See it on your own numbers
Try the calculator Move your credit score and down payment and watch your rate update.
Your rate,
The free interactive mortgage rate calculator. See your rate, your payment and exactly why, before you ever talk to a lender.
Mortgage calculator
Plug in your rate.
Type the rate a lender quoted you, or drag the dial. See your payment, and what every eighth of a point is worth.
$
%
Term
%
Type it, or drag the dial · arrow keys move ⅛ point
Monthly principal & interest
Every ⅛ point
Loan amount
Total interest
Half a point lower
Educational estimate · principal & interest onlyAdd taxes, insurance & PMI
CMR-00 · SignatureLive
Mortgage rate calculator
Your rate from credit score, down payment, property and term, then the full payment: principal, interest, taxes, insurance, HOA and PMI.
CMR-01Calc
Affordability
How much house your income and debts can actually carry.
CMR-02Calc
Refi savings
Monthly savings and the month you break even.
CMR-05Calc
Home equity
What you've built, and what you could borrow against.
CMR-03Calc
Rent vs. buy
The year buying pulls ahead, for how long you'll stay.
CMR-08Calc
PMI
The month private mortgage insurance drops off.
CMR-04Unique
LLPA adjuster
The fee hidden inside your rate, on the real pricing grid.
CMR-09Schedule
Amortization
Every payment, year by year, plus what extra principal saves.
CMR-06Guide
Loan Estimate, decoded
All three pages of the form, every line explained.
The problem → our solution
Same loan. Different risk factors.
The same $200,000 loan, priced for two buyers. Follow each row from credit score to monthly payment.
Free homebuyer toolkit
Five printables. Zero cost.
Five worksheets that take you from your first credit check to your first year in the home. Download, print, and fill them in by hand. No signup, no email.
One 10-page PDF · letter size · prints in black & white
- 01Know Your NumbersCredit score, LTV, DTI and the LLPA factors behind your rate.2 pages · PDFDownload
- 02Home Buying BudgetFind the payment you’re comfortable with, not just the most you can borrow.2 pages · PDFDownload
- 03Home Comparison SheetScore up to four homes side by side on cost, details and location.1 page · PDFDownload
- 04Home Buying JournalWhat you want, every showing, and the milestones to the keys.3 pages · PDFDownload
- 05First-Year ChecklistWeek one through month twelve in your new home.2 pages · PDFDownload
CMR-00 · Signature toolMortgage rate calculator
Your rate, and your real payment.
Pick your credit score, down payment, property and loan. We estimate the rate a lender would price for you, then build the full monthly payment and payoff schedule. Everything updates as you move.
Monthly paymentUpdates live
Principal & interest
Taxes & insurance
PMI
Est. rate
What shifts your rate
Loan breakdown
Estimates for education, not a loan offer. Rate adjustments are a simplified model of how lenders price credit, down payment, occupancy and term; your real rate depends on your lender and the market on the day you lock. PMI is estimated for conventional loans under 20% down.
Year by year
Where the money actually goes.
Early payments are mostly interest; the principal share grows over time.
PrincipalInterestBalance
The calculators
Your max home price
Monthly savings
Break-even
Lifetime net savings
Current payment
New payment
Cumulative net savingsBreak-even
Compares principal & interest on your current balance at both rates over the new term. Resetting the clock on a loan you've paid for years can raise total interest even when the payment drops.
Your equity
Verdict
Renting, total costBuying, net cost
Rent total
Buy net cost
Monthly to own
Buying pulls ahead
PMI drops off in
PMI / month
Total PMI paid
Request at 80%
Automatic at 78%
PMI rates are market estimates by credit score and loan-to-value (roughly 0.5%–1.6% of the loan a year). A new appraisal after your home gains value can get you there sooner.
Total price adjustment
Credit score × loan-to-value grid, purchase loans (points)Highlighted: your cell
Modeled on Fannie Mae's published Loan-Level Price Adjustment matrix for purchase loans. Condo, 2–4 unit and non-primary add-ons are simplified. Lenders usually fold LLPAs into your rate at roughly 0.25% of rate per point.
CMR-09 · Our specialtyFull amortization schedule
Every payment, year by year.
See exactly how much of each payment goes to interest and how much pays down your loan, and what a little extra principal each month does to your payoff date.
Monthly principal & interest
Total interest
Interest saved
Payoff date
Time saved
Balance, no extraBalance with extra
The schedule
Start hereLearn the game before you play it
Start here.
Short, clear guides: your rights, the fees nobody explains, and how to make lenders compete for you. Read a few, then go run your numbers with confidence.
Know your rights
They work for you, not the other way around.
Three numbers every buyer should know before talking to a single lender.
