## Calculators

** Side Note:** The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, a Loan Estimate or fee worksheet estimate. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Loan Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

# Mobile Calculators

### FHA Housing Payment Calculator

This calculator will quickly allow you to project a total monthly payment for the purchase of a home using an FHA loan.

### Housing Payment/Net Cost and Qualification Calculator

This calculator will allow you to enter the variables that will result in determining your total monthly housing payment, total cash to close, total assets available and your resultant qualification ratios.

### Housing Payment and Qualification Calculator

This calculator will allow you to enter the variables that will result in determining your total monthly housing payment, total cash to close, total assets available and your resultant qualification ratios.

### Refinance Calculator

### VA Housing Payment Calculator

This calculator will help you to determine the monthly payment for a Veteran's Administration (VA) home loan.

# Purchase Calculators

### Simple Home Loan Payment Calculator

This is the most basic of the loan payment calculators available to you on this site. If all you are looking for is to determine a monthly loan payment, this is all you need. If you're looking to include the other items that will typically accompany your payment such as taxes, insurance, etc., please try the Housing Payment option.

### Housing Payment Calculator

An easy to use yet comprehensive calculator that includes all of the factors generally considered in paying for and being qualified to purchase a home.

### Weighted Average Interest Rate Comparisons

The Weighted Average Rate Calculator allows you to combine two different loans and determine the effective rate of interest. Use this to determine the least costly option for financing your home if you need more than 80% financing but don't want to pay Private Mortgage Insurance (PMI). It can also be used the same way to take advantage of a maximum first mortgage at conventional loan limits and to make up the balance of the financing needed with a second loan.

### Four Loan Comparison Calculator

To compare up to 4 loans side by side, enter the variables in the spaces provided and select the number of years that you expect to own your home or have your loan before refinancing.

### Eight Loan Comparison

To compare up to 8 loans side by side, enter the variables in the spaces provided and select the number of years that you expect to own your home or have your loan before refinancing. Roll over any of the descriptions for more information.

### Pre-Payment Analysis and Calculator

Find out how quickly can you can pay off your loan if you make extra payments.

### Conventional vs. FHA Loan

This calculator allows you to compare all aspects of a conventional loan to those of an FHA loan.

### Scenario Comparison Calculator with Qualification and Total Cost & Benefits Analysis

These calculators are designed to provide maximum insight and analysis in a convenient side by side format for selecting the best property or loan option. It makes it easy to thoroughly compare everything from various down payments, to loan terms, to points, to rates and much more.

### Today's Rate or Tomorrow's Price

Use this calculator to compare a home purchased at the current price to the same home one year from now at a lower price, yet potentially higher rate.

### Four Loan Comparison Calculator

To compare up to 4 loans side by side, enter the variables in the spaces provided and select the number of years that you expect to own your home or have your loan before refinancing.

### Housing Payment and Qualification Calculator

This calculator will allow you to enter the variables that will result in determining your total monthly housing payment, total cash to close, total assets available and your resultant qualification ratios.

# Housing Payment Calculators

### Housing Payment Calculator with Chart

### Housing Payment Calculator with Graph and Slider

### Housing Payment Calculator with Net Cost Analysis

# Qualification

### Housing Payment/Net Cost and Qualification Calculator

### Housing Payment and Qualification Calculator

### Quick Qualification Calculator

This calculator will allow you to enter the variables that will result in determining your total monthly housing payment, total cash to close, total assets available and your resultant qualification ratios. Simply enter the variables in the spaces provided and roll over any of the descriptions for more information or instructions.

### Pre-Qualification

This is set up to provide a very quick and easy way to ball park a price range that may be suitable for your income, asset and debt levels. There are many more detailed factors that are involved in actual qualification and it is always best to be pre-approved before making an offer to purchase any property.

# REFI

### Simple Refinance Analysis

This calculator will provide you with a basic yet meaningful analysis of your current loan vs. a proposed loan.

### Refinance Analysis & Comparison

This refinance comparison calculator provides you with the ability to compare several loan options to your current. Lower rates increase your monthly cash flow savings yet since they increase the closing costs, the time that it takes to recoup the money spent is also increased (the break-even period or time to recoup). Estimating the number of years you expect to own your home or have this loan is the single most important thing you can do to determine which option is best as the rest is just math and by the provision of this calculator, we've got that covered for you.

