Mortgage Refinance Break-Even Calculator
Compute the number of months it takes for the monthly savings from refinancing into a lower rate to recoup the upfront c...
Loans, investing, and the math behind everyday money decisions.
Run the numbers on mortgages, loans, credit cards, investments, and retirement — with transparent formulas and editable assumptions.
Compute the number of months it takes for the monthly savings from refinancing into a lower rate to recoup the upfront c...
Estimate monthly mortgage payments, total interest, and the amortization schedule from home price, down payment, rate, a...
Compute your new monthly mortgage payment after a one-time lump-sum principal reduction (a "recast"). Reports the old pa...
See how much you would save each month, over the life of the loan, and how many months it takes to recover closing costs...
See how much earlier you could pay off your mortgage and how much interest you would save by switching from monthly to b...
Project the total cost of renting vs. buying over your planned stay, including mortgage interest, maintenance, home appr...
Estimate the monthly Private Mortgage Insurance (PMI) cost when down payment is below 20%, plus the months until LTV rea...
Estimate the interest-only payment during the draw period and the full principal-and-interest payment once a HELOC enter...
Estimate how many months you knock off a fixed-rate mortgage and how much interest you save by adding a constant extra p...
Compute the maximum monthly housing payment a lender will allow from your monthly gross income, a target front-end DTI r...
Compare the initial fixed-rate payment on a 5/1, 7/1, or 10/1 ARM with the worst-case fully-indexed payment after the fi...
Estimate typical closing costs for a home purchase as a percentage of the loan amount (commonly 2–5%), broken into a hig...
Compute the monthly escrow contribution your lender adds to your mortgage payment for property taxes and homeowners insu...
Compute the interest-only monthly payment on a Home Equity Line of Credit (HELOC) during its draw period, plus annual in...
Compute the all-in monthly mortgage payment (PITI) — Principal, Interest, property Tax, and homeowners Insurance — given...
Estimate when private mortgage insurance can be cancelled — both at the LTV-80 % "request" threshold and the LTV-78 % "a...
Compute the front-end (housing) debt-to-income ratio used in mortgage qualification. PITI (principal + interest + taxes...
Compute the front-end DTI (housing payment / gross income) and the back-end DTI (housing + all other debt payments / gro...
Compute the down-payment dollar amount needed to hit a target loan-to-value ratio (e.g. 80 % to avoid PMI) on a home of...
Determine how long it takes for the monthly savings from buying mortgage discount points to outweigh their up-front cost...
Compute the loan-to-value (LTV) ratio of a mortgage from the loan amount and the property's appraised value — used to de...
Compute the full monthly housing payment (principal + interest + property tax + homeowners insurance + PMI) for a mortga...
Estimate the largest mortgage and house price you can afford from gross income, monthly debts, down payment, and a targe...