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Fixed rate, monthly compounding. Taxes and other costs stay constant. PMI is your monthly estimate; ask your lender when it ends. Extra annual payments occur every 12th month; the lump sum is paid now. Biweekly is approximated as one extra regular payment spread across each year.

Income mode uses the smaller of the housing and total debt limits. A fixed budget overrides income mode. Includes tax, insurance, HOA and maintenance; excludes closing costs and mortgage insurance. This is a budget estimate, not a loan approval.

Use the principal balance and principal-and-interest payment on your statement. Do not include escrow. Lump sums apply now, annual payments at each year end. Biweekly is approximated as one extra regular payment spread across the year. Excludes prepayment penalties.

Fixed-rate loans with a known remaining term. Payment break-even divides fees by monthly payment savings; it does not account for equity, investment returns or cash-out benefits. Total cost savings compare all remaining payments and fees, subtracting cash received. Extending the term may increase total cost.

Shows the initial monthly payment. FHA insurance depends on term, loan amount and down payment; premiums and duration must be confirmed with your lender. Annual MIP here uses the initial base loan; actual premiums decline with the balance. Defaults are illustrative. No eligibility or loan-limit determination.

Check FHA guidance with HUD and your lender →

Set the fee for your down payment and first or subsequent use; enter 0 if exempt. This estimate does not determine eligibility. Confirm your funding fee with VA or your lender. VA loans have no monthly mortgage insurance.

Check current VA funding fees and exemptions →

Closing costs are a percentage of the home price. In each mode, only the inputs used for that mode affect the result. Monthly payment excludes taxes, insurance, HOA and PMI; use Mortgage payment for those costs.

Monthly-compounded fixed-rate loan with monthly payments. Upfront fees and points reduce net proceeds; financed fees increase the repayment balance. PMI is a fixed monthly amount for the duration entered. This cash-flow estimate is not an official lender APR disclosure and excludes other payment or compounding frequencies.

Operating expenses include tax, insurance, HOA, maintenance and other costs, but exclude mortgage payments. Management is a percentage of collected rent and other income after vacancy. Sale return includes operating cash and equity; excludes income/capital-gains taxes, depreciation, tax benefits and reinvestment. Cash-on-cash and cap rate are year-one figures.

Uses the smaller of the rent-to-income limit and the total debt limit less existing debt. Income is before tax. These are adjustable budgeting assumptions; allow room for utilities, savings and living costs.

Compares outflows grown at your investment-return assumption, less sale equity or the returned rental deposit at the end of your stay. A negative net cost means the projected terminal asset exceeds those outflows. Rent and costs rise annually; home value compounds annually. Excludes tax deductions, tax benefits, investment taxes and moving costs. Growth assumptions are uncertain; try falling prices too.