Mortgage Payment Calculator
Estimate your monthly payment in seconds. Adjust the sliders to explore different scenarios — then talk to George to get the real numbers.
Loan Details
Include in estimate
Estimated Monthly Payment
$2,972
/month
Payment Breakdown
This calculator provides estimates for informational purposes only. Actual rates and payments depend on your credit profile, loan type, and current market conditions. Contact George for a personalized quote.
Get Your Real Rate from GeorgeHow George Uses This Tool
A Calculator Is a Starting Point. A CPA-Mortgage Advisor Is the Strategy.
Every client conversation George has starts with a number — usually the monthly payment a buyer has in mind. The calculator above gets you to that number quickly. What happens next is where the real value is.
Establish Your Comfort Zone
George starts by asking what monthly payment feels manageable — not just what you qualify for. There is often a meaningful gap between the two, and understanding your personal threshold before you start shopping prevents the stress of falling in love with a home you can technically afford but that stretches you too thin.
Model Multiple Scenarios Side by Side
A 30-year loan at 7% looks very different from a 20-year loan at 6.75% — even at the same home price. George runs these comparisons in real time so you can see exactly how a rate buydown, a larger down payment, or a shorter term affects your monthly payment and total interest paid over the life of the loan.
Factor In the Tax Picture
As a CPA, George looks at your mortgage through a tax lens that most loan officers never consider. Mortgage interest deductibility, property tax deductions, and the interaction between your loan structure and your overall tax liability can meaningfully affect the true cost of your mortgage. This is a conversation you cannot have with a calculator.
Connect the Payment to Your Pre-Approval
Once you have a payment range you are comfortable with, George works backward to determine the loan amount, home price range, and down payment strategy that gets you there — and issues a pre-approval letter that reflects your actual buying power, not just a theoretical maximum.
Common Questions
What is not included in this estimate?
HOA fees, private mortgage insurance (PMI — required when your down payment is under 20% on a conventional loan), and closing costs are not included. George can walk you through the complete cost picture during a free consultation.
What credit score do I need for a mortgage in Maryland?
Conventional loans typically require a 620 or higher credit score. FHA loans allow scores as low as 580 with 3.5% down. VA loans have no minimum set by the VA, though most lenders look for 620 or above. George can review your credit profile and recommend the best loan program for your situation.
How accurate is this calculator?
It uses standard amortization math with estimated property tax (1.2% of home value) and homeowners insurance (0.5% of home value) rates typical for Anne Arundel County. Your actual payment will vary based on your specific loan terms, exact tax assessment, insurance policy, and lender fees. Contact George for a precise quote.
Should I choose a 15-year or 30-year mortgage?
A 30-year mortgage offers lower monthly payments and more cash flow flexibility. A 15-year mortgage has higher monthly payments but you pay significantly less total interest and build equity faster. Use the loan term slider above to compare both scenarios side by side, then discuss with George which fits your financial goals.
Can I use this calculator for a refinance?
Yes. Enter your remaining loan balance as the home price, set the down payment to 0%, and enter the new rate and term you are considering. This gives you an estimate of your new monthly payment. George can run a full refinance analysis to show your break-even point and long-term savings.
What are current mortgage rates in Maryland?
Mortgage rates change daily and vary based on your credit score, loan type, down payment, and loan term. George N. Matthews can provide a personalized rate quote at no cost. Call (410) 599-9700 or use the contact form to get a current rate for your specific situation.
Ready for the Real Numbers?
The Calculator Shows the Estimate. George Shows You the Strategy.
A mortgage payment is just one number. George looks at your tax situation, your income structure, your long-term goals, and the current rate environment — and builds a mortgage strategy that fits your life, not just your loan application.
No cost. No obligation. Just a clear-eyed look at your options.
20+
Years of Mortgage Experience
CPA
Licensed & Active
10
States Licensed