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Calculate the monthly principal and interest payment of a mortgage loan.
See your monthly payment options using different mortgage buydown programs.
Find out how much you can afford based on your current monthly income and expenses.
Calculate the monthly principal and interest payment of a refinance mortgage loan.
Use this calculator to see if refinancing your mortgage makes sense for your situation.
See how much you can save by consolidating your debts into one loan.
Use this calculator to calculate the Debt Service Coverage Ratio for an investment property.
Use this calculator discover your potential tax savings when you buy a new home.
See how much you can save by making additional monthly principal pre-payments.
Use this calculator to help you determine if you should rent or buy a home.
Calculate your monthly payment and view an amortization schedule of your loan.
Use this calculator to see the difference between a 15 year and a 30 year mortgage.
Monthly Payment Results | |
|---|---|
| Principal & Interest | $1,991.01 |
| Homeowner's Insurance | $160.42 |
| Private Mortgage Insurance Premium | $99.75 |
| Property Taxes | $350.00 |
| HOA Fee | $0.00 |
| Total Monthly Payment | $2,601.18 |
| Year | Rate | Payment | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| 1 | 3.5% | $1,347.13 | $549.07 | $6,588.84 |
| 2 | 4.5% | $1,520.06 | $376.15 | $4,513.78 |
| 3 | 5.5% | $1,703.37 | $192.84 | $2,314.04 |
| 4 | 6.5% | $1,896.20 | $0.00 | $0.00 |
| Buydown Total Cost: $13,416.66 | ||||
Results | |
|---|---|
| Home Value | $177,196.12 |
| Maximum Loan Amount | $177,196.12 |
| Down Payment | $0.00 |
| Principal & Interest | $1,120.00 |
| PMI | $56.11 |
| Property Tax | $250.00 |
| Insurance | $80.00 |
| Total Monthly Payment | $1,506.11 |
Monthly Payment Results | |
|---|---|
| Principal & Interest | $1,896.20 |
| Homeowner's Insurance | $160.42 |
| Private Mortgage Insurance Premium | $95.00 |
| Property Taxes | $350.00 |
| HOA Fee | $0.00 |
| Total Monthly Payment | $2,501.62 |
Current Loan
New Loan
Results | |
|---|---|
| Current Loan | |
| Monthly Principal and Interest | $2,522.56 |
| Monthly Insurance | $160.42 |
| Monthly Property Tax | $350.00 |
| Monthly HOA | $0.00 |
| Total Monthly Payment | $3,032.98 |
| Remaining Interest | $608,122.54 |
| New Loan | |
| Mortgage Amount | $300,000.00 |
| Monthly Principal and Interest | $1,896.20 |
| Monthly Insurance | $160.42 |
| Monthly Property Tax | $350.00 |
| Monthly HOA | $0.00 |
| Total Monthly Payment | $2,406.62 |
| Remaining Interest | $382,633.47 |
| Interest Saved | $225,489.08 |
Consolidated Loan Info
Results | |
|---|---|
| Current Monthly Payments | $716.12 |
| Monthly payment after Consolidation | $1,896.20 |
| Monthly Savings | $-1,180.08 |
| Interest | 6.5% |
Monthly Payment Results | |
|---|---|
| Principal & Interest | $1,991.01 |
| Homeowner's Insurance | $160.42 |
| Property Taxes | $350.00 |
| HOA Fee | $0.00 |
| Total Monthly Payment | $2,501.43 |
| DSCR | 1.599 |
Tax Savings | |
|---|---|
| Year 1 Tax Savings | $3,962.00 |
| Year 2 Tax Savings | $2,800.00 |
| Year 3 Tax Savings | $2,800.00 |
| Year 4 Tax Savings | $2,800.00 |
| Year 5 Tax Savings | $2,800.00 |
| Total Tax Savings | $74,637.08 |
Results | |
|---|---|
| Normal Monthly Principal & Interest | $1,896.20 |
| Monthly Insurance | $160.42 |
| Monthly Property Tax | $350.00 |
| Monthly HOA | $0.00 |
| PMI | $95.00 |
| Extra Principal Payment | $100.00 |
| Total Monthly Payment | $2,501.62 |
| Normal Total Interest | $382,633.47 |
| Pre-Payment Total Interest | $321,638.68 |
| Total Interest Savings | $60,994.79 |
| Time Saved | 4 years |
Results | |
|---|---|
| Current House Value | $143,297.93 |
| Total Loan Interest | $144,505.27 |
| Loan Lifetime Payments | $257,803.20 |
| Estimated House Value after 30 years | $402,207.73 |
| Tax Savings on Interest | $40,461.48 |
| Estimated Return on Investment after 30 years | $346,747.55 |