Mortgage Calculators

Use Our Calculators To Make The Right Decisions

- To find real estate solutions online in the fastest time possible! -


Buying a home or renting an apartment can be an intimidating task. In order to make an educated decision about something this important, you might need to do some calculations yourself before talking to the professionals. The calculators below will help you to estimate the financial outcome of each decision.      

FHA Calculator - This tool was designed to estimate the impact of purchasing a home using the using a FHA mortgage product. Most online mortgage calculators do not take into consideration "Upfront Mortgage Insurance Premiums and Annual Mortgage Insurance Premiums. This meant, the calculations were never accurate.  All borrowers will eventually contact a mortgage professional before making a final decision, but in the meantime, use our calculator to analyze your FHA mortgage payment. Use our FHA Mortgage Calculator.

Conventional Mortgage Calculator - Conventional loans have very strict lending guidelines, unlike FHA loans where the government insures a portion of the loan if the borrower defaults. Lenders who offer these loans suffer all the loses if the borrower fails to repay the loan. This higher risk for lenders mandate borrowers to have credit scores above 680 and at least 5% downpayment. Borrowers with 20% or more downpayment can avoid paying Annual Mortgage Insurance Premium altogether. To estimate your conventional mortgage payment use our Conventional Mortgage Calculator.


Veteran Loan - This tool is for eligible Veterans, Service Members and their surviving spouses who want to estimate the financials impact of homeownership. Eligible members can use the VA Loan to "buy, build, repair, retain or adapt a home", for their own personal occupancy.

The most attractive feature about this loan program is the no money down requirement, very competitive interest rates and no mortgage insurance premium. No money down does not exclude the seller from requesting a mandatory downpayment. The good news is that this payment can be recovered at closing. As well, closing cost related fees not covered under the no money down clause can also be recovered at closing, if the seller allows a "Sellers Concession". To estimate if a VA loan is right for you, use our VA Mortgage Calculator.

USDA Loans - This tool is designed to estimate the mortgage payments under the USDA Home loan program. Similar to VA Loans, eligible borrowers qualify for 100% financing, competitive interest rates and no Mortgage Insurance Premium. The USDA website expressed, "Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located". Additional requirements do apply. To estimate your USDA loan payment, use our USDA Mortgage Calculator.

Rent Calculator - This tool is designed to help potential tenants calculate their debt to rent ratio. Landlords look at 2 factors to determine affordability, income and credit. Landlords estimate that to show affordability, the tenant should earn at least 40x rent. For example, if the rent is $1000 the tenant should earn $1000 x 40 = $40,000.  Also, the rent should not surpass 30% of the income. To estimate if you can afford the apartment, use our Rent Calculator.

Comment ( 1 )


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