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Mortgage Payment

Home Price$565,000
Down Payment20%
Interest Rate6.60%
Property Tax (yr %)1.10%
Home Insurance (yr)$1,500/yr
HOA (monthly)$0/mo
Total Monthly Payment
$2,886
Principal & Interest$2,313
Property Tax$518
Insurance$125
PMI$0
HOA$0
Loan Amount$452,000

Refinance Calculator

Current Loan Balance$420,000
Current Rate7.50%
Years Left on Current Loan27 yrs
New Rate6.10%
New Term30 yrs
Closing Costs$6,000
Monthly Savings
$391/mo
Now
$2,936
New
$2,545
Break-even point16 months
Net lifetime savings$134,760

Break-even is when accumulated monthly savings exceed your closing costs. We'll confirm exact figures with a custom quote.

Affordability Calculator

Annual Household Income$140,000/yr
Monthly Debts$650/mo
Down Payment Available$80,000
Interest Rate6.60%
Target DTI43%
You Could Afford a Home Up To
$615,000
Estimated loan amount$535,000
Est. monthly payment (PITI)$3,766
Monthly housing budget$4,366

Lenders use front-end and back-end DTI ratios. This estimate uses your target back-end DTI with ~1.5% combined tax + insurance.

FHA Loan Calculator

Home Price$450,000
Down Payment (min 3.5%)3.5%
Interest Rate6.31%

FHA adds a 1.75% upfront MIP (financed) and an annual MIP (~0.55%/yr). Great for credit scores from 580.

Estimated Monthly Payment
$3,047
Base loan amount$434,250
Upfront MIP (1.75%, financed)$7,599
Total loan amount$441,849
Principal & Interest$2,737
Monthly MIP$199
Taxes + Insurance (est.)$563

VA Loan Calculator

Home Price$565,000
Down Payment (0% allowed)0%
Interest Rate6.18%

No PMI, ever. The VA funding fee can be financed into the loan; some veterans are exempt.

Estimated Monthly Payment
$4,034
Base loan amount$565,000
Funding fee (financed)$12,148
Total loan amount$577,148
Principal & Interest$3,524
Taxes + Insurance (est.)$706

Investment Property ROI

Purchase Price$450,000
Down Payment35%
Interest Rate7.45%
Monthly Rent$3,800/mo
Operating Expenses (% of rent)30%
Closing / Rehab Costs$15,000
Monthly Cash Flow
$63/mo
5.6%Cap Rate
0.4%Cash-on-Cash
1.03DSCR
Net operating income$25,170/yr
Monthly debt service (P&I)$2,035

Lenders typically want a DSCR ≥ 1.25 for the best terms. Ask us about DSCR programs that qualify on the property's income.

Down Payment Planner

Target Home Price$565,000
Down Payment Goal20%
Already Saved$40,000
Months to Save24 months
Save Per Month to Hit Your Goal
$3,460
35% saved
Down payment amount$113,000
Est. closing costs (2%)$11,300
Total cash to close$124,300
Resulting loan amount$452,000

Amortization Schedule

Loan Amount$452,000
Interest Rate6.60%
Monthly Payment
$2,886
Total interest paid$586,000
Total of payments$1,038,000
YearPrincipalInterestBalance

Debt-to-Income (DTI)

Gross Monthly Income$11,667/mo
Proposed Housing Payment$2,886/mo
Other Monthly Debts$650/mo

Front-end = housing ÷ income. Back-end = (housing + debts) ÷ income. Most programs like back-end ≤ 43%.

Front-End DTI
24.7%
Back-End DTI
30.3%
Front-end
Back-end

Excellent — well within guidelines for most programs.

Rent vs. Buy

Home Price$565,000
Down Payment20%
Interest Rate6.60%
Monthly Rent (today)$2,600/mo
Years You’ll Stay7 yrs

Assumes ~3% annual home appreciation, 3% rent growth, 1% maintenance, and 6% selling costs.

Over 7 years, buying wins by
$48,000
Net cost to buy$0
Net cost to rent$0
Equity built$0
Projected home value$0

Extra Payment / Early Payoff

Loan Amount$452,000
Interest Rate6.60%
Extra Monthly Payment$200/mo
Interest You’ll Save
$0
New payoff time
Time saved
Base monthly P&I$0
New monthly payment$0

Closing Cost Estimator

Home Price$565,000
Down Payment20%
Interest Rate6.60%
Discount Points0.00 pts

Estimates only. As a broker we disclose exact costs on your official Loan Estimate; some fees may be lender- or seller-paid.

Estimated Cash to Close
$0
Down payment$0
Lender / origination (est.)$0
Title & escrow$0
Appraisal$0
Inspection, credit & admin$0
Recording & transfer$0
Prepaids (taxes, ins, interest)$0
Discount points$0
Total closing costs$0

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