Calculate Your Conventional Loans Payment
Enter the home price, down payment, and interest rate to see your estimated monthly payment including principal, interest, taxes, and insurance.
About the Conventional Loans Calculator
Our Conventional Loans calculator helps you estimate your monthly mortgage payment by breaking it down into principal, interest, property taxes, and insurance. Enter the home price, your down payment, the interest rate, and loan term to see a detailed payment breakdown.
Tips for best results:
- Compare 15-year and 30-year terms to balance payment size and total interest
- Factor in property taxes and homeowners insurance
- Contact NMHL for current Conventional Loans rates specific to your profile
Conventional Loans Benefits
Expert Guidance at Every Step
Our loan officers don't just crunch numbers — they help you understand every option so you can make the best decision for your family. Get a personalized consultation at no cost.
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Conventional Loans Calculator FAQs
Enter the home price, down payment, interest rate, and loan term. The calculator estimates your monthly payment including principal and interest. For Conventional Loans, down payments start as low as 3%. Results are estimates — contact NMHL for an exact quote.
Your actual Conventional Loans rate depends on your credit score, loan amount, down payment, and market conditions. Use current market averages as a starting point, or contact NMHL for a personalized rate quote to get the most accurate calculation.
Your monthly payment typically includes principal (the loan amount you are paying back), interest (the cost of borrowing), property taxes, and homeowners insurance. Depending on your down payment, you may also have private mortgage insurance (PMI).
Conventional Loans requirements include a minimum credit score of 620, a minimum down payment of 3%, and standard documentation including income verification. Contact NMHL for full eligibility details.
Yes. Run calculations with different loan types to compare monthly payments. Try our other loan calculators to see how FHA, VA, conventional, and other programs compare. Each has different rates, down payment requirements, and insurance costs.
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