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Calculator Disclaimer
MortgageFriend’s calculators are provided for general informational and comparison purposes only. The results are estimates based on the information you enter and the assumptions used by each calculator. They should not be considered a loan offer, approval, pre-qualification, or guarantee of financing.
Actual loan eligibility, rates, payments, closing costs, mortgage insurance, taxes, homeowners insurance, HOA dues, and other expenses may differ. Qualification can depend on additional factors not evaluated by these calculators, including credit history, credit score, income documentation, assets, cash reserves, property characteristics, and applicable loan-program requirements.
Interest rates, pricing, fees, and loan-program guidelines can change without notice. MortgageFriend does not guarantee the accuracy, completeness, or applicability of calculator results to any particular borrower or transaction and is not responsible for decisions made solely on the basis of these estimates.
For information based on your specific circumstances, contact MortgageFriend to discuss available loan options. There is no obligation.
Mortgage Payment
Estimate your complete monthly housing payment.
Home Affordability
Estimate a potential home-price range from income and debts.
Refinance Break-Even
Compare your current mortgage with a proposed refinance.
Rent vs. Buy
Compare the longer-term financial impact of renting and buying.
Compare Two Loans
Compare rates, terms, points, fees, and financing costs.
Points vs. Rate
See whether paying discount points for a lower rate may make sense.
Extra Payment & Payoff
See how additional principal affects payoff time and interest.
Debt-to-Income
Calculate estimated front-end and back-end DTI ratios.
DSCR
Compare investment-property rental income with debt service.
Estimate Your Monthly Housing CostMORTGAGE PAYMENT CALCULATOR
Estimate your monthly mortgage payment, including principal and interest plus optional property taxes, homeowners insurance, HOA dues, and mortgage insurance.
Home Price
Down Payment (%)
Down Payment ($)
Interest Rate (%)
Loan Term
Annual Property Taxes
Annual Homeowners Insurance
Monthly HOA
Monthly Mortgage Insurance
Estimated Results
Estimated Monthly Housing Payment
| Loan Amount | $0 |
| Principal & Interest | $0 |
| Property Taxes | $0 |
| Homeowners Insurance | $0 |
| HOA | $0 |
| Mortgage Insurance | $0 |
| Loan-to-Value | 0% |
| Total Interest Over Term | $0 |
View Annual Amortization Summary
| Year | Principal | Interest | Balance |
|---|
Estimates are for educational purposes only. Actual payments may vary based on loan program, taxes, insurance, escrow requirements, mortgage insurance, and lender terms.
Estimate a Comfortable Purchase RangeHOME AFFORDABILITY CALCULATOR
Estimate a potential home-price range using your gross income, recurring debt obligations, down payment, interest rate, estimated housing costs, and adjustable debt-to-income assumptions.
Annual Gross Income
Monthly Debt Payments
Available Down Payment
Interest Rate (%)
Loan Term
Target Housing Ratio (%)
Target Total DTI (%)
Property Tax Rate (% per year)
Annual Homeowners Insurance
Monthly HOA
Monthly Mortgage Insurance
Estimated Results
Estimated Maximum Home Price
| Estimated Loan Amount | $0 |
| Estimated Housing Budget | $0 |
| Limiting Ratio | — |
| Principal & Interest | $0 |
| Property Taxes | $0 |
| Insurance | $0 |
| HOA | $0 |
| Mortgage Insurance | $0 |
This is an affordability estimate, not a pre-approval or lending decision. Actual qualification can vary by loan program, credit profile, assets, reserves, property type, taxes, insurance, mortgage insurance, and underwriting requirements.
Compare Your Current Loan With a RefinanceREFINANCE BREAK-EVEN CALCULATOR
Compare your existing mortgage with a proposed refinance and estimate the monthly payment difference, closing-cost recovery time, and longer-term financing cost.
Current Loan Balance
Current Interest Rate (%)
Years Remaining
New Interest Rate (%)
New Loan Term
Estimated Closing Costs
Estimated Results
Estimated Monthly Payment Difference
| Current P&I Payment | $0 |
| New P&I Payment | $0 |
| New Loan Amount | $0 |
| Estimated Cash Break-Even | — |
| Remaining Interest on Current Loan | $0 |
| New Interest + Closing Costs | $0 |
Extending a loan term can reduce the monthly payment while increasing the amount paid over time. This comparison considers principal, interest, and the entered closing costs.
Compare the Longer-Term Financial PictureRENT VS. BUY CALCULATOR
Compare estimated rental costs with the estimated net financial cost of owning a home over a selected period.
