Calculator Affordability Calculator Purchase Refinance Rent vs Buy VA Purchase VA Refinance Debt-Service (DSCR) Fix & Flip Affordability Calculator Conventional FHA VA USDA Jumbo Gross Income (Monthly) Monthly Debts Monthly Debts Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities. Home Price Down Payment $ % Loan Amount Loan Term Year Month Interest Rate Credit Score 620-639 640-659 660-679 680-699 700-719 720-739 740-759 760 and above Prop Tax ( Yearly ) $ % Homeowners Insurance ( Yearly ) $ % PMI ( Yearly ) HOA Dues ( Monthly ) Gross Income (Monthly) Monthly Debts Monthly Debts Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities. Home Price Down Payment $ % Loan Amount Loan Term Year Month Prop Tax ( Yearly ) $ % Homeowners Insurance ( Yearly ) $ % Interest Rate HOA Dues ( Monthly ) Upfront MIP (%) Annual MIP (%) Annual FHA Duration Gross Income (Monthly) Monthly Debts Monthly Debts Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities. Home Value Down Payment $ % Base Mortgage Amount Loan Terms Year Month Payment Frequency Year Month Interest Rate This is my... First Time Use of a VA Loan I have used a VA loan before I am exempt from the VA funding fee VA Funding Fee Property Tax (Yearly) $ % Homeowners Insurance (Yearly) $ % Final Mortgage Amount HOA Dues ( Monthly ) First Payment Date Gross Income (Monthly) Monthly Debts Monthly Debts Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities. Home Price Down Payment $ % Loan Amount Loan Term Year Month Prop Tax ( Yearly ) $ % Homeowners Insurance ( Yearly ) $ % Interest Rate HOA Dues ( Monthly ) Gross Income (Monthly) Monthly Debts Monthly Debts Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities. Home Price Down Payment $ % Loan Amount Loan Term Year Month Interest Rate Prop Tax ( Yearly ) $ % Homeowners Insurance ( Yearly ) $ % PMI ( Yearly ) HOA Dues ( Monthly ) Home Value Down Payment $ % Mortgage Amount Loan Terms Year Month Interest Rate PMI (Yearly) $ % Property Tax (Yearly) $ % Homeowners Insurance (Yearly) $ % HOA Dues Per Month First Payment Date Extra Payment Per Month What is most important to you? Low Monthly Payment Lower Interest Paid Current Loan Original Loan Amount Mortgage Amount Enter the amount of the actual mortgage after down payment. Original Rate Interest Rate Enter the interest rate of the original Mortgage. Original Loan Term Loan Term Enter the number of years of your original Mortgage. Year Month Loan Start Date Mortgage Start Date Choose the month and year your original mortgage started. New Loan Current Loan Balance Mortgage Amount Enter your current mortgage balance. Cash Out Amount Cash Out Amount Enter the amount of Cash Out you are taking on your new mortgage. Refinance Costs Refinancce Costs Enter the amount of fixed refinance costs (Points/Fees). New Loan Amount New Loan Amount The new loan amount after cash out and refinance costs. New Rate Interest Rate Enter the current Market Rate. New Loan Term Loan Term Enter the number of years of the Mortgage. Year Month New Loan Start Date Mortgage Start Date Choose the month and year the new mortgage will start. Paying Refinance Costs Include Refinance Costs Will Refinance costs be included in the new loan? Include In Loan Pay Out of Pocket Mortgage Information Home Price Home Price Enter the amount of the home's value. Down Payment Down Payment Enter the amount or percentage of the down payment. $ % Loan Amount Mortgage Amount Enter the amount of the actual mortgage after down payment. Interest Rate Interest Rate Enter the current Market Rate. Loan Term Loan Term Choose the number of years of the Mortgage. Year Month Start Date Mortgage Start Date Choose the month and year the mortgage will start. PMI (Yearly) 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 Home Insurance Home Insurance Enter the annual amount of insurance. Taxes Annual Tax Amount Enter the annual tax amount. HOA Dues HOA Dues Enter the annual HOA dues. Buying Assumptions Marginal Tax Bracket Tax