Tools & Resources

Mortgage Calculator Center

Use one calculator or compare several. Purchase, qualification, refinance, home-equity and investor tools are grouped together so you can move from a question to the right worksheet without hunting around the site.

Choose a calculator 856-322-0233

Six independent planning views

Explore the payment—not just principal and interest

Each calculator has its own inputs and can be used independently. Enter estimates for the scenario you want to explore; no value is silently borrowed from another calculator.

1 · Full payment

Monthly housing payment

Estimate principal, interest and recurring property costs.

Home priceEnter the expected purchase price of the property.Down paymentEnter the cash you expect to apply toward the price.Interest rate (%)Enter an estimated annual rate for planning—not a quoted rate.Loan termChoose the number of years over which principal and interest are calculated.Annual property taxesEnter the estimated total property-tax bill for one year.Annual homeowners insuranceEnter the estimated homeowners-insurance premium for one year.Monthly mortgage insuranceEnter the estimated monthly MI payment, or zero if none is expected.Monthly association duesEnter monthly HOA or condominium dues, or zero if none apply.

Estimated loan amount$320,000Home price minus the down payment entered above.Principal & interest$2,023Estimated monthly principal-and-interest payment only.Estimated full housing payment$2,773Principal, interest, taxes, insurance, MI and association dues combined.

2 · Affordability

Purchase range

Work backward from income, debts and a planning debt-to-income percentage.

Gross monthly incomeEnter monthly income before taxes and deductions.Monthly non-housing debtsEnter recurring monthly debts such as auto, student-loan and credit-card payments.Planning DTI (%)Enter a hypothetical total debt-to-income percentage; this is not a program limit.Estimated interest rate (%)Enter an annual rate assumption for this affordability scenario.Loan termChoose the repayment term for this affordability estimate.Monthly taxes, insurance, MI and duesCombine the estimated recurring property costs that are not principal and interest.Available down paymentEnter the cash available to apply toward the purchase price.

Housing budget at selected DTI$3,550The monthly amount remaining for housing after the entered debts.Estimated purchase price$522,990A rough price supported by the entered payment assumptions and down payment.

A planning DTI is not a program limit. Income, debts and housing costs must be verified.

3 · Debt-to-income

Monthly DTI snapshot

This calculator is self-contained. Enter the housing payment, debts and income for the scenario you want to compare.

Gross monthly incomeEnter total qualifying income before taxes and deductions.Estimated monthly housing paymentEnter the full expected housing payment, including taxes, insurance, MI and dues.Other monthly debtsEnter recurring monthly obligations that would be included in a DTI review.

Total monthly obligations used$3,550The entered housing payment plus the other monthly debts.Estimated back-end DTI35.5%Total monthly obligations divided by gross monthly income.

Programs define qualifying income and debts differently. This ratio is illustrative.

4 · Refinance

Simple break-even

Estimate how long monthly payment savings take to equal upfront refinance costs.

Current monthly paymentEnter the payment you make now using the same components as the proposed payment.Proposed monthly paymentEnter the estimated new payment using comparable payment components.Upfront refinance costsEnter estimated lender and third-party costs paid to complete the refinance.

Monthly payment difference$400Current payment minus the proposed payment, floored at zero.Simple break-even15 monthsEstimated costs divided by monthly payment savings.

This simple comparison does not account for changed balances, terms, taxes, deductions or opportunity cost.

5 · Extra payment

Accelerated payoff

This calculator uses only the balance, rate, remaining term and extra amount entered here.

Current loan balanceEnter the principal balance that remains unpaid.Current interest rate (%)Enter the annual interest rate on the existing loan.Remaining loan termChoose the approximate number of years remaining on the loan.Extra monthly principalEnter the additional amount you may pay toward principal each month.

Potential time saved93 monthsThe estimated reduction in payoff time from the extra principal payments.Potential interest saved$122,994The estimated interest avoided by reducing the balance sooner.

Assumes the entered rate and scheduled payment remain unchanged and extra funds are applied to principal.

6 · Cash to close

Cash worksheet

Organize a rough estimate before receiving formal disclosures.

Down paymentEnter the portion of the purchase price you expect to pay at closing.Estimated closing costsEnter estimated lender and third-party transaction costs.Prepaids and initial escrowEnter estimated prepaid interest, insurance, taxes and initial escrow funding.Deposit already paidEnter earnest money or other eligible deposits already credited to the transaction.Eligible creditsEnter verified seller, lender or other credits expected to reduce cash due.

Estimated cash to close$89,500Down payment, closing costs and prepaids minus entered deposits and credits.

Actual cash to close comes from the final Closing Disclosure and can include additional adjustments.

Important: All results are illustrative estimates—not a rate quote, prequalification, approval, disclosure or commitment to lend. They do not pull credit or verify income, debts, assets, property costs or program eligibility.

Additional planning tools

Closing, consolidation and investor worksheets

These estimates are for education and scenario planning. Actual charges, qualifying calculations and investor rules come from current disclosures and program guidelines.

Purchase · Closing

Closing Cost & Cash-to-Close Estimator

Build a more detailed estimate of transaction costs, prepaids, escrows and funds needed.

Down paymentEstimated down payment due at closing.Lender / loan costsEstimated lender fees, points or other loan costs.Appraisal / valuationEstimated appraisal or valuation charges.Title / settlementEstimated title, settlement and closing-agent charges.Recording / government feesEstimated recording and government charges.PrepaidsEstimated prepaid interest, insurance and similar items.Initial escrow fundingEstimated initial tax and insurance escrow deposits.Deposit already paidEarnest money or other eligible deposit already credited.Seller / lender creditsEstimated eligible credits reducing cash needed.

Estimated closing costs$6,100Loan, appraisal, title and recording estimates entered above.Estimated cash to close$66,400Down payment + costs + prepaids/escrows − deposits and credits.

Illustrative only. Your official Loan Estimate and Closing Disclosure control actual mortgage charges and cash-to-close figures.

Refinance · Debt consolidation

Cost-Benefit & Cash-Flow Analyzer

Compare today’s combined housing/debt payments with a proposed refinance or equity structure.

Current housing paymentCurrent mortgage-related monthly payment using comparable components.Current monthly debts to addressCards, autos, personal loans or other debts considered in the comparison.Proposed housing paymentEstimated new first mortgage / home-equity payment structure.Debts remaining after transactionMonthly debts that would remain outside the proposed structure.Estimated transaction costsUpfront costs used for a simple break-even calculation.

Current combined monthly outflow$4,450Current housing payment plus debts entered above.Proposed combined monthly outflow$3,600Proposed housing payment plus remaining debts.Estimated monthly cash-flow change$850Positive means the proposed structure reduces monthly outflow.Simple cost break-even10 monthsEstimated transaction costs divided by monthly cash-flow improvement.

Lower monthly outflow does not automatically mean lower total borrowing cost. Moving shorter-term or unsecured debt into home-secured debt can extend repayment and increase long-run interest.

Investor · DSCR

DSCR Worksheet

Estimate property debt-service coverage from qualifying monthly rent and the housing expense used by the selected investor.

Qualifying monthly rentEnter the rent amount the applicable program would use for this scenario.Monthly housing expense used for DSCREnter the PITIA / association or other expense basis required by the selected investor.

Estimated DSCR1.25Qualifying monthly rent divided by the housing expense entered above.Monthly coverage difference$650Rent minus the entered monthly housing expense.

Investor DSCR definitions, rent calculations, vacancy treatment and minimum ratios vary. This worksheet does not establish eligibility or a universal minimum DSCR.