Monthly payment
You found a place you like and the first thing you want to know is what it would cost you every month. Put in the price, and we’ll show you the whole payment — loan, taxes, insurance, and PMI, not just the part that sounds cheapest. No login, no credit check, nobody calling you.
The home you found
Start with the price on the listing. Everything else has a sensible default you can change.
The asking price. Type any number — the slider is just a shortcut.
8% down. First-time buyers average about 8%.
Saving toward this? Build the plan in the Down Payment calculator →
We'll fill in your state's average property tax. You can always set it yourself.
Nothing here is hidden. Every number behind the payment is yours to change.
What a different listing would cost
Same down payment, same assumptions, three price points. This is the number to keep in your head while you scroll.
10% less
$360,000
$2,750/mo
−$329/mo
This home
$400,000
$3,079/mo
the home you entered
10% more
$440,000
$3,409/mo
+$329/mo
This is what it costs. The other half is what it builds.
A monthly payment on its own can look like a big number next to your rent. It is not the same kind of number: most of it buys you something you keep. The Big Picture runs this exact home against renting over the years you would own it, so you can see what the payment is actually doing.
Not ready to talk to a lender yet? That is normal.
Plenty of people put off that call because they are afraid of the answer, and then spend months guessing instead. You do not have to guess. You now have a payment, a breakdown of what makes it up, and a rough sense of the income it fits — which is more than most people bring to a first conversation.
When you are ready, three questions turn this estimate into a real number: what rate would I actually get, what are the taxes on this specific address, and what loan programs am I eligible for. A FirstHome IQ ambassador can walk through those with you without a credit pull or a commitment.
How this works
We amortize a fixed-rate loan for the amount you are borrowing, then add the things that come with owning: property tax, homeowners insurance, PMI while you are under 20% equity, and HOA dues if the place has them. Lenders call the bundle PITI. It is the number that leaves your account, and it is usually a third larger than the “mortgage payment” figure a listing site shows you.
Enter a ZIP and we start your property tax at that state’s average. That is a starting point, not an answer — rates vary a lot between counties and even neighboring towns, so the real figure comes off the listing or your county assessor. Every assumption stays editable.
What this is and isn’t
This is an estimate, not a pre-approval or a loan offer. Your actual rate depends on your credit, your down payment, and the loan program you qualify for, and this tool does not know any of those. It also leaves out closing costs, which are a separate up-front number.
What it is good for: walking into a lender conversation already knowing roughly what you are looking at, instead of finding out on the call.
Now you have a number
Take it further: check it against your income, or see what this same home looks like against renting over the years you would own it.