Your Scenario
Where It Goes
| Principal & interest | — |
| Property taxes | — |
| Insurance | — |
| HOA | — |
| Mortgage insurance (auto under 20% down) | — |
| Loan amount | — |
MI estimated at 0.6%/yr when down payment is under 20%. Your real number depends on credit and program — FHA, VA, and conventional all price differently. That's a 10-minute call.
Compare Up To 3 Options
| Input | Option A | Option B | Option C |
|---|---|---|---|
| Label | |||
| Loan amount ($) | |||
| Rate (%) | |||
| Term (yrs) | |||
| Points/fees ($) |
Side by Side
Break-even = extra upfront cost ÷ monthly savings vs. Option A. Lifetime interest assumes the loan is held to term — most people don't, which is exactly why you want a strategy, not just a rate.
Your Finances
How This Works
We take 45% of gross monthly income, subtract monthly debts, reserve room for taxes & insurance, and solve for the largest loan the remaining budget supports — then add your down payment.
This is an estimate, not an approval. FHA, VA, and bank-statement programs can change this picture significantly — often in your favor.
Current Loan
New Loan
Current vs. New
Watch the interest line — a lower payment on a fresh 30-year clock can still cost more over the life of the loan. If the goal is long-term savings, ask me about a shorter term or matching your current payoff date. Cash-out raises the payment but can be the smartest move for paying off high-interest debt — that's the strategy conversation.