Use our Mortgage Payment Estimator to estimate the monthly principal + interest (the "mortgage payments") on a home loan. Just enter the estimated purchase price of the home, the amount of down payment you’re able to provide (from your own financial resources as well as the Maryland Mortgage Program's Down Payment Assistance and Partner Match Programs), and the mortgage’s interest rate (see Interest Rates for today’s rates).
Of course, when you get a home loan to purchase a property, you need to consider more than just the basic mortgage repayments. Homeowners typically have several additional costs associated with homeownership that could add another 30% to 40% to the estimated monthly mortgage payments.
These may include:
Keep reading after the calculator to learn more about these homeownership costs.
7800 Harkins Road, Lanham, MD 20706
(301) 429-7400 or 1-800-638-7781