Buyer Financial Calculators


Use the financial calculators below to help you make wise real estate decisions when buying a home:

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Mortgage Payment Calculator. This calculator can help you determine your costs with either a conventional, FHA or VA loan.

  • Conventional Payment
    Enter your mortgage amount, interest rate, and term, and you will easily determine your mortgage payment. If you know the taxes and insurance, the full payment which includes principal, interest, taxes and insurance is determined. Private mortgage insurance will be added if your loan-to-value is higher than 80%.
  • FHA Payment
    Enter your mortgage amount, interest, and term, and you will easily determine your FHA mortgage payment which will include the MIP (Mortgage Insurance Premium). If you know the taxes and insurance, the full payment which includes principal, interest, taxes and insurance is determined
  • VA Payment
    Enter your mortgage amount, interest, and term, and you will easily determine your VA mortgage payment. If you know the taxes and insurance, the full payment which includes principal, interest, taxes and insurance is determined

Rent vs. Own
This financial calculator helps you determine the advantages of tax savings, appreciation, and principal reduction to lower the cost of owning a home.  This helps you decide if it’s better for you to rent or own a home.

It is best to use conservative, realistic estimated appreciation. Tax savings are based on the your marginal tax bracket.

Since maintenance would be handled by your landlord if you were renting, an estimate of reasonable maintenance is used.

Initial Qualifier
This calculates the maximum mortgage amount based on qualifying ratios for a particular type of loan. Other factors not considered in this financial calculator also determine whether you can qualify for a loan such as credit score, references, length of credit, ability to repay, and the property’s ability to secure the loan.

Equity Accelerator
This calculates the interest and time savings by applying additional principal contributions with each mortgage payment.

By making regular additional principal contributions on a fixed rate mortgage, you will save interest and your loan term will be shortened. This calculation assumes that the same increased monthly payment will be made from the beginning of the mortgage until it is paid in full.

Adjustable Rate Comparison
This will compare an adjustable rate mortgage against a fixed rate mortgage to determine when the break even point.  You’ll be able to see the savings you will get using an ARM and when it stops becoming financially beneficial.  This will help you determine which mortgage will be cheaper. The financial calculator assumes that the rate will adjust the maximum amount at each possible period.

Cost of Waiting to Buy

This shows what can happen to your mortgage payment if, while you are waiting for the price of houses to come down, the interest rates go up.
Due to the higher interest rate, the home may have a higher monthly payment even though the price of the home was less.

Housing affordability is based on price and interest rates.

Your Best Investment
This compares the future value of the amount of money necessary for the down payment on a home using three possible alternatives: a certificate of deposit, a stock investment, and purchasing the home. The comparison involves different amounts of risk that are not measured in the example.

Interest Affects the Price
This shows the correlation in interest to price. It demonstrates that a .5% change in the rate is approximately equal to a 5% change in price.

Will Points Make a Difference

Choosing between two loans with different interest rates can be difficult when there are other factors such as a different amount of points. This calculation develops a yield based on rate, points, and holding period to indicate which loan will be less expensive.