Mortgage calculators

Run the numbers.

The monthly payment and its full schedule, how much home your income supports, when a refinance pays for itself, and renting against buying. You bring the numbers, the rate included.

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Monthly payment

What the payment comes to.

Put in the price, your down payment, the term and your rate. Add taxes, insurance and dues for the whole monthly cost. The schedule below shows where each year's payments go.

Your numbers
Monthly payment01/ 04
$
$
Loan term
%
The rate you were quoted, or one you want to try. We never fill it in.
Taxes, insurance and dues
$a year
$a year
$a month
$a month
If your loan has it. Vadim can give you a figure.
Pay extra each month
$a month
It goes straight to the balance, so the loan ends sooner and costs less interest.
Monthly payment
—a month

Add a home price and a rate to see the payment.

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How much home

How much home your income supports.

Start from what you earn and what you already pay each month. The price moves with your rate, your down payment, and the share of your income you'd put toward debt.

Your numbers
How much home02/ 04
$a year
Everyone who will be on the loan.
$a month
Car, student loans, card minimums and other loans. Leave out rent.
$
Loan term
%
The rate you'd expect, or one you want to try.
36%
Your new home payment plus the debts above, as a share of income before taxes. Lenders cap it, and the cap depends on the loan program.
Taxes, insurance and dues
% a year
A share of the price each year: your county's rate. Vadim can tell you what it is where you're looking.
$a year
$a month
A home price around
—

Add your income and a rate to see a price.

A starting point, not a loan approval. Lenders also look at credit, savings and the home itself.

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Refinance break-even

When a refinance pays for itself.

Compare the loan you have with a new one. The closing costs come first, and each month's savings pay them back. The break-even is the month you come out ahead.

Your numbers
Refinance03/ 04
$
%
From your loan statement.
years
%
The rate you were quoted, or one you want to try.
New loan term
$
Lender, title and other fees for the new loan. Ask Vadim for an estimate.
Break-even
—

Add the balance and both rates to compare.

Principal and interest only. Taxes and insurance stay the same either way.

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Rent or buy

Renting or buying, side by side.

Renting costs the rent. Buying costs the down payment, the payments and the upkeep, and gives back what the home sells for. Add your own guesses for how prices, rents and savings grow.

Your numbers
Rent or buy04/ 04
$a month
$
$
Loan term
%
The rate you'd expect, or one you want to try.
10 years
Owning costs
$a year
$a year
$a month
$a year
$once
Closing costs when you buy.
% of the sale
Agent and closing costs when you sell.
Your guesses
% a year
Can be below zero.
% a year
% a year
What the down payment, and any month's difference, could earn if you rent instead.
Rent or buy
—

Add the rent, the price and a rate to compare.

Leaves out income taxes. Taxes, insurance, dues and upkeep stay as you enter them. A rough guide, not financial advice.

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