Mortgage Payment Calculator
Select your loan program — MI/PMI factors auto-populate based on LTV and program guidelines. Adjust any field to customize your full payment breakdown.
Rate & Cost Comparison
Enter up to 3 rate options with any discount points or lender credits. See the exact monthly payment for each, the payment difference between them, and the precise breakeven in months between every pair of options.
Everyone assumes the goal is the lowest rate and payment. That sounds right… until the math tells a different story.
What if you’re paying $1,000 to save only $100? That’s not savings, that’s a loss. This is where recapture analysis becomes critical. Evaluating the tradeoff between discount points and lender credits before locking a rate is one of the most important financial decisions in the process.
Discount points are a one-time cost used to buy down your interest rate, increasing your upfront closing costs. Lender credits work in the opposite direction, providing a one-time credit to offset third-party fees and prepaids, reducing what you bring in at closing.
Both are priced as a percentage of your loan amount. The key is understanding how long it takes to recover that cost or benefit. That’s the recapture, and it’s where the real decision should be made.
10 / 15 / 20 / 30-Year Term Comparison
See how loan term affects your monthly payment, total interest paid, and equity growth. Compare all four fixed-rate terms side by side.
Refinance Breakeven Calculator
Enter your current loan and proposed new loan details. See monthly savings, exact breakeven month, and long-term net savings — so you can make the decision with full clarity.
Rent vs. Buy Comparison
Is buying better than renting? Enter your rent and home purchase details to see the true cost of each path — including home appreciation, equity built, and the break-even point where buying wins.
Slide to see how delaying the purchase by 1–10 years affects wealth vs. buying today. Home price rises with your appreciation rate; down payment grows with investment return; rent accumulates as a real cost.
Clip the wealth chart to your expected ownership window and compare it against the full term side-by-side.
Temporary Rate Buydown Calculator
A temporary rate buydown reduces your interest rate for the first 1–3 years of the loan, then steps back up to the note rate. The cost is paid upfront — almost always by the seller as a concession — and held in escrow, disbursed monthly to subsidize your payment.
How a Temporary Buydown Works
The seller deposits the full buydown cost into an escrow account at closing. Each month during the buydown period, funds are drawn from that account to cover the difference between your reduced payment and the full note-rate payment. Once the buydown period ends, your payment adjusts to the full rate — permanently.
Key facts:
- Must be paid by the seller (or another third party — builder, employer). You cannot pay for your own buydown under conventional guidelines.
- The buydown cost counts against the seller's contribution limits, the same as any other concession.
- You qualify at the note rate, not the reduced rate — the lower payments are a benefit, not a qualification tool.
- If you refinance or sell during the buydown period, any unused funds in escrow are credited back to you.
- Common in purchase markets when sellers need to offer concessions; less common in refinances.
Types covered: 3/2/1 — rate reduced by 3% Yr1, 2% Yr2, 1% Yr3. 2/1 — reduced by 2% Yr1, 1% Yr2. 1/1 — reduced by 1% Yr1 and Yr2. 1/0 — reduced by 1% Yr1 only.