Edit either. Price recasts the monthly; monthly recasts what you can afford.
An estimate, not a loan quote. Your lender sets the final rate, PMI, taxes, and insurance.
Free NYC mortgage calculator
Calculate monthly housing for houses, condos, and co-ops in the New York metro. No account, no quote requests, no ads. The math runs in your browser and stays on this device.
How your payment is calculated
Principal and interest uses the standard fixed-rate formula. Property tax is entered as dollars per year (or a percent of price) and divided by 12. Insurance, HOA, common charges, and co-op maintenance add directly to monthly housing. Conventional PMI is estimated from the loan balance when you put less than 20% down. FHA uses MIP for the modeled term. An ARM is shown at the initial rate, as if that rate held.
Condo vs co-op
A condo still has its own property-tax bill. A co-op folds property tax into maintenance, so this tool hides the tax field in co-op mode and lets you put the building’s number in maintenance.
What extra payments do
Open See payoff to try an extra amount each month, once a year, or as a one-time lump. The timeline shows the new payoff year and the interest you avoid. Extra payments only help if the lender applies them to principal.
FAQ
Is this a loan quote? No. It is a planning estimate.
Do you sell leads? No. There is no quote form and no lender on the other end of this page.
Does it work on a phone? Yes. Add it to your Home Screen for one-tap access. Your last run stays in this browser.