All personal finance calculators →
What are you working out?
All 8 housing and mortgages calculators
Closing Costs Estimator
Itemises what you will be asked to pay at closing, separated into lender fees, third-party fees and prepaid items, and adds the down payment to give the cash you actually need. The split is the point: only lender fees move much when you change lender, and prepaid tax and insurance are money you owed anyway rather than a cost of borrowing.
Housing And MortgagesHome Equity LTV Calculator
Reports equity, the first-mortgage loan-to-value ratio and the combined ratio across every lien, and how much more you could borrow before reaching the limit a lender applies. It reports both mortgage-insurance thresholds and which value each rule is measured against, because automatic termination uses the original price while cancellation on today's value has to be requested.
Housing And MortgagesMortgage Affordability Calculator
Works out the most you can pay for a home from your income, your existing debts and the two qualifying ratios a lender applies, and says which of the two binds. Because property tax scales with the price the model is solving for, the affordable price is solved as a fixed point rather than divided out, which is the step that makes the answer consistent with the payment it implies.
Housing And MortgagesMortgage Payment PITI Calculator
Works out the full monthly cost of a mortgage -- principal, interest, property tax, homeowner insurance, association dues and mortgage insurance -- and stops charging the mortgage insurance at the month the loan reaches 78 percent of the original price, where it terminates. It reports that month, the total insurance actually paid, and what the payment drops to afterwards.
Housing And MortgagesMortgage Points Calculator
Prices discount points as an investment with a horizon: what they cost, what they save each month, when the saving has repaid them, and what they are worth over the time you expect to keep the loan. It counts the extra principal the lower rate pays down by then, which is worth four figures on an ordinary loan, and can restate the whole trade as a present value.
Housing And MortgagesMortgage Term Comparison Calculator
Compares a shorter mortgage with a longer one on the same amount: the payment and total interest of each, and then a further comparison -- on the day the shorter loan is paid off, what is still owed on the longer one against what the payment difference would have grown into if invested. It also says when the longer loan would be gone if you simply paid the shorter loan's payment on it.
Housing And MortgagesRefinance Break Even Calculator
Says how many months a refinance takes to repay what it costs, measured against the term remaining on the loan you have rather than a fresh full term, so a longer new loan cannot disguise re-extension as a saving. It reports the years added to the term as its own figure, compares total remaining cost under each loan, and handles costs rolled into the balance, where there is no break-even month at all.
Housing And MortgagesRent vs Buy Calculator
Compares renting with buying on the net worth each leaves you with at the end of the period you expect to stay, rather than on monthly cost. The renter's down payment and every month of saved cost are invested at a return you set, the owner's spare cash is invested in any month rent costs more, and the sale at the end pays selling costs and repays the loan. It also reports the month from which buying goes ahead and stays ahead.