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Mortgage Calculators

It's not magic! Trust the math - crunch the numbers and start planning your smarter mortgage plan.

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How Much House Can You Afford?

See what you can afford with this easy-to-use calculator using your monthly income with your projected loan term (i.e. 30-year, 15-year, etc.)

See Your Savings!

Mortgage Calculator FAQs

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How much home can I afford?

That depends on your income, monthly expenses, and how much you feel comfortable paying each month.

Our Home Affordability Calculator helps you figure it out based on your budget, so you can shop with confidence, not guesswork

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What is included in your mortgage payment?

Your monthly mortgage payment usually includes:

  • The loan amount (principal)
  • The interest
  • Property taxes
  • Homeowners insurance

Sometimes it also includes PMI (Private Mortgage Insurance).

Use our Monthly Mortgage Payment Calculator to see how each of these pieces fits into your full monthly cost

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How much should I save for a down payment?

Many homebuyers aim for 20%, but you don’t have to!

There are loan programs with as little as 3% down.

Try our Monthly Payment Calculator to see how different amounts can change your monthly payment, and help you find what works for your budget.

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What is PMI, and do I have to pay it?

PMI (Private Mortgage Insurance) is usually required if you put down less than 20% on a conventional loan.

It protects the lender, not you, but it helps many buyers purchase sooner with a smaller down payment.

Use our Mortgage Payment Calculator to see if it applies to your loan

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Why should I consider a refinance?

Refinancing can help you lower your interest rate, reduce your monthly payment, or pay off your home faster.

But it also comes with some costs, so it’s important to know when it’s worth it.

Use our  Refinance Break-Even Calculator to see how long it would take for the savings to outweigh the costs.

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What affects my monthly mortgage payment?

A few key things can change your monthly payment:

  • Loan amount
  • Interest rate
  • Loan term (15 vs. 30 years)
  • Down payment
  • Taxes and insurance

Want to see how changes affect your payment?

Try the Monthly Mortgage Payment Calculator to explore different scenarios.

Are you buying a home or refinancing.?

Where are you planning to buy a home?

Please Select a State

When are you planning to buy a home?

What is your timeline?:

What is your full name?

Please Enter a Name
Please Enter a Last Name

What is your email address?

Please Enter a Valid Email Address
  We won't share your information.

Next, we need to verify a phone number.

Enter a Valid Phone Number
Please Select a Message Type

Enter your phone number and we'll text you a 6-digit security code to verify it's you. Standard texting and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions..

Enter the 6-digit code sent to your device.

 Code sent to +1234567890

Finally, how did you hear about us?

Please Select an Option

By submitting this form, I/we agree to your Privacy Policy, Email and Mobile Policy, Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive SMS text messages sent by an automatic telephone dialing system. Message and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions. Consent to these terms is not a condition of purchase.

Your answer will NOT negatively affect your mortgage application. Your answer does not mean the Lender or Other Loan Participants agree to communicate or provide documents to you in your preferred language. However, it may let them assist you or direct you to persons who can assist you. Language assistance and resources may be available through housing counseling agencies approved by the U.S. Department of Housing and Urban Development. To find a housing counseling agency, contact one of the following Federal government agencies. U.S. Department of Housing and Urban Development (HUD) at (800)569-4287 or www.hud.gov/counseling

Es probable que su transacción de préstamo hipotecario suceda en inglés. Por medio de esta pregunta, solicitamos información para determinar si existen comunicaciones disponibles a su servicio, en su idioma preferido. Sírvase tener en cuenta: posiblemente NO hay comunicaciones disponibles en su idioma preferido.

Thank You!

Thank you for choosing Churchill Mortgage to help you with your home loan needs!

Our team is already hard at work connecting you with your Home Loan Specialist. Rest assured that we've received your request and will be in touch with you shortly.

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Already working with someone at Churchill?

Find Your Home Loan Specialist

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Mortgage
A mortgage is a loan given by a mortgage company, bank, or other financial institution for the purchase of a home. Mortgages typically come with lower interest rates than other consumer loans because they are considered to have an asset backing the loan.
Refinance
Refinancing is when you pay off an existing home loan and replace it with a new one.
Interest Rate
The interest you will pay on your home loan.
Loan Term
The length of time a loan extends from the original funding date. The most common terms are 15, 20 or 30 years.
Down Payment
An up-front payment that is a portion of the purchase price when you buy a home. This is paid “out-of-pocket” as opposed to borrowing it. Usually due on closing day.
Basis Point
Also known as bps. Used to help express interest rates. One basis point is equal to 0.01% (1/100th of a percent).
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