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Mortgage calculator

Estimate your monthly mortgage with the CENTURY 21® Brand

Whether you're beginning your home search or narrowing down your options, the CENTURY 21® Mortgage calculator helps you understand your financial picture with clarity and confidence. It's one of the many modern tools we offer to make homeownership more accessible, informed, and joyful.

Calculators provided for estimating purposes only.

Consult with your lender to determine precise payment requirements.

Monthly payment breakdown

Est. monthly payment

$1,842

Property taxes
$0
HOA dues
$0
Private mortgage insurance
$0
Hazard insurance
$0
Principal & interest
$1,842
Total monthly payment
$1,842

Mortgage terms made simple

This is the amount you expect to pay for a home. This could be the listing price or the offer you plan to make. It sets the foundation for your mortgage estimate.
The upfront amount you'll pay towards your home purchase. A larger down payment can reduce your monthly mortgage and total loan amount.

The loan term is the length of time you will take to repay your mortgage. Common loan terms include 15 and 30 years. Shorter terms mean higher monthly payments but less interest paid over time. Longer terms offer lower monthly payments but more interest overall. Choose the term that fits your financial goals.

The interest rate is the percentage charged by your lender for borrowing money. It is added to the principal amount of the loan which includes it in your monthly payment. Over time, it can significantly increase the total cost of your mortgage. Rates may be fixed, staying the same for the life of the loan, or adjustable, changing with the market conditions. A lower rate means lower monthly payments and less paid over time, while higher rates increase your overall cost.
Real estate is subject to taxation by the local government in the area where the property is located. Assessments are done on property at the time of purchase and periodically thereafter in order to ensure that the property is valued correctly by the taxing authority. Taxes are calculated based on a number of factors that can include the type of structure, commercial or residential; the specific location of the property; the value of the property; and any renovations performed since the last assessment. These taxes fund community services such as schools and infrastructure. Before purchasing a home, it's a good idea to confirm the property taxes you'll be expected to pay to plan your budget more accurately.

Homeowners insurance protects your home and personal property from damage or loss caused by certain events that potentially include fire, theft, or severe weather. It also includes liability coverage if someone is injured on your property. Mortgage lenders require this coverage to help ensure the home can be repaired or rebuilt if damaged.

In most cases, homeowner's insurance includes hazard insurance, which specifically covers damage from certain common risks that may include fire, wind, or hail. If your home is in a federally designated flood zone, your lender may also require flood insurance, which is not typically included in standard homeowners policies and must be purchased separately.

Together, these policies help protect both you and your lender from financial loss due to unexpected events. You should speak with your insurance representative and closely review your insurance policy to determine what is covered and what is excluded and whether you need to purchase an additional or specialty coverage through riders.

An escrow account is set up by your lender to manage certain homeownership costs, such as property taxes, homeowner's insurance, and private mortgage insurance. Each month, a portion of your mortgage payment is deposited into this account. When those bills are due, your lender pays them directly from the escrow account. This helps ensure your home stays protected and your payments remain on track without needing to manage each expense separately.
The principal of a loan is the original amount of money you borrow from a lender to buy a home. It does not include interest, taxes, or insurance—just the base loan amount. Each month, part of your mortgage payment goes toward reducing this principal balance. Over time, as you pay down the principal, you build equity in your home.
If your down payment is less than 20 percent of the total purchase price, PMI protects the lender in case of default. It is added to your monthly payment and can often be removed once you have accumulated enough equity.
A Homeowners Association (HOA) is formed by a real estate developer, typically for a subdivision or condominium complex. It is usually a non-profit corporation, having a board of directors, and has to abide by corporate laws. The HOA collects dues from the members to pay for the services they provide and may collect fines for those breaking the Association's rules. If your home is in a community with a Homeowners Association, these monthly or annual fees cover shared amenities and services such as landscaping, pools, and security.