Use this mortgage payment calculator to estimate your monthly payment with confidence. Just enter your loan amount, interest rate, loan term, and details like property taxes and homeowners insurance. Check out the CFPB Site to learn more about how mortgage payments work.
This mortgage payment calculator gives you a realistic idea of what your payment might look like, so you can get a feel for what you may qualify for.
Play around with the numbers until you’re comfortable. When you’re ready for an exact mortgage payment quote, give me a call or apply online — no pressure, no obligation.
These aren’t generic tips like “get a lower rate” or “borrow less.” These are real-world strategies I use with clients every day to help reduce their monthly payment without compromising their goals.
A buydown temporarily lowers your mortgage payment by reducing your interest rate during the first few years of the loan. For example, with a 3-2-1 buydown, your rate might be:
The difference in payment during those first years is covered by a special buydown account, which is funded at closing. It feels like you’re getting a lower rate — and that can make a huge difference when you’re early in your career or managing a growing family.
Who pays for it? You can negotiate to have the seller cover it, use a lender incentive, or even get help from a family member. And if you refinance or sell before the buydown period ends, the unused funds apply to your loan balance — so the money isn’t lost.
When you put less than 20% down, lenders typically require Private Mortgage Insurance (PMI). The smaller the down payment, the higher the monthly PMI cost.
But here’s the workaround: instead of paying PMI monthly, you or someone on your behalf can pay it upfront — either out of pocket, as a seller concession, or by having the lender cover it in exchange for a slightly higher interest rate.
This strategy can reduce your monthly payment significantly while still letting you purchase with just 3% down.
In Columbus, property taxes can vary widely by neighborhood — often by hundreds of dollars per month. Some older areas that are now being revitalized still have substantially lower tax rates than newer suburbs.
Why? Older neighborhoods often have paid-off infrastructure (roads, sewers, sidewalks), so they carry less tax burden. Choosing one of these areas can be a smart way to save monthly without sacrificing location or space.
As a broker, I work with nearly 100 different lenders, and I hear from them constantly about new promotions, special pricing, and incentive programs.
This allows me to help my clients:
Banks tend to offer one product — their own. As a broker, I’m here to shop the entire marketplace for you and find the structure that best meets your financial goals.
As a broker, I work with nearly 100 different lenders, and I hear from them constantly about new promotions, special pricing, and incentive programs.
This allows me to help my clients:
Banks tend to offer one product — their own. As a broker, I’m here to shop the entire marketplace for you and find the structure that best meets your financial goals.
There are plenty of generic articles out there telling you to “buy less house” or “get a lower rate.” You already know that.
What most people don’t know is that there are smart, creative, and very real strategies to reduce your monthly payment — especially when you work with someone who’s seen every trick in the book (and probably used most of them this month).
If you’re ready to explore what your options actually look like, let’s talk.