Bracket Enter your Marginal Tax Bracket. Annual Costs Annual Costs Enter the % of home value expected in costs per year. Selling Costs Closing Costs Enter an estimated closing costs %. Annual Appreciation Annual Appreciation Enter an estimated annual appreciation %. Renting Assumptions Monthly Rent Monthly Rent Enter the monthly rent amount. Renters Insurance Renters Insurance Enter an estimated annual renters insurance %. Rent Appreciation Rent Appreciation Enter an estimated annual rent appreciation %. Home Value Down Payment $ % Base Mortgage Amount Loan Terms Year Month Payment Frequency Year Month Interest Rate This is my... First Time Use of a VA Loan I have used a VA loan before I am exempt from the VA funding fee VA Funding Fee Final Mortgage Amount Property Tax (Yearly) $ % Homeowners Insurance (Yearly) $ % HOA Dues Per Month First Payment Date Extra Payment Per Month What is most important to you? Low Monthly Payment Lower Interest Paid Current Loan Original Loan Amount Mortgage Amount Enter the amount of the actual mortgage after down payment. Original Rate Interest Rate Enter the interest rate of the original Mortgage. Original Loan Term Loan Term Enter the number of years of your original Mortgage. Year Month Loan Start Date Mortgage Start Date Choose the month and year your original mortgage started. New Loan Current Loan Balance Mortgage Amount Enter your current mortgage balance. VA Refinance Purpose Cash Out Refinance Interest Rate Reduction (IRRL) Cash Out Amount Cash Out Amount Enter the amount of Cash Out you are taking on your new mortgage. Refinance Costs Refinancce Costs Enter the amount of fixed refinance costs (Points/Fees). This is my... First Time Use of a VA Loan I have used a VA loan before I am exempt from the VA funding fee VA Funding Fee New Loan Amount New Loan Amount The new loan amount after cash out and refinance costs. New Rate Interest Rate Enter the current Market Rate. New Loan Term Loan Term Enter the number of years of the Mortgage. Year Month New Loan Start Date Mortgage Start Date Choose the month and year the new mortgage will start. Paying Refinance Costs Include Refinance Costs Will Refinance costs be included in the new loan? Include In Loan Pay Out of Pocket Number of Units 1 2 3 4 Purchase or Refinance Purchase Refinance Property Value or Purchase Price Property Value or Purchase Price Enter the property Value or purchase Price. Unit 1 Monthly Rent Unit 1 Monthly Rent Enter the Unit 1 Monthly Rent. Annual Property Taxes Annual Property Taxes Enter the Annual Property Taxes. Annual Insurance Annual Insurance Enter the Annual Insurance. Monthly HOA Fee Monthly HOA Fee Enter the Monthly HOA Fee. Vacancy Rate 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% Annual Repairs & Maintenance $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 $900.00 $1000.00 Annual Utilities Annual Utilities Enter the Annual Utilities. Loan to Value 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% Interest Rate 6.000% 6.125% 6.250% 6.375% 6.500% 6.625% 6.750% 6.875% 7.000% 7.125% 7.250% 7.375% 7.500% 7.625% 7.750% 7.875% 8.000% 8.125% 8.250% 8.375% 8.500% 8.625% 8.750% 8.875% 9.000% Origination Fee 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% Closing Costs Closing Costs Enter the Closing Costs. Purchase Price Renovation Cost After Repaired Value Length of Loan 1 Month 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months Annual Property Taxes Annual Insurance Purchase Price LTV 90% (Experienced Only) 85% (Experienced Only) 80% 75% 70% 65% Intrest Rate 9.000% 9.125% 9.250% 9.375% 9.500% 9.625% 9.750% 9.875% 10.000% 10.125% 10.250% 10.375% 10.500% 10.625% 10.750% 10.875% 11.000% 11.125% 11.250% 11.375% 11.500% 11.625% 11.750% 11.875% 12.000% Origination Fee 2.00% 2.25% 2.50% 2.75% 3.00% Other Closing Costs 2.0% 2.5% 3.0% 3.5% 4.0% Cost To Sell 1% 2% 3% 4% 5% 6% 7% Email Me This Report sent to your mail successfully! Something went wrong! Please try again later. Close Send Email