3business days
After you apply, the lender owes you a free Loan Estimate within three business days. It's the law. Read one with us
45days
Today's FICO models count every mortgage credit pull inside 45 days as one. Shop inside 14 days to be safe on every model. How it works
78% LTV
PMI must end automatically when your balance reaches 78% of the original value. You can ask at 80%. Find your month
CMR-07 · A–ZMortgage glossary
Know what you're signing.
Clear definitions of common mortgage terms, so your Loan Estimate, your rate and the whole process finally make sense.
CMR-06 · GuideHow to read a Loan Estimate
Three pages. Every line, explained.
The Loan Estimate is a standard three-page form every lender must give you within three business days of applying. Same format from every lender, so you can compare them line for line.
About usCalculate My Rate, LLC · People over profit
For the people. By the people.
Calculate My Rate is free, independent, and built with one goal: no home buyer should ever walk into a lender's office without knowing their own numbers.
This site didn't start as a business plan. It started with what I saw.
I watched too many good people get taken advantage of. First-time buyers, young families, people who worked for years to finally own something of their own, steered into loans that weren't in their best interest. Rates quietly marked up. Fees buried in the fine print. Honest questions brushed off. Pressure dressed up as advice. None of it happened because they did anything wrong. It happened because someone across the table was counting on them not knowing the numbers.
That stuck with me. Buying a home is one of the biggest decisions of your life, and it should never come down to who is willing to take advantage of what you don't know yet.
So I built the tools I wish every buyer had: honest calculators, every mortgage word explained, and printables to keep you organized from your first showing to your first year in the home. There's no lender to sell you, no kickbacks, and no sales calls. It's just the truth about your numbers, free for everyone. People over profit, always.
If this site helps even one person walk in confident, ask the right question, or keep thousands of dollars in their own pocket, then it has done exactly what my heart wanted it to do.
"Knowing your numbers is the best protection a home buyer has. I made this so you never have to walk in without it."The founder of Calculate My Rate
What we stand for
Six promises, kept.
No lender to sell, no affiliate fees to collect, no loan to pitch. Our only interest is yours.
01Radical transparency
Every number we show is explained. Every term is defined. We break complexity down so you can own it.
02Complete independence
No lender to sell, no affiliate fees, no loan to pitch.
03Real-time tools
Calculators update live as you adjust, so you see exactly what moves your rate.
04Education first
Every article, guide and glossary term is written to inform, never to impress or intimidate.
05No pressure, ever
No signup. No sales calls. No follow-up emails. Use the tools on your own terms.
06Built for everyone
First home or fifth, no financial background required.
Got questions
Frequently asked.
And when you're ready, start with the calculator. No signup, no pressure, just the math.
Is this financial advice?
No. Everything on Calculate My Rate (the calculators, articles, glossary and guides) is for educational purposes only. We help you understand the numbers so you can ask better questions. Nothing here is a recommendation to buy, sell, borrow or invest. Always work with a licensed lender, financial advisor or real estate professional for advice specific to your situation.
Are the rate estimates accurate?
The rates in our calculator are educational estimates based on publicly available LLPA data and general market conditions. They are not a quote, not a commitment to lend, and not guaranteed. Your actual rate depends on your full financial profile, the lender you choose, and the market when you lock. Always get a formal Loan Estimate from a licensed lender for your actual numbers.
Do you pitch me a loan?
No. We don't make loans or pitch you one. We're an independent educational platform with no mortgage product to sell and no lender relationship that influences what we show you. No pressure, no follow-up calls, no agenda.
What is an LLPA, and why does it affect my rate?
A loan-level price adjustment (LLPA) is a risk-based fee Fannie Mae and Freddie Mac charge on most conventional mortgages. It's based on your credit score, down payment, property type and other factors, and it's folded into your interest rate instead of shown as a separate charge. Our LLPA adjuster shows you exactly which cell of the pricing grid you land in.
Can I use these tools if I'm just starting to research?
Absolutely. That's exactly who we built them for. You don't need a lender, a pre-approval, or even a specific home in mind. The tools work best before you talk to lenders, so you know what questions to ask and what numbers to expect.
Why does my rate look different from a lender's quote?
That's expected. Our calculator gives you an educational estimate so you know the ballpark before you walk in. A lender's quote reflects your full credit file, the specific loan program, their own pricing and that day's market. Use our numbers to understand what drives your rate, then compare real Loan Estimates across lenders.
Who made this, and why?
Calculate My Rate was built by someone who watched too many home buyers get taken advantage of by how complicated, and how opaque, mortgage pricing can be. It's for the people, by the people: free tools and honest explanations so you know your numbers before anyone tries to sell you anything. When buyers understand their numbers, they make better decisions and ask better questions.
Calculate My Rate, LLC is an independent educational platform. All content, calculators and estimates are for informational purposes only and do not constitute financial, legal or mortgage advice. Results are not a commitment to lend, a guarantee of rate or terms, or a formal Loan Estimate as defined under RESPA/TRID. Calculate My Rate is not affiliated with any lender, bank, real estate agency or government entity.