Calculator
Affordability Calculator
Conventional
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Summary:
Based on what you input into today your Total Payment would be on a Conventional Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 30.47%/60.47% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
FHA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly FHA Payment:
- Down Payment:
- FHA Loan Amount:
- Upfront MIP:
Summary:
Based on what you input into today your Total Payment would be on a FHA Loan with a 3.50% Down Payment. Your Debt-to-Income Ratio is 26.85%/56.85% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
VA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly VA Payment:
- Down Payment:
- VA Loan Amount:
- VA Funding Fee:
Summary:
Based on what you input into today your Total Payment would be on a VA Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 25.93%/55.93% and the maximum allowable on this program type is 65%/65%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
USDA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- USDA MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly USDA Payment:
- Down Payment:
- USDA Loan Amount:
- USDA Guarantee Fee:
Summary:
Based on what you input into today your Total Payment would be on a USDA Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 26.85%/56.85% and the maximum allowable on this program type is 29%/41%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
Jumbo
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Summary:
Based on what you input into today your Total Payment would be on a Jumbo Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 25.47%/55.47% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
Purchase
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
- Extra Payment
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly PMI (Until April, 2035):
- Monthly HOA Fees:
Early Payoff Strategy
Lump Sum Payment
Refinance
$
Total Interest Difference-$
$
Time to Recoup Fees-
Monthly Payment Comparison
Total Interest Comparison
Rent vs Buy
Results Summary
| Buying | Renting | |
|---|---|---|
| Cash Spent | $ | $ |
| Home value | -$ | -- |
| Balance on Loan | $ | -- |
| Closing costs on sale | $ | -- |
| Adjusted Net Cash Savings | $ | $ |
Out of Pocket Cost:
If you opt for homeownership of a property valued at $, your total expenses out of your pocket for years would add up to $. However, if you choose to rent instead, your overall expenditure would come to $, thus saving you $ (which also covers the down payment you would have otherwise made).
Financial Gain:
After years, if you choose to purchase the property, the value of equity in your home would be $, which you can access upon selling it.
Summary:
Based on the overall expenses incurred and the equity gained, it would be more advantageous for you to buy the property instead of renting, provided you intend to reside in the house for more than years.
VA Purchase
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- Extra Payment
Early Payoff Strategy
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly HOA Fees:
Lump Sum Payment
VA Refinance
$
Total Interest Difference-$
$
Time to Recoup Fees-
Monthly Payment Comparison
Total Interest Comparison
Debt-Service (DSCR)
Cap Rate
%
%
DSCRDeal Breakdown
- Loan Amount:
- Down Payment:
- Mortgage Payment:
- Monthly Payment:
- Origination Fee Amount:
Return Metrics
-
Cash Flow:
-
Cap Rate:
-
Cash on Cash Return:
-
DSCR:
Deal Metrics
- Total Closing Costs:
- Cash Needed to Close:
- Price Per Unit:
- Gross Rental Income:
- Operating Expenses:
- Net Operating Income:
Fix & Flip
Net Profit
%
Loan to After Repaired Value%
Deal Breakdown
- Loan Amount:
- Down Payment:
- Monthly Interest Payment:
- Total Interest Over Term:
- Origination Fee Amount:
- Other Closing Costs Amount:
- Cost To Sell Amount:
Return Metrics
- Net Profit:
- Loan to After Repaired Value:
- ROI:
Deal Metrics
- Closing Costs:
- Carrying Costs:
- Borrower Equity Needed:
- Total Cash In Deal:
Disclaimer:
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.
This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.