### Fixed vs. Hybrid ARM Loan Analysis

Built primarily for refinancing analysis, this calculator will allow you to compare the difference in total loan cost of a fixed rate vs. that of a hybrid adjustable rate loan with a fixed initial rate period relative to your current loan. If purchasing, it's still relevant and usable, just enter your first choice of loan in the current loan section and compare the other two options as usual.

Be sure to keep your analysis period the same or shorter than the initial fixed period of the Hybrid ARM program you are considering as this calculator is kept simple and will not account for any change once a loan begins to adjust.

It is of course always wise to know how your ARM can adjust in the future based on its index, margin, initial, periodic and life caps and walking you through how this works is just one of the many things that we are here to help you with.

### Debt Consolidation Analysis and Calculator

Debt consolidation can be a great tool with which to help improve your finances. It can also perpetuate a less than prudent use of credit if not approached and used with some degree of discipline.

This calculator will show you the potential benefit of combining several or even many debts into one loan, however, it's then up to you to avoid ending up with more new balances or a longer payback period than you would have had otherwise.

Enter your existing debts and then the potential terms of a new cash out refinance loan to compare the existing payments and total annual interest expense vs. the single new loan.

The real potential merit of this can come from the last part which is to illustrate what happens if you make the same total payment you are now against the new loan with a lower total rate. As you'll see, the term can be shortened pretty significantly and that translates into a large reduction in your total interest expense.

### Refinance Calculator with Pre-payment Analysis

This refinance calculator is designed to help you determine if refinancing an existing loan or loans into one new loan makes good financial sense.

As well, a pre-payment analysis is included to demonstrate the added benefit and shorter term possible even if you just continued to make a payment against the new loan equal to the total that you are paying right now.

### "Cash In" Refinance

This calculator is for deciding whether or not it may be worthwhile to pay down the principal balance of a loan in order to or when refinancing.

### 3 Option Refinance Comparison

This refinance comparison calculator provides you with the ability to compare several loan options to your current.

Lower rates increase your monthly cash flow savings yet since they increase the closing costs, the time that it takes to recoup the money spent is also increased (the break-even period or time to recoup).

Estimating the number of years you expect to own your home or have this loan is the single most important thing you can do to determine which option is best as the rest is just math and by the provision of this calculator, we've got that covered for you.

# Strategic Calculators

### The Total Cost and Benefits Calculator

The TCB Calculator is designed to provide you with a fast and easy way to see the complete big picture view of your real estate purchase.

### The TPR© True Percentage Rate Calculator

The TPR or True Percentage Rate Calculator is designed to provide a true and more accurate basis for comparing loans than the APR or Annual Percentage Rate. The Problem with APR is that it's applicable to the entire term of a loan and very few loans ever reach that point. More commonly, loans are paid off due to sale or refinancing long before they are finished. With the TPR calculator, you can quickly determine the total cost of a loan and use that much more important figure to determine which loan option is right for you.

### Seller Paid Buydown

Unless you're paying cash for a home, the real cost is more dependent on the financing than the purchase price. As a result, paying more for a house to a seller that's willing to use that extra margin to pay for mortgage 'discount points' to reduce the rate on the buyer's loan can lower the true cost of that home. It may take a deep look to fully digest the benefits available to buyers and sellers here but when used with expert guidance, this can make things better for both.

### 15 vs. 30 Year Loan - Which is Better?

Most people would happily choose a 15 year loan rather than a 30 if they felt that the higher payments were affordable. After all, what's wrong with paying your loan off twice as fast and with a lower interest rate to boot? Believe it or not, there's a few reasons why the longer term may actually cost less once you add up a few things that are usually overlooked.

Go ahead, punch in a few figures to compare one vs. the other and digest each factor as it's presented. Depending on the various rates and other financial factors you select, you may just be surprised at how it all works out.

### Short Sale vs. HARP Refinance for Underwater Homeowners

Use this tool to compare the costs of refinancing vs. pursuing a short sale if your home is worth significantly less than your loan balance.

