Calculators
Run the numbers.
Then talk them through.
Every tool uses your assumptions. Change anything and the results update as you type.
Estimated monthly payment
$2,597/mo
Principal and interest$1,991
Property tax$300
Home insurance$175
PMI (estimate)$131
Loan amount$315,000
A home price around
$331,000
Principal and interest$1,875
Property tax$300
Home insurance$175
HOA and maintenance$150
Loan amount · $35,000 down$296,645
This is a planning tool, not a qualification calculator. It works backward from what you choose to spend, which may be less than a lender would approve.
Lower modeled net cost to rent, over 5 years
$39,835
Net cost of buying$171,835
Total rent paid$132,000
Modeled sale value$350,000
Mortgage balance at sale$294,875
Net sale proceeds$34,125
The home value starts at 0% change a year so the result doesn't depend on a price forecast. Try your own assumption.
Breaks even in
22months
Current principal and interest$2,024
New principal and interest$1,724
Monthly savings$300
Interest left on current loan$327,158
Interest on new loan, plus costs$347,143
The new term is 5 years longer than what's left today. A longer term can reduce the payment while increasing interest paid over time.
Repayment-period payment
$434/mo
Interest-only draw payment$354
Balance after interest-only payments$50,000
Repayment-period interest$54,139
Plan for the repayment, too. Interest-only payments don't lower the balance, and a variable rate can raise either payment.
Lower monthly payment with the HELOC
$73/mo
Current mortgage payment$1,390
HELOC repayment$434
Cash-out loan payment$1,896
Interest and fees, keep + HELOC$222,513
Interest and costs, cash-out$389,633
With a low rate on your current mortgage, keeping it often costs less overall. Both options are secured by your home.
This is a fixed-rate illustration. The starting interest rates are editable examples, not offered rates or APRs. Mortgage insurance and fee rules follow FHA, VA and USDA schedules reviewed September 2026. Results do not include other closing costs, prepaid items, reserves, or USDA's technology fee. Calculations use your assumptions and are estimates, not a Loan Estimate, quote, or approval.