Explore payments, affordability, refinancing, rent vs. own, and investor metrics using your own scenario. These tools are for education only—your exact options come after a full review.
Estimate your full housing payment, including principal & interest, taxes, insurance, HOA, and program fees.
Based on your home price, down payment, and any financed FHA, VA, or USDA program fees.
Shown for FHA, VA, and USDA based on sample program rules.
Shown for FHA and USDA; VA loans do not have monthly MI.
If your down payment is under 20%, Conventional loans typically require PMI. We estimate it here using your credit tier, down payment, and loan amount unless you enter your own MI figure below.
Only use this if you already have a lender-issued MI quote. Leaving it blank lets the calculator estimate PMI automatically.
Estimate a rough price range using income, debts, target DTI, rate, and down payment.
Many Conventional buyers fall in the 40–45% total DTI range.
This affordability estimate assumes your T&I/HOA figure includes any program-specific mortgage insurance or fees. Use the Monthly Payment tab if you want to see those broken out for Conventional, FHA, VA, or USDA.
Compare your current loan to a new scenario, including estimated monthly savings, breakeven, and total interest.
Compare a renting scenario to owning a home over time, including equity build and net monthly impact.
Explore a 1-0, 2-1, or 3-2-1 buydown structure—short-term payment relief funded by a buydown deposit.
Buydown costs are based on the loan amount (after down payment), not the purchase price.
Enter a planned seller or lender credit to compare against the total buydown fund required.
Model a basic rental scenario with income, expenses, and financing to see estimated monthly cash flow.
Model a DSCR-style investor scenario with detailed income, expenses, and financing inputs.
No. These tools are educational only. They estimate payments and ratios based on the information you enter, but they don’t replace a full application, credit pull, or automated underwriting. Qualification depends on your full profile, property, and current program guidelines.
Lenders use live rate sheets, detailed MI tables, and exact property taxes, insurance, and HOA figures. This calculator uses reasonable estimates. Differences in rate, MI factors, tax assessments, and HOA dues will all move the final payment.
For Conventional loans, we estimate MI using credit score ranges and down payment tiers. FHA, VA, and USDA each have their own upfront and/or monthly insurance structures. The calculators include these as separate line items where applicable so you can see how they affect the total payment.
FHA charges two types of mortgage insurance on most loans:
1. Upfront MIP (UFMIP). For 2025, this is typically 1.75% of the base loan amount. It can be paid in cash at closing or rolled into the loan balance. For example, on a $200,000 base loan, UFMIP is $3,500.
2. Annual MIP. The annual MIP percentage depends on your loan term, loan amount, and LTV. For most loans with less than 10% down and terms over 15 years, the annual MIP is around 0.55%. Smaller loan amounts, shorter terms, and lower LTVs can qualify for lower MIP factors.
How long do you pay MIP? With a down payment under 10%, FHA MIP usually runs for the life of the loan. With 10% or more down, MIP is often required for 11 years. The exact structure for your loan will be confirmed when we run your full FHA scenario and review FHA’s current MIP charts.
Yes. The buydown tool estimates first-year (and later-year) payment relief based on a 1-0, 2-1, or 3-2-1 structure, and the refinance tool compares your current loan to a new one. Both are designed to help you frame the conversation before we run a full scenario.
DSCR stands for Debt Service Coverage Ratio and is calculated as Net Operating Income ÷ Total Monthly Debt Service. This tool lets you model income, vacancy, expenses, and leverage so you can see a projected DSCR before we match you with an investor or program.
Yes, wherever they’re part of the payment (owner-occupied and investor scenarios), you’ll see separate inputs and line items for taxes, insurance, and HOA dues. If you’re not sure what to use, we can help you estimate local numbers for your specific property type and price point.
The math works anywhere, but taxes, insurance, HOA dues, and local program options vary by state and county. Use these tools as a baseline, then we’ll dial in local numbers and program rules once we know where you’re buying.
Once you’ve played with a few scenarios, the best next step is a full pre-approval. That lets us verify income, assets, and credit; choose the right program; and put real numbers behind your purchase or refinance plan.
These tools are for educational purposes only and are not a commitment to lend or an offer of credit. Actual rates, payments, mortgage insurance, and costs will vary based on your full credit profile, property, program, and current guidelines (including FHA, VA, USDA, and Conventional rules). All loans subject to approval. Equal Housing Lender.