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Mortgage Calculator / Rate Finder

Use this calculator to find out what your monthly payments may be or, for home loans, enter a target monthly payment to see how much house you can afford. Current rates will automatically populate based on loan type, terms and amount. Rates are subject to change at any time, please check our rates page for current rates.

Loan Term (years)

Purchase Price ($)

Estimated Monthly Payment ($)

Existing Home Value ($)

Remodeling Budget ($)

Land Value "as is" ($)

Construction Budget ($)

Existing Mortgage ($)

Cash Out? ($)

Equity Credit Line ($)

Down Payment

Loan Amount ($)

Interest Rate (%)

Estimated Monthly Payment ($)

Check today's rates

Payments quoted do not include taxes & insurance, so actual payments may be higher. Payments on this 10 year interest only term will convert to a 15 year fixed payment term on any unpaid balance.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Payments quoted do not include taxes & insurance, so actual payments may be higher.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Payments quoted do not include taxes & insurance, so actual payments may be higher.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Payments quoted do not include taxes & insurance, so actual payments may be higher.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Payments quoted do not include taxes & insurance, so actual payments may be higher.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Payments quoted do not include taxes & insurance, so actual payments may be higher.
Subject to credit approval.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
Rates for owner occupied homes only.
Ask us about additional available loan programs.

Helpful resources

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Helpful resources

Mortgage Basics From our blog

9 Major Steps of Buying a Home

How does a lender decide to approve a home loan?

How much should you put down on a house?

View more articles

The benefits of working with WaFd Bank

We keep your loan and don't sell it to Wall Street or Fannie Mae.

Our experts are standing by to help you with every step.

We are not paid on commission, so your needs come first.

We keep your loan and don't sell it to Wall Street or Fannie Mae.

Our experts are standing by to help you with every step.

We are not paid on commission, so your needs come first.

Frequently asked questions

When it's time to get a loan, what counts?

Here are the factors that count the most.

Income: Generally, lenders look for two years of stable income based off of your gross monthly income (pay before taxes).

Debts: Installment debt (car payments, credit card payments, personal lines of credit, etc.) are added together with your proposed mortgage payment to determine your ability to qualify for the loan.

Employment History: “Stability” is the key word here. In this case, they want to make sure you’re able to make your loan payment every month for years to come.

Credit History: Numerous late payments on debt, or a credit report that indicates a lack of ability to use credit wisely are red flags for a lender.

Property: In this case, the lender wants to make sure that the value of the property would more than cover the loan amount if it had to be sold following foreclosure. Note that the appraised value and the purchase price may not always match.

What do you need when applying for a home loan?

To apply for a home loan, you'll likely need:

Paycheck stubs
W-2s
Copy of the purchase and sale agreement
Proof of other income
Outstanding loans
Rental or landlord information
Employer's name and address
Past bank and brokerage statements
Your past home address

How much should you put down on a house?

Putting 20% down is often ideal for more financially established buyers or those with a larger cash or savings reserve.

Benefits of a larger down payment includes:

A smaller monthly mortgage payment
More equity in case you need to move and sell
No private mortgage insurance
Less risk when selling

For those who would like to put less than 20%, many lenders offer loans that require a smaller down payment. Here are some benefits to putting less than 20% down:

More cash on reserve for emergencies
Likely to become a homeowner faster, since you won't have to save as much cash
Greater financial cushion for your lifestyle