Calculator

Purchase Calculator

What is most important to you?

Current Loan

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Mortgage Amount

Enter the amount of the actual mortgage after down payment.

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Interest Rate

Enter the interest rate of the original Mortgage.

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Loan Term

Enter the number of years of your original Mortgage.

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Mortgage Start Date

Choose the month and year your original mortgage started.

New Loan

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Mortgage Amount

Enter your current mortgage balance.

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Cash Out Amount

Enter the amount of Cash Out you are taking on your new mortgage.

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Refinancce Costs

Enter the amount of fixed refinance costs (Points/Fees).

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New Loan Amount

The new loan amount after cash out and refinance costs.

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Interest Rate

Enter the current Market Rate.

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Loan Term

Enter the number of years of the Mortgage.

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Mortgage Start Date

Choose the month and year the new mortgage will start.

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Include Refinance Costs

Will Refinance costs be included in the new loan?

informationMortgage Information

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Home Price

Enter the amount of the home's value.

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Down Payment

Enter the amount or percentage of the down payment.

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Mortgage Amount

Enter the amount of the actual mortgage after down payment.

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Interest Rate

Enter the current Market Rate.

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Loan Term

Choose the number of years of the Mortgage.

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Mortgage Start Date

Choose the month and year the mortgage will start.

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PMI Rate

Private Mortgage Insurance (PMI) protects the lender from losing money if you default on the loan. Most mortgages with a down payment of less than 20% require PMI. his is an estimate based on the details above. PMI can vary significantly based on several factors.

Optional Information

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Home Insurance

Enter the annual amount of insurance.

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Annual Tax Amount

Enter the annual tax amount.

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HOA Dues

Enter the annual HOA dues.

informationBuying Assumptions

informationRenting Assumptions

All Payment $458,511.57 Total Loan Amount $200,000.00 Total Interest Paid $186,511.57

Payment Breakdown

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Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

$1,273.64

per month

  • Principal & Interest ($1,073.64)
  • Taxes ($100.00)
  • Insurance ($100.00)
  • HOA Dues ($0.00)
  • PMI ($0.00)
  • Extra Payment ($0.00)
  • Monthly Payment
  • Total Payment
  • Home Value: $200,000.00
  • Mortgage Amount: $200,000.00
  • Monthly Principal & Interest: $1,073.64
  • Monthly Extra Payment: $0.00
  • Monthly Property Tax: $100.00
  • Monthly Home Insurance: $100.00
  • Monthly PMI (Until November, 2033):$0.00
  • Monthly HOA Fees: $0.00
Savings $0 Payment Amount $1,273.64 Shorten Loan Term By -

Early Payoff Strategy

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Early Payoff Strategy

Add an extra payment and see how many months you can eliminate on the back end of the loan.

Lump Sum Payment

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Lump Sum Payment

Shorten your loan term by paying a lump sum all to principal.

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