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Ridgeline Mortgage Partners

Real mortgages. Real people. Real work.

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Payment Calculator

Calculate your monthly mortgage payment

See Your Numbers

Find out what your payment will be

Plug in your loan amount, interest rate, and loan term to see your estimated monthly payment. This calculator shows principal and interest only. Your actual payment includes property taxes, homeowners insurance, and possibly mortgage insurance, which vary by location and your down payment. Use this to get a baseline number for budgeting.

20% of the home price

Calculator results are estimates provided for illustrative purposes only and may not reflect actual loan terms. This is not a commitment to lend, a preapproval, or an offer of credit. Actual rates, payments, and costs depend on credit approval, satisfactory appraisal, and underwriting guidelines. Consult a licensed loan officer for details.

Your monthly mortgage payment depends on three things: the amount you borrow, the interest rate you lock, and how many years you take to pay it back. The longer the term, the lower the monthly payment but the more interest you pay overall. The shorter the term, the higher the monthly payment but you build equity faster and pay less interest. Your down payment and credit profile affect the rate you qualify for. Property taxes and insurance vary dramatically by location. Get pre-approved to see what you actually qualify for and what your total payment will really be.

What affects your payment

Your monthly payment isn't just interest and principal. These factors add up to what you actually owe each month.

  • Principal and Interest

    This is the core of your payment. Principal pays down the loan balance. Interest is what the lender charges for lending you money. Together they make up the largest part of your monthly payment.

    Explore purchase loans

  • Property Taxes and Insurance

    Most mortgages include property taxes and homeowners insurance in your payment through escrow. These vary widely by location and home value. We collect them monthly and pay them annually or semi-annually on your behalf.

    See refinance options

  • Mortgage Insurance

    If you put down less than twenty percent, mortgage insurance protects the lender in case you default. The premium is added to your monthly payment. Once you reach twenty percent equity, you can typically request it removed.

    Start your application

Ready to Buy

Get pre-approved and see your real numbers

The calculator gives you estimates. Pre-approval gives you facts. We'll verify your income, credit, and assets so you know exactly what you can afford and what your payment will actually be. Apply online now or call to speak with a loan officer.

Get Pre-Approved (opens in a new tab) Talk to a loan officer first

Pre-approval is typically completed within one business day.

Questions about your payment

Our loan officers can break down your complete monthly payment and explain how taxes, insurance, and other factors affect your budget.

Address

1200 Camelback Road
Suite 210
Nashville, TN 85014

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Hours

  • Monday to Friday 8:00 AM to 6:00 PM
  • Saturday 9:00 AM to 2:00 PM
  • Sunday Closed