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Run the numbers yourself.
These do the same math we do. Nothing here is captured, nothing is emailed to you, and you do not have to give us anything to use them. When you want the version with real rates and real fees attached, that is what the phone is for.
Estimates only. Actual figures depend on your credit, the property, taxes, insurance and the lender. Not a loan offer or a commitment to lend.
Monthly payment (PITI)
Principal, interest, taxes and insurance — the number that actually leaves your account.
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estimated monthly payment
- Principal & interest —
- Taxes —
- Insurance —
- Mortgage insurance —
Loan amount —
What can I afford?
Works backwards from your income and debts to a price range.
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estimated maximum price
- Payment budget —
- Supported loan —
Qualifying is not the same as comfortable. The number you should spend is usually lower than the number you can borrow.
Rent vs. buy
How many years before buying beats renting, given what you would pay either way.
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break-even point
- Owning, monthly —
- Renting, monthly —
- Equity after 5 yrs —
Assumes 3% selling cost and 1% a year maintenance.
Refinance breakeven
The only question that matters: how long until the refinance pays for itself?
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months to break even
- Monthly saving —
- New payment —
- Total interest change —
VA funding fee
The one-time fee in place of monthly mortgage insurance — and who does not pay it.
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estimated funding fee
- Fee rate —
- Financed loan total —
Veterans receiving compensation for a service-connected disability pay no funding fee at all. More on VA loans.
DSCR
Does the rent cover the payment? That is the entire underwriting test.
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debt service coverage ratio
- PITIA —
- Monthly cash flow —
Extra payment payoff
What an extra amount each month actually buys you in years and interest.
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interest saved
- Paid off —
- New payoff time —
- New payment —
Assumes the extra goes to principal every month from today.
Now put real numbers behind it.
A calculator uses the rate you typed in. Tyler McCain will use the rate you can actually get, with the fees that come with it. Two minutes, no credit pull.