Monthly Payment Calculator

Enter your details into our mortgage refinance and home equity loan calculator to explore home financing options that fit in your budget. 

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Information Icon How we calculate your results

Great! Based on your information, you may qualify for the rate and monthly payment options below.

Home Equity Loan

Loan amount

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APR

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Monthly payment & term options

Mortgage Refinance

Loan amount

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APR

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Monthly payment & term options

We’re unable to find an option for you based on your information.

Discover Home Loans offers loans between $35,000 and $300,000
up to 90% combined loan-to-value (CLTV) for
qualified borrowers. Based on the information you submitted, 
your CLTV ratio is outside of our loan guidelines.
Use our loan amount calculator to determine the amount 
you may be eligible to borrow. 

We're working behind the scenes to update this calculator. Please try back later.

Trying to decide on how much you’d like to borrow? Enter details into our loan amount calculator.

Monthly payment calculator questions & answers

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A monthly payment calculator estimates the amount you'll pay every month on a new home loan or refinance. Our calculator compares the monthly payment amounts and loan term options you might qualify for if you apply for a home equity loan or mortgage refinance from Discover® Home Loans. As a result, you could choose the right home financing product for your circumstances.

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Simply fill out the required fields in the calculator above to see estimated monthly payments and other information. You'll need to enter your desired loan amount, estimated home value, current mortgage balance, credit score range, and state. Click "Calculate" to see your results.

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A mortgage refinance replaces your existing home loan with another one, typically with a different interest rate and term. A home equity loan is typically a second mortgage that lets you withdraw cash from your home equity.

 

Discover offers mortgage refinance and home equity loan products. You can use the mortgage refinance and home equity loan calculator above to estimate monthly payments for both of these options.

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Our calculator is a self-help educational tool that estimates how much you might pay every month for a mortgage refinance or home equity loan from Discover. We cannot guarantee the calculator's accuracy.

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Your monthly payment is typically based on your interest rate, loan amount, loan term length, and other factors. Mortgage refinances and home equity loans with longer terms may have lower monthly payments than those with shorter terms.

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In addition to the mortgage refinance and home equity loan payment calculator above, Discover has other resources that help you find the right home financing product:

 

Interactive calculators and information are intended as self-help tools for your independent use and are for educational purposes only. Results are estimates, and we cannot guarantee their accuracy or applicability to your specific circumstances.