Clayton Homes Mortgage Calculator – Estimate Payments

This mortgage calculator helps you estimate your monthly mortgage payments for Clayton Homes.

Clayton Homes Mortgage Calculator

Use this comprehensive mortgage calculator to estimate your monthly mortgage payments, including principal, interest, property taxes, and homeowners insurance. Fill in the fields with your home price, down payment, loan term, annual interest rate, annual property tax rate, and annual homeowners insurance. Click the “Calculate” button to get your monthly mortgage payment.

How to Use

  • Home Price: Enter the total price of the home.
  • Down Payment: Enter the amount you will pay upfront.
  • Loan Term: Enter the duration of the loan in years.
  • Annual Interest Rate: Enter the yearly interest rate percentage.
  • Annual Property Tax Rate: Enter the annual property tax as a percentage of the home price.
  • Annual Homeowners Insurance: Enter the yearly cost of homeowners insurance.
  • Click the “Calculate” button to get the monthly mortgage payment.


The calculator combines the principal and interest payments with monthly property taxes and homeowners insurance to provide a total monthly payment. The formula used is:

Monthly Principal & Interest = (loan amount * monthly interest rate * (1 + monthly interest rate)^loan term months) / ((1 + monthly interest rate)^loan term months – 1)

The result is added to monthly property tax and home insurance to get the total monthly payment.


This calculator offers an estimate and does not account for additional homeownership costs such as HOA fees, maintenance costs, or variations in property tax rates. Always consult with a mortgage advisor for the most accurate assessment of your potential mortgage costs.

Use Cases for This Calculator

Calculate Monthly Mortgage Payments

Enter the home price, down payment, loan term, and interest rate to calculate your estimated monthly mortgage payment. The calculator will break down the principal and interest portions of the payment for better understanding.

Estimate Total Interest Paid

By inputting the loan details, you can see the total amount of interest you will pay over the life of the loan. Knowing this figure helps you evaluate the overall cost of borrowing and plan your finances accordingly.

Determine Affordability Threshold

Adjust the home price and down payment values until you reach a monthly payment amount that fits your budget. This feature helps you set a realistic price range and down payment goal when shopping for a home.

Compare Loan Term Options

Explore different loan term lengths to see how they impact your monthly payments and total interest paid. This comparison allows you to choose a term that aligns with your financial goals and timeline.

Analyze Impact of Interest Rate Changes

Experiment with varying interest rates to see how they affect your monthly payments and the total cost of the loan. Understanding this impact prepares you for potential rate fluctuations in the market.

Plan for Extra Payments

Use the calculator to see how additional payments towards the principal can shorten the loan term and reduce the total interest paid. This feature empowers you to strategize and accelerate your path to mortgage freedom.

Factor in Property Taxes and Insurance

Include estimated property taxes and insurance costs in your calculations to get a more accurate picture of your monthly housing expenses. This comprehensive view helps you budget effectively for all homeownership expenses.

Generate Amortization Schedule

View a detailed amortization schedule that outlines each month’s payment breakdown into principal and interest components. This schedule provides transparency and insight into the loan repayment process over time.

Save and Print Results

Save your calculated results for future reference or print them out for discussions with lenders or real estate agents. Having this information handy streamlines your mortgage planning and decision-making process.

Access on Multiple Devices

Enjoy the convenience of using the Clayton Homes Mortgage Calculator on various devices like desktops, laptops, tablets, and smartphones. This responsive design ensures seamless access wherever you are, making it easy to perform calculations on the go.

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