Four calculators for the questions that come up before you're ready to talk to a lender. Adjust the assumptions to match your situation — nothing here is submitted, saved, or sent anywhere.
Most calculators start with a home price. This one works backward from your income and debts to the price range a lender would approve — and the payment that comes with it.
The answer usually comes down to your credit score and how long you plan to stay. FHA mortgage insurance is permanent on most loans; conventional PMI falls off at 20% equity. Here's what that costs.
| FHA | Conventional | |
|---|---|---|
| Down payment | — | — |
| Loan amount | — | — |
| Principal & interest | — | — |
| Mortgage insurance | — | — |
| Taxes & insurance | — | — |
| Total monthly | — | — |
| Cash to close (est.) | — | — |
| MI drops off? | — | — |
More than most people expect. Early extra payments go almost entirely to principal, which is why the same dollar saves far more in year two than in year twenty.
A DSCR loan is underwritten on the property's rent instead of your tax returns — no W-2s, no income documentation, no cap on how many you own. The whole question is whether rent covers the payment.
These estimates get you oriented. A real conversation gets you a number you can put behind an offer — usually the same day.