Free tools
Run your numbers first
Six calculators, no sign-up, no stored data — every assumption editable, labelled, and sourced.
Mortgage payment
What a home actually costs per month — pre-filled with the latest published average (6.95% 30-year fixed, September 17, 2026 — Freddie Mac PMMS).
$90,000 down · loan of $360,000
Pre-filled with the latest published average — Freddie Mac Primary Mortgage Market Survey, September 17, 2026. Edit to match your quote.
≈ $4,950/yr — varies by locality; check your area's rate.
Estimated monthly payment
$2,928.85
| Principal & interest | $2,383.01 |
|---|---|
| Property tax | $412.50 |
| Insurance | $133.33 |
| Total | $2,928.85 |
Estimate only — your lender's offer may differ (rates, PMI, points, escrow). Rate assumption 6.95% (Freddie Mac Primary Mortgage Market Survey, September 17, 2026).
How much can I afford?
An indicative price range from your income, debts, and down payment — conservative by default.
Car loans, student loans, credit-card minimums, childcare you treat as fixed.
Latest published average: Freddie Mac Primary Mortgage Market Survey, September 17, 2026.
Indicative price range
≈ $395,198
| Monthly budget for housing + debts | $2,716.67 |
|---|---|
| Down payment (10%) | $39,520 |
| Loan amount | $355,678 |
| Total monthly at the top of your range | $2,850.00 |
A planning guide, not a pre-approval — lenders apply credit score, PMI, and program rules. Assumes a 30-year loan.
Rent vs buy
A horizon comparison: what renting costs vs what buying nets you over the time you'd actually stay.
Latest published average: Freddie Mac Primary Mortgage Market Survey, September 17, 2026.
Property tax + insurance + maintenance (and HOA if any).
Over 7 years, renting is estimated to cost $209,062 while buying nets about $184,202 after equity, selling costs, and loan payoff — a difference of roughly $24,861.
| Total rent paid over the period | $209,062 |
|---|---|
| Down payment + payments + running costs | $330,045 |
| Equity at sale (value − loan payoff − selling costs) | $145,843 |
| Net cost of buying | $184,201.57 |
Simplified model: excludes the investment return you could earn on the down payment while renting, tax deductions, PMI, and major repairs. Small assumption changes can flip the result — treat it as a lens, not an answer. Rate assumption 6.95% (Freddie Mac Primary Mortgage Market Survey, September 17, 2026).
Closing costs estimator
What to expect beyond the down payment — the 2%–5% band and where it goes.
Loan amount ≈ $320,000 — some fees scale with the loan, others with the price.
Buyer closing costs typically run 2%–5% of the price — lender fees, appraisal, title insurance and search, taxes and government charges, and prepaids (insurance, escrow). Source: CFPB Closing Disclosure guide; range per Bankrate and Fannie Mae.
Estimated closing costs
$14,000
| Published range (2%–5%) | $8,000 – $20,000 |
|---|---|
| Lender & loan fees (≈1% of loan) | $800 |
| Appraisal & inspection (typical) | $500 |
| Title search & insurance (≈0.7%) | $2,800 |
| Taxes & government (≈0.5%) | $2,000 |
| Typical total | $14,000 |
Planning estimate — your Loan Estimate and Closing Disclosure list your actual figures. Line items vary by state and lender.
Refinance break-even
Will a lower rate pay for its own closing costs — and how fast?
Latest published average: 6.95% (Freddie Mac Primary Mortgage Market Survey, September 17, 2026).
Typically 2%–4% of the balance — your lender's Loan Estimate is authoritative.
Break-even analysis
25 months
Breaking even within ~3 years is the usual rule of thumb for a refinance worth considering.
| Current payment | $2,313.10 |
|---|---|
| New payment | $2,118.23 |
| Monthly savings | $194.86 |
| Closing costs to recover | $4,800 |
| Break-even | 25 mo |
Simplified: compares principal & interest only and ignores the rate/term trade-off of extending your term. Rate assumption for the new loan: 6.95% (Freddie Mac Primary Mortgage Market Survey, September 17, 2026).
Extra payments
What paying a little extra each month does to your payoff date and total interest.
Freddie Mac Primary Mortgage Market Survey, September 17, 2026.
Applied entirely to principal. Check your lender's rules on extra principal payments.
Paying $150 extra per month
5 yr 5 mo sooner
| Regular payment (P&I) | $2,118.23 |
|---|---|
| Interest saved over the loan | $95,357 |
| Payoff time — baseline | 30 yr 0 mo |
| Payoff time — with extra | 24 yr 7 mo |
Assumes the extra amount is applied to principal every month for the life of the loan, and compares total interest paid. Rate assumption 6.95% (Freddie Mac Primary Mortgage Market Survey, September 17, 2026).
These are planning tools, not lending decisions
Every calculator runs entirely in your browser — nothing you type is stored or sent anywhere. For numbers you can act on, a lender's pre-approval governs; we're happy to help you get there. Ask us how →