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Mortgage & Home Loans · Essentials & Buying a Home

First-Time Homebuyer Calculator

Full monthly payment, down payment and cash needed to close on a first home purchase.

  • Free to use here · embed on the Free plan
  • 8 inputs · 9 results
  • English & Spanish

Try the First-Time Homebuyer Calculator

Plan your first home purchase — results update as you type.

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Estimates only — not a loan offer or financial advice.

Put this calculator on your website

What this calculator does

What the First-Time Homebuyer calculator works out

The First-Time Homebuyer Calculator is a free, embeddable calculator from CalcFunnel. Full monthly payment, down payment and cash needed to close on a first home purchase.

You enter 8 inputs: home price, down payment (%), interest rate (%), loan term (years), property tax rate (%/yr), PMI rate (%/yr), closing costs (% of price) and home insurance (yearly).

It returns total monthly payment, principal & interest, property tax, insurance, PMI and down payment needed, plus 3 more figures.

Built for loan officers, brokers and homebuyers. Embedding it on your own website is included on the Free plan (free forever for up to 5 calculators on one domain), as part of the Mortgage & Home Loans category.

Results it shows

  1. 01Total Monthly Payment
  2. 02Principal & Interest
  3. 03Property Tax
  4. 04Insurance
  5. 05PMI
  6. 06Down Payment Needed
  7. 07Closing Costs
  8. 08Cash Needed at Closing
  9. 09Loan Amount

The first figure — total monthly payment — is the headline result.

Inputs

The inputs it uses

Each field below comes straight from the calculator, with the same help text visitors see when they hover the info icon.

Purchase Details

Home Price
The purchase price of the home you want to buy.
Down Payment (%)
Your down payment as a percentage of the home price. A larger down payment reduces your loan and monthly payment.

Loan Terms

Interest Rate (%)
The annual interest rate on your mortgage. Even a small change noticeably affects the monthly payment.
Loan Term (years)
How many years you have to repay the loan. A shorter term means higher monthly payments but less total interest paid.

Taxes & Insurance

Property Tax Rate (%/yr)
Your local annual property tax rate as a percentage of the home value. This is added to your monthly payment estimate.
PMI Rate (%/yr)
Private mortgage insurance on a conventional loan, charged yearly as a % of the loan while your down payment is under 20%. It is dropped automatically once you reach 22% equity.
Closing Costs (% of price)
Lender fees, title, appraisal and prepaid items due at closing — typically 2% to 5% of the price.
Home Insurance (yearly)
Your annual homeowners insurance premium. Lenders require this coverage and it is typically collected with your monthly payment.

For your website

Embed this calculator on your website

Put the First-Time Homebuyer Calculator on your own site with your colors, copy and lead form. Every calculation can arrive in your CRM with the numbers attached.

Works on WordPress, Wix, Squarespace, Webflow, Shopify, GoHighLevel and plain HTML — paste one line into an HTML or code block. No plugin needed.

Start free How embedding works

Free plan, no card. 14-day trial on Pro & Business.

  1. Inline on any pagePaste the snippet where the calculator should appear. It fills the width of its container and resizes to fit its content.
  2. Popup buttonA button sits on your page; visitors click it and the calculator opens in a popup.
  3. Floating corner widgetPaste once — or in your site-wide footer code — to show a floating calculator bubble in the corner of every page.
  4. Open from your own link or buttonGive any existing link, button or image a class and it opens the calculator when clicked.
  5. Direct linkA full-page link to the calculator for emails, social posts, QR codes or a menu item.

FAQ

First-Time Homebuyer calculator FAQs

Still stuck? Ask the team — we reply within one business day.

Q.01What does the First-Time Homebuyer Calculator calculate?
Full monthly payment, down payment and cash needed to close on a first home purchase. It returns total monthly payment, principal & interest, property tax, insurance, PMI and down payment needed, plus 3 more figures.
Q.02What information do I need to use the First-Time Homebuyer Calculator?
You enter 8 inputs: home price, down payment (%), interest rate (%), loan term (years), property tax rate (%/yr), PMI rate (%/yr), closing costs (% of price) and home insurance (yearly). Every input starts with a sensible default, so you can change only what you know.
Q.03What does “Home Price” mean in the First-Time Homebuyer Calculator?
The purchase price of the home you want to buy.
Q.04What does “Down Payment (%)” mean in the First-Time Homebuyer Calculator?
Your down payment as a percentage of the home price. A larger down payment reduces your loan and monthly payment.
Q.05Is the First-Time Homebuyer Calculator free to use?
Yes — you can use it on this page for free, without an account. Embedding it on your own website is included on the Free plan (free forever for up to 5 calculators on one domain), as part of the Mortgage & Home Loans category. Compare plans.
Q.06Can I embed the First-Time Homebuyer Calculator on my website?
Yes. Embed it inline, as a popup button, as a floating corner widget, from your own link or button, or share a direct link. It works on WordPress, Wix, Squarespace, Webflow, Shopify, GoHighLevel and plain HTML sites with one line of code — see embedding.
Q.07Is the First-Time Homebuyer Calculator available in Spanish?
Yes. Labels, tooltips and result names are available in English and Spanish, and visitors can switch language in the calculator.
Q.08Can the calculator capture leads?
Yes. It can end with a lead form, a Get a Quote form, a Share panel or a button to any URL. Leads are saved with the inputs and results attached and can be forwarded to your CRM by webhook.
Q.09Are the First-Time Homebuyer results financial advice?
No. Estimates only. Down payment requirements, rates and first-time buyer programs vary by lender and location. Confirm eligibility and final figures with a licensed lender.

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Your website does the math. You get the lead.

The First-Time Homebuyer Calculator is one of 188 calculators you can brand and embed with one line of code.

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  • 14-day trial on Pro & Business
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