This calculator is designed to determine the the total after tax cost of using a HARP program refinance vs. selling short and then purchasing a similar home after 3 years (the typical minimum waiting period - this can vary dependent on situation, loan type and future guideline changes).

### Linear Style Property Appreciation Calculator

Calculate the future value of your property using different yearly factors and compare that to a consistent yearly rate of appreciation.

### Cost of Waiting Calculator

To Wait or Not to Wait... You know today's interest rate, but what about tomorrow's?

# Financial Calculators

### Future Value Calculator

Calculating Future Value is helpful for many reasons. It's primarily used to project the future value of an investment, a series of them such as a monthly contribution or in the case of this calculator, even with the combination of both.

This is helpful in making decisions about what or how to structure investments, for planning purposes or simply to determine the value of a transaction such as a refinance where the monthly savings can be invested for even greater return.

To use this calculator, simply enter any combination of a starting balance and intended monthly installment. If there is no balance to begin with, enter zero in that field. Next, enter or use the slide control to adjust the expected rate of return and then, enter the number of years to solve for.

The Future Value will be indicated on the bottom line.

When investing, remember that not all returns will be static. Most markets or investments will fluctuate and sometimes, with great significance. This will always impact the actual growth or decline in value of your investment. Accordingly, it's best to use a rate of return here that would reflect the true average rate of return expected over time.

### How Many Years to Your First Million Dollars?

Want to know how long, how much and at what rate of return it takes to rack up a cool million? Enter what you think you can save or invest at your expected rate of return to find out.

### How Long to My Goal with a Starting Balance?

Want to know how long, how much and at what rate of return it takes to rack up a cool million? Enter what you think you can save or invest at your expected rate of return to find out.

# Rent vs. Own

### The True Cost of Renting vs. Owning

This calculator provides a true net cost comparison of a rental payment vs. owning a home.

On a typical home loan, at a minimum, you are paying principal and that's not a cost. Paying principal is a transfer of your cash into the equity of your home by way of paying down the loan balance. Many describe this as a "forced savings account."

If your tax situation supports itemizing expenses, owning may also increase your deductions as mortgage interest and real estate taxes can be eligible. Always check with your tax pro for advice here.

Finally, over time, most real estate appreciates in value. It's never a straight line up as there can be periods of decline, however, the average rate of appreciation in the U.S. over the last 50 years or so is above 5% annually. State by state, this can vary from about 3% up to about 7%.

This calculator allows you to adjust the factors for tax savings and appreciation from 0% on up so it's all in your control to set them relative to your own expectations or circumstance.

The bottom line provides the "true cost" which is the regular payment, less the amount of principal paid, tax benefits realized and appreciation earned.

Realize that the "true cost" is not what you pay each month; it's the actual cost of the home after accounting for the benefits. You still must write a check for the full payment each month which of course is no different than what you would be doing if you rented instead. The difference is that when renting, that money is gone forever with no opportunity for benefit beyond the shelter itself.

# AMORT

### Annual Loan Amortization

A loan amortization schedule allows you to see not only a schedule of payments but more importantly, the makeup of those payments and how they change over time.

Interest payments decrease over time while principal rises proportionately to those decreases and this is exactly what keeps your payments exactly the same over the term of the loan.

For those that are unhappy with the amount of principal paid in the early years of the loan, you can see here how adding as little or as much extra as you like will reduce the amount of interest paid along with shortening the term of the loan.

There are many ways to use this tool including for side by side comparison of one option vs. another. Take a little time, experiment and you should soon have a clear understanding of the way that mortgage math works.

### Two Loan Amortization Comparison

A loan amortization schedule allows you to see not only a schedule of payments but more importantly, the makeup of those payments and how they change over time.

Interest payments decrease over time while principal rises proportionately to those decreases and this is exactly what keeps your payments exactly the same over the term of the loan.

For those that are unhappy with the amount of principal paid in the early years of the loan, you can see here how adding as litle or as much extra as you like will reduce the amount of interest paid along with shortening the term of the loan.

There are many ways to use this tool including for side by side comparison of one option vs. another. Take a little time, experiment and you should soon have a clear understanding of the way that mortgage math works.