FirstHome Payment

Find out your real monthly mortgage payment in seconds — built for first-time buyers, not finance majors.

Your payment is more than principal

Most calculators show only principal and interest, then your real bill lands 30% higher. FirstHome rolls in estimated property tax, homeowners insurance, and PMI so the number you see is the number you'll actually budget for.

How to use it

Type four things separated by commas: home price, down payment %, interest rate %, and loan term in years. Example: 350000, 10, 6.5, 30. Leave blanks and we'll assume 10% down, 6.5% rate, and a 30-year term.

Why down payment matters

Putting less than 20% down means private mortgage insurance (PMI) gets added every month until you build equity. The calculator flags exactly how much that costs you — and how much you'd save by crossing the 20% line.

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