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NerdWallet’s PMI Calculator uses your home price, down payment, mortgage interest rate, mortgage insurance rate and loan term, among other things. Use our free mortgage calculator to quickly estimate what your new home will cost. Mortgage Prequalification Calculator – NerdWallet. The average interest rate on the 30-year fixed-rate mortgage has been under 3% since early September, according to NerdWallet's daily rate survey. Enter the price of the home you want to buy or an estimate of how much house you can afford. Mortgage prequalification is an informal evaluation of your creditworthiness and how much home you can afford. Check out the web's best free mortgage calculator to save money on your home loan today. Mortgage calculator How much house can I afford? Estimate your monthly payments with PMI, taxes, homeowner's insurance, HOA fees, current loan rates & more. How to use the conventional mortgage calculator. 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