This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.
Why Use a Mortgage Calculator?
To Compare Loan Types
Use our mortgage calculator to compare different types of mortgages and loan terms to decide which one works best for you. For example, a 30-year mortgage typically has a lower monthly payment, but adjusting to a 15-year term can save you money in the long run.
To Plan for Your Down Payment
Decide how much money you should put down so your monthly payment is affordable for your budget. If you don't have a down payment saved up, most of our mortgages have options that don't require one.
To Decide How Much Home You Can Afford
Our mortgage calculator can help you determine an affordable home price for you, taking into account your other debts (such as auto or student loans), monthly expenses (like utilities) and the size of your down payment (if any).
To Consider Other Home-Buying Finance
From mortgage closing costs to a reserve fund for home repairs, there are other expenses associated with buying a home.
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.