Upfront, transparent pricing

No hidden fees, points, or markups

Low and no down payment* options

To make buying possible now

The house is nice. What about the price?

You’ve found the perfect home. Now, let’s see if it fits your budget. Use our Mortgage Loan Calculator to estimate your monthly payment, total interest, and overall loan cost. Adjust the sale price, interest rate, loan term, and down payment to see how different scenarios affect your mortgage.

Instant results. No guesswork. Just clear numbers to help you plan with confidence.

Disclaimers

Definitions

  • Mortgage amount: Original or expected balance for your mortgage.
  • Term in years: The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
  • Interest rate: Annual fixed interest rate for this mortgage. Please note that the interest rate is different from the Annual Percentage Rate (APR), which includes other expenses such as mortgage insurance, and the origination fee and or point(s), which were paid when the mortgage was first originated. The APR is normally higher than the simple interest rate.
  • Monthly payment: Monthly principal and interest payment (PI).
  • Total payments: Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
  • Total interest: Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
  • Prepayment type: The frequency of prepayment. The options are none, monthly, yearly and one-time payment.
  • Prepayment amount: Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.
  • Start with payment: This is the payment number that your prepayments will begin with. For a one-time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number zero, the prepayment is assumed to happen before the first payment of the loan.
  • Savings: Total amount of interest you will save by prepaying your mortgage.
  • Report amortization: Choose how the report will display your payment schedule. Annually will summarize payments and balances by year. Monthly will show every payment for the entire term.

This calculator is for illustrative purposes only. The information shown is designed to provide basic information based upon your input and assumptions.

* No Down Payment Mortgage: Property must be owner-occupied. 100% financing available up to $806,500 in Riverside and San Bernardino Counties, and up to $1,077,550 in San Diego County. Other limits may apply based on location, loan type, and borrower qualifications. Rates and terms vary based on creditworthiness and property. Private mortgage insurance (PMI) may be required. Not all borrowers will qualify. All loans are subject to credit and underwriting approval. Program availability and terms are subject to change without notice.

Frontwave Credit Union is an Equal Housing Lender. NMLS #445243

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