Estimate the principal-and-interest portion of your mortgage payment. Compare 15-year vs 30-year terms and see how a quarter point of APR moves the total cost.
Estimates are for illustration only and assume a fixed-rate, fully-amortizing loan. Actual APR, fees, and payments depend on your lender, credit profile, and state. Kreditify is a loan comparison service, not a lender.
We use the standard amortization formula M = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is your monthly rate (APR ÷ 12) and n is the number of monthly payments. A $300,000 mortgage at 6.75% APR over 360 months works out to roughly $1,946 per month.
APR bundles the interest rate with most lender fees, so it is the fairest number to compare offers with. Mortgage APRs on Kreditify typically fall between 3% and 12%, driven mainly by your credit profile, income stability, and the term you pick.
Stretching the term lowers the monthly payment but raises the total interest, because you owe the balance for longer. Run the same amount at 120 and 360 months to see both sides of that trade before you commit.
Origination fees deducted at funding, late fees, insurance add-ons, escrow, and taxes are excluded. Treat the result as a planning estimate, then confirm the exact figures on your lender's disclosure before signing.
Next step: compare mortgage programs and today's rates from licensed lenders.
Compare Mortgage Loans$50,000–$1,500,000 · soft-pull rate check, no credit score impactLocal APR bands, lender availability, and payment examples for the states where mortgage demand is highest.