Current Monthly Rent
Annual Rent Increase (%)
Home Purchase Price
Down Payment
Mortgage Rate (%)
Loan Term
Property Tax Rate (% per year)
Annual Homeowners Insurance
Monthly HOA
Annual Maintenance (% of Home Value)
Annual Home Appreciation (%)
Purchase Closing Costs (%)
Estimated Selling Costs (%)
Comparison Period
Estimated Results
Estimated Difference Over Selected Period
| Estimated Rental Cost | $0 |
| Estimated Net Ownership Cost | $0 |
| Estimated Future Home Value | $0 |
| Estimated Remaining Mortgage | $0 |
| Estimated Net Sale Proceeds | $0 |
| Estimated Break-Even | — |
This is a simplified financial comparison. It does not include income-tax effects, opportunity cost of invested funds, renter's insurance, financing changes, or every possible ownership expense. Appreciation and future rent are assumptions, not guarantees.
See Two Mortgage Options Side by SideCOMPARE TWO LOANS
Compare two mortgage structures using interest rate, loan term, discount points, lender fees, monthly payment, and estimated financing costs.
Loan Amount
Comparison Period
Loan A
Interest Rate (%)
Term
Points (%)
Other Lender Fees
Loan B
Interest Rate (%)
Term
Points (%)
Other Lender Fees
Estimated Results
Lower Estimated Financing Cost
| Loan A Monthly P&I | $0 |
| Loan B Monthly P&I | $0 |
| Loan A Upfront Points & Fees | $0 |
| Loan B Upfront Points & Fees | $0 |
| Loan A Financing Cost | $0 |
| Loan B Financing Cost | $0 |
| Loan A Remaining Balance | $0 |
| Loan B Remaining Balance | $0 |
| Estimated Cost Crossover | — |
Financing cost here means estimated interest paid during the selected period plus the entered discount points and lender fees. It is not an APR calculation and does not include every third-party or settlement charge.
Decide Whether a Lower Rate Is Worth the Upfront CostPOINTS VS. RATE CALCULATOR
Compare the upfront cost of discount points with the monthly principal-and-interest savings from a lower mortgage rate.
Loan Amount
Loan Term
No / Lower Points Option
Interest Rate (%)
Points (%)
Lower Rate Option
Interest Rate (%)
Points (%)
Estimated Results
Estimated Break-Even for the Additional Points
| Option A Monthly P&I | $0 |
| Option B Monthly P&I | $0 |
| Monthly Payment Savings | $0 |
| Option A Point Cost | $0 |
| Option B Point Cost | $0 |
| Additional Upfront Cost | $0 |
| 5-Year Net Savings After Points | $0 |
| 10-Year Net Savings After Points | $0 |
This calculator compares discount-point cost with principal-and-interest payment savings. It does not include tax effects, closing costs unrelated to points, or changes in loan balance from different rates.
See What Additional Principal Can ChangeEXTRA PAYMENT & PAYOFF CALCULATOR
Estimate how additional principal payments could shorten your mortgage term, reduce interest, or help you reach a specific payoff goal.
Current Loan Balance
Interest Rate (%)
Years Remaining
Extra Monthly Principal
One-Time Additional Principal
Target Payoff Period
Estimated Results
Estimated Interest Saved
| Scheduled Monthly P&I | $0 |
| Payment With Extra Principal | $0 |
| Estimated New Payoff | — |
| Estimated Time Saved | — |
| Payment Needed for Target | $0 |
| Additional Monthly Amount Needed | $0 |
Confirm with your loan servicer how additional payments must be designated so they are applied to principal rather than treated as future scheduled payments.
See How Monthly Debt Compares With IncomeDEBT-TO-INCOME CALCULATOR
Calculate estimated front-end and back-end debt-to-income ratios using gross income and recurring monthly obligations.
Annual Gross Income
Proposed Monthly Housing Payment (PITI + HOA)
Auto Loans / Leases
Student Loans
Credit Card Minimum Payments
Other Monthly Debt Obligations
Estimated Results
Estimated Back-End DTI
| Front-End Housing Ratio | 0% |
| Gross Monthly Income | $0 |
| Monthly Non-Housing Debt | $0 |
| Total Listed Monthly Obligations | $0 |
DTI is only one part of mortgage qualification. Loan programs and underwriting methods differ, and particular obligations may be treated differently depending on documentation and program requirements.
Evaluate Rental Income Against Property DebtDSCR CALCULATOR
Estimate an investment property’s debt-service coverage ratio by comparing qualifying monthly rental income with the property’s monthly housing obligation.
Gross Monthly Rental Income
Qualifying Rent Percentage (%)
Use 100% unless you specifically want to model a reduced qualifying-rent assumption.
Monthly Principal & Interest
Monthly Property Taxes
Monthly Insurance
Monthly HOA / Association Dues
Estimated Results
Estimated DSCR
| Qualifying Monthly Rent | $0 |
| Monthly Housing Obligation | $0 |
| Monthly Income Cushion | $0 |
| Gross Rent Needed for 1.00 DSCR | $0 |
| Gross Rent Needed for 1.15 DSCR | $0 |
| Gross Rent Needed for 1.20 DSCR | $0 |
| Gross Rent Needed for 1.25 DSCR | $0 |
DSCR calculations and qualifying-rent rules vary by lender and loan program. This tool is intended for scenario planning and does not represent a credit decision or program approval.
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