Mortgage & Home Loan Tools
One loan decision touches rate, term, down payment, points, PMI, taxes, insurance, and future options. These calculators let you isolate each variable and compare realistic scenarios quickly.
Choose the right calculator
Mortgage Calculator
Monthly P&I, total interest, effect of price, down, rate, term.
Extra Payments
See months and interest saved from extra monthly or one-time payments.
Biweekly Payments
One extra payment per year effect via 26 half-payments.
Points Break-Even
When discount points pay for themselves via lower rate.
ARM vs Fixed
Intro rate period vs fixed for the full term.
Amortization Schedule
Year-by-year principal, interest, and remaining balance.
Payoff Date
Calendar date you finish given current balance, rate, payment.
Recast
Lower payment after a lump-sum principal reduction (no refinance).
PMI Cost
Monthly private mortgage insurance impact when down payment < 20%.
PMI Removal
When LTV typically lets you request PMI cancellation.
FHA Loan
Upfront + monthly MIP, taxes, insurance included.
VA Loan
Funding fee, no monthly PMI, taxes and insurance.
Buyer Closing Costs
Cash to close: down payment + fees + prepaids - credits.
Seller Net Sheet
Proceeds after payoff, commissions, concessions, liens.
Debt-to-Income (DTI)
Front-end and back-end ratios lenders review.
Loan-to-Value (LTV)
LTV, CLTV, equity dollars and percent.
Cash-Out Refinance
New LTV, cash received, payment change, and cost impact.
Refi vs Extra Payments
Compare refinance savings vs simply paying extra on current loan.
Refinance Break-Even
Months to recover refinance costs from lower payment.
2-1 Buydown
Temporary rate buydown for first two years.
HELOC Payment
Interest-only and amortizing draw/repay phases.
Home Equity Loan vs HELOC
Fixed vs variable rate second liens.
APR vs Interest Rate
True borrowing cost including fees.
Rent vs Buy
Long-term cost comparison across years.
Home Affordability
Price you can realistically carry given income and debts.
Worked scenario
$420,000 home, $84,000 down (20%), 6.875% rate, 30-year fixed.
- Base monthly P&I ≈ $2,210. Use the Mortgage Calculator for exacts and total interest over 30 years.
- Adding $300/mo extra typically saves 6–8 years and tens of thousands in interest. Model it in Extra Payments.
- Buying 1 point (≈ $3,360) might drop rate ~0.25%. Check break-even months in Points Break-Even.
- If you later receive a bonus, a recast can lower the payment without refinancing. See Mortgage Recast.
Taxes, insurance, HOA, and PMI (if any) are extra and vary by location and lender.
Key concepts at a glance
- LTV and PMI
- Loan-to-value over ~80% usually triggers PMI. Dropping below 80% (or 78% in some cases) lets you request removal. See PMI Removal and LTV tools.
- Points vs rate
- Points are prepaid interest. They lower your rate but increase cash at closing. Break-even depends on how long you keep the loan.
- Recast vs refinance
- Recast keeps your current rate and loan; you just pay down principal and the servicer recalculates the payment. No new closing costs or credit pull.
- FHA vs conventional
- FHA has upfront + monthly MIP that can last the life of the loan unless you refinance. Conventional PMI can usually be removed once you hit the threshold.
- Extra payments strategy
- Consistent extra monthly beats most one-time lumps for interest saved. Biweekly payments are equivalent to one extra payment per year.
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