Mortgage & Home Loan Calculator Hub

Free Mortgage Calculators — No Signup. No Data Stored.

MyMortgageOwl is a free, independent mortgage education platform. Every calculator runs entirely in your browser. We do not collect your inputs, share your data with lenders, or require an account. Use as many times as you need.

The 12 Calculators

• → Mortgage Calculator — full PITI payment breakdown
• → Refinance Calculator — break-even month
• → Amortization Calculator — full schedule
• → Affordability Calculator — 28/36 rule
• → Closing Cost Calculator — by state
• → DTI Calculator — front & back-end ratios
• → PMI Calculator — removal date included
• → HELOC Calculator — borrow against equity
• → ARM vs Fixed — 3 rate scenarios
• → Biweekly Calculator — years saved
• → Points Calculator — break-even month
• → Rent vs Buy — 10-year cost comparison

State Mortgage Calculators

Property taxes vary dramatically by state — from 0.28% in Hawaii to 2.49% in New Jersey. Our state-specific calculators use accurate local tax rates, homestead exemption details, and first-time buyer program information.

California · Texas · Florida · New York · Washington · Virginia · Georgia · Arizona · Colorado · Illinois · Ohio · Pennsylvania

Key Mortgage Facts for 2026

• The 2026 FHFA conforming loan limit is $806,500 for most US counties. Loans above this are jumbo loans.
• FHA loans require a minimum 3.5% down payment with a 580+ credit score, or 10% with a 500–579 credit score.
• VA loans are available to eligible veterans and active-duty service members with zero down payment and no PMI required.
• PMI (Private Mortgage Insurance) is required when your down payment is less than 20% and costs 0.5–1.5% of the loan annually.
• Closing costs average 2–5% of the loan amount — typically $6,000–$12,000 on a $400,000 purchase.
• A 20% down payment eliminates PMI and typically secures the best available interest rate.
• Most lenders require a back-end DTI (debt-to-income ratio) under 43%. Some programs allow up to 50%.
• Switching to biweekly payments results in one extra full payment per year and can cut a 30-year mortgage by 4–6 years.

Start Learning

Not sure where to start? Our most-read guides:

• What is a mortgage and how does it work?
• How much down payment do you actually need?
• What are closing costs and what is negotiable?
• FHA vs conventional loan: which is right for you?
• How and when can you cancel PMI?
• When does refinancing actually make financial sense?

Frequently Asked Questions