How to use the mortgage calculatorUnder "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a refinancing calculator.Under "Down payment," enter the dollar amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). Or instead of entering a dollar amount, enter the down payment percentage in the window to the right. A down payment is the cash you pay upfront for a home, and home equity is the value of the home, minus what you owe.On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."You may enter your own figures for property taxes, homeowners insurance and homeowners association fees, if you don’t wish to use NerdWallet’s estimates. Edit these fig...
