Second Home Mortgage Calculator
Calculate mortgage payments for vacation homes and second properties
Second Home Mortgage Calculator
Calculate monthly payments for second home purchases
Use our mortgage calculator to determine your second home payment
Go to CalculatorSecond Home Mortgage Considerations
Important factors when financing a second home
Higher Down Payment
Second homes typically require 10-20% down payment, often more than primary residences.
Interest Rates
Expect slightly higher interest rates compared to primary residence mortgages, usually 0.25-0.50% higher.
Debt-to-Income Ratio
Both mortgages count toward your DTI ratio. Lenders typically cap DTI at 43-45% for all mortgages combined.
Benefits
- Tax deductions available
- Vacation property access
- Potential rental income
- Long-term investment
Additional Costs
- Property taxes
- Home insurance
- Maintenance costs
- HOA or management fees
Calculate Your Second Home Mortgage
Use our calculator to determine your monthly payment for a second home mortgage.
Start Calculating