Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.
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MORTGAGE HELP

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Client Feedback

Sampatkumar Hipparagi

Matt helped me buy my home in Lake Oswego and sell it four years later. Both times he was excellent. I started with an agent I found on Zillow and it didn't feel right. Then I found Matt, who actually lives in Lake Oswego and knows it street by street. He doesn't talk much — he listens. I told him once what we were looking for, and he remembered every detail. What sold me on him: my wife and I liked two houses before the one we bought. An agent who just wanted the commission would have let us go ahead. Matt told us why neither was a good fit — one was on a septic tank, not city sewer, which we had no idea about. He talked us out of two deals before finding us the right house. Coming from another country, I didn't know how any of this worked. He made it simple both times. Selling was the stressful part, and his whole team carried it. He priced it right, got us an offer during a private showing, and closed on schedule — before the market slowed down for the winter. No flash, no sales talk. Just a genuine person who wants his clients in the right house. 10 out of 10.

Teddy Schreck

We had an excellent experience working alongside the Tercek Real Estate Group for a recent purchase of a new home. Matt and team regularly went above and beyond throughout the entire home buying process, and we consistently felt supported and in good hands. We will highly recommend this team to our family and friends, 10/10!

Kelsey Rutter

Matt and his team were absolutely amazing from start to finish. We came into the process from a very difficult situation, and Matt immediately gave us confidence that he could help us find something better—and he absolutely delivered. Matt was incredibly knowledgeable, responsive, and always willing to make himself available, even at the last minute. He made the process of finding, negotiating, and ultimately closing on our dream property feel seamless and stress-free, even when we were competing in a multiple-offer situation. I never once doubted that he would do everything possible to help us get the deal done. What really stood out, though, was that Matt’s support didn’t end once we got the property. As soon as we learned we had secured the land, he proactively connected us with all of the professionals we needed for the next steps, including surveying, septic planning, asbestos testing, tree removal, and more. He handled those introductions without us even having to ask, which made an already complicated process so much easier. I truly cannot recommend Matt and his team highly enough. His knowledge, responsiveness, attention to detail, and genuine commitment to his clients are exceptional. We are incredibly grateful for everything he did to help us find and secure our dream property. Matt is truly wonderful, and we would recommend him to anyone!

Let's Connect!

Matthew Tercek
Matthew Tercek

Team Lead / Agent License ID: 201210228 (OR) 23013170 (WA)

+1(503) 453-5815 | matthew@tercekre.com

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