Estimate your monthly payment, check what you can afford, calculate refinance break-even, or analyze a rental property — all in seconds.
Adjust loan amount, interest rate, and term to see how the numbers change. Remember: your actual monthly cost includes property taxes, homeowner's insurance, and possibly HOA dues on top of the principal and interest shown here.
This calculator uses your gross monthly income and existing debt to estimate a comfortable maximum purchase price. Lenders typically allow a total debt-to-income ratio (DTI) of 43–50% depending on the loan type and compensating factors.
Every refinance has closing costs — typically 1–2% of the loan amount. The question is how long it takes for the monthly savings to recover those costs. If you plan to stay in the home longer than the break-even point, the refinance makes financial sense.
DSCR (Debt Service Coverage Ratio) is the primary qualification metric for investment property loans. A DSCR of 1.0 means rent covers the payment exactly. Most lenders want 1.0 or higher — some go as low as 0.75 on select programs.
Ready for actual numbers?
Calculators estimate — a pre-approval letter gets you an exact rate, payment, and purchasing power.