Childs Real Estate
Plan Ahead

Mortgage Calculator

Get an instant estimate of your monthly payment — so you can shop with confidence and know exactly what fits your budget.

How to use this calculator

Three easy steps to your estimate

1

Enter the home price

Type in the price of the home you're interested in, or drag the slider. Not sure? Try a round number to start.

2

Set your down payment

Choose what percentage you plan to put down. 20% avoids private mortgage insurance (PMI). Even 3–5% is a great start.

3

Adjust rate & term

Enter today's interest rate (we've pre-filled a current estimate) and pick how many years you'd like to pay off your loan.

$
$100K$3M
%= $100,000
3%50%
% / year
2%12%

Your Estimate

$3,053

per month (estimated)

Principal & Interest
$2,594
Property Tax (est.)≈ 0.6% / yr
$250
Home Insurance (est.)≈ 0.5% / yr
$208
Loan amount$400,000
Total interest paid$533,981
Total cost of loan$933,981

Estimates only. Tax and insurance figures are averages for Utah. Contact a lender for exact rates.

Good to know: A 20% down payment eliminates PMI (Private Mortgage Insurance), which typically adds $50–$200/month. If your down payment is less than 20%, add an estimated PMI amount to your monthly total above.

Ready to make it real?

This calculator gives you a solid starting point — but every situation is unique. Reach out and we'll connect you with a trusted lender and walk you through the full picture, no pressure.

Or call us at (801) 735-8460