Before you start your home search, buyers need to fully understand their budget and learn how much they are pre-qualified for. Becoming pre-approved is the very first step you should do in the home search process. Whether you are comparing buying vs renting, purchasing, or refinancing, the below mortgage calculator can give you an estimated monthly mortgage payment breakdown. Within the mortgage calculator, buyers can add in their loan amount, interest rate, and length of their loan to get a ballpark on their monthly payment. In order to get a more exact breakdown, contact MVP as they can add in other fields like zip code, credit score, property tax, home owner’s insurance, and potential HOA fees!