Free Tools

To determine if you qualify, lenders review your total monthly debt (proposed housing payment + regular monthly debt) as a percentage of your total gross monthly income. The acceptable percentage (DTI) will vary depending upon the specific loan program for which you apply.

By entering details like the loan amount, interest rate, loan term, and down payment, the calculator provides a breakdown of your expected monthly payments. 
 

• Principal and Interest.

• Taxes and Insurance.

• Private Mortgage Insurance (PMI), if required.

This tool will help you evaluate whether refinancing their mortgage is a smart financial decision. By inputting key details about your existing loan and potential new loan, the tool provides a side-by-side comparison of costs, savings, and other factors.