Mortgage Tools
Free calculators to help you make confident home financing decisions.
Loan Details
Home Price $400,000
Down Payment $80,000 (20%)
Interest Rate 6.50%
Loan Term
Annual Property Tax
$ /yr
Home Insurance
$ /yr
Your Estimate
Monthly Payment
$2,528
Principal · Interest · Tax · Insurance
Loan Amount
$320,000
Principal
$320,000
Total Interest
$403,256
Total Cost
$723,256
44%Principal
56%Interest
Amortization Schedule
Your Home Details
Current Home Value $500,000
Remaining Mortgage Balance $320,000
Original Purchase Price
$
Year You Purchased
Lender Max LTV
Your Equity
Available Equity
$105,000
Estimated amount you could borrow
Total Equity
$180,000
Current LTV
64%
Value Gained
$120,000
Equity %
36%
36%Your Equity
64%Amount Owed
What This Means Based on your inputs, you have significant equity built up. You may be a strong candidate for a cash-out refinance or HELOC.
These calculators provide estimates for informational purposes only and do not constitute a loan commitment or guarantee of any rate or terms.
Rittman Lending Group · NMLS #2588913 · Serving Arizona & Texas