This calculator calculates your monthly mortgage payment for a given loan amount, interest rate and loan term.
Payments are shown for principal and interest (P & I) and combined (PITI) payments. Combined payments include principal, interest, property taxes, and homeowner's insurance, as well as mortgage insurance where applicable.
Mortgage lenders generally require that you obtain mortgage insurance for certain loan products if your down payment is less than 20% of the home purchase price. If you enter a loan amount that is more than 80% of the home value, the calculator estimates a monthly amount for mortgage insurance (MI). The amount displayed is an estimate only. The actual premium may be higher for larger loan amounts depending on the property location.
This calculator is provided solely for general information and educational purposes only. Wells Fargo does not guarantee the accuracy of the calculations. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your financial situation, please consult with a financial advisor.