Home / Calculators
Plan with confidenceMortgage calculators.
Nine free tools for buyers, homeowners, and investors. Run the numbers here, then send us the scenario and we'll shop it across our lender network for an exact quote.
Every calculator has its own link. Realtors and clients can jump straight to one tool, for example igniteloanpartners.com/calculators#dscr.
Buying a home
Start with the payment, check the budget, then see what a specific program costs to get into.
What would my monthly payment be?
Model a purchase in seconds: price, down payment, rate, and term. The result is principal and interest only, so add property taxes, homeowners insurance, and any HOA dues for your true monthly cost.
Compare loan programs →For illustration only. Excludes taxes, insurance & HOA. Subject to credit approval. Not a commitment to lend.
30-year fixed at 6.000% · excludes taxes, insurance & HOA
Get pre-approved →How much home can I afford?
A quick read on your budget from income, monthly debts, and down payment. Lenders look at your full picture, including credit, reserves, and the property, so treat this as a starting point and get pre-approved for a real number.
Conventional loan basics →Estimate only. Assumes about 43% debt-to-income with roughly 18% of the housing budget reserved for taxes and insurance. Not a pre-approval or commitment to lend.
Car loans, student loans, credit card minimums. Not rent or utilities.
30-year at 6.000% · 43% debt-to-income · ~18% of the housing budget reserved for taxes & insurance
Get pre-approved →How much do I need for an FHA loan?
FHA loans start at 3.5% down and add mortgage insurance premiums (MIP), one upfront and one monthly. See what those add up to at a given price, plus an estimated payment.
About FHA loans →Estimate only. MIP rates and loan limits subject to FHA guidelines. Not a commitment to lend.
Estimated minimum cash to close: $17,500+. Actual closing costs vary and sellers can contribute toward them. We give you a precise Loan Estimate at application.
See what you qualify for →When does PMI drop off my loan?
Put less than 20% down on a conventional loan and you'll pay private mortgage insurance until you reach 80% loan-to-value. See the estimated monthly cost and the balance where it goes away.
About conventional loans →PMI estimate is illustrative (roughly 0.5% to 1% annually based on credit and LTV). Actual PMI varies by lender and credit profile. Not a commitment to lend.
PMI drops off once your balance reaches $400,000 (80% loan-to-value), about $50,000 of principal from now. You can also request removal early if your home appreciates.
Get pre-approved →Estimate a jumbo payment
Above the conforming limit, each lender sets its own rules on credit, reserves, and documentation. Enter your price and down payment to see the loan amount, an estimated payment, and whether the loan is actually jumbo.
About jumbo loans →Estimate only. Excludes taxes, insurance & HOA. Jumbo guidelines vary by lender. Not a commitment to lend.
A $1,200,000 loan is above the $806,500 conforming limit, so this would be a jumbo loan. Jumbo lenders set their own guidelines on credit, reserves, and documentation, and we shop them side by side.
30-year fixed at 6.000% · excludes taxes, insurance & HOA
Get a jumbo quote →Refinancing
Lower the payment, shorten the term, or turn equity into cash. These two tools show the trade-offs, including closing costs.
Could refinancing save me money?
Compare your current payment to a new rate and term, including closing costs. You'll see monthly savings, how long it takes to break even, and whether resetting the clock adds interest over the life of the loan.
Refinance programs →Estimate only. Principal and interest only; excludes taxes, insurance, and escrow changes. Closing costs vary. Not a commitment to lend.
You'd save $402/mo and recover your closing costs in about 15 months. But resetting to a 30-year term adds 5 years of payments and roughly $29,353 in total interest. A shorter term or extra principal payments can keep the monthly savings without the added interest.
30-year at 6.000% · principal & interest only
See your refinance options →How much equity can I access?
Most cash-out refinances cap the new loan at 80% of your home's value. Enter your estimated value and current balance to see the maximum new loan, your loan-to-value, and the cash you could take out before closing costs.
About cash-out refinancing →Illustrative only. Actual proceeds depend on appraisal, credit, program limits, and closing costs. Not a commitment to lend.
You have solid equity. A cash-out refinance could access these funds at mortgage rates, which are typically far lower than personal loans or credit cards.
See your cash-out options →Investors & self-employed
Qualify on the property's cash flow or your bank deposits instead of tax returns.
Does this rental qualify on cash flow?
Debt service coverage ratio (DSCR) loans qualify the property, not your tax returns. Divide gross rent by the full monthly payment (PITIA). Most programs want 1.0 or higher, and 1.25 and up gets the best terms.
About DSCR loans →Estimates only. Program minimums vary by lender. Not a commitment to lend.
Principal, interest, taxes, insurance & HOA
Rent covers the payment with room to spare. This property qualifies on most DSCR programs.
Apply for a DSCR loan →What income could I qualify with?
Self-employed? Bank statement programs use your deposits instead of tax returns. Personal statements typically count around 80% of deposits; business statements apply an expense factor that depends on your industry.
About bank statement loans →Estimate only. Qualifying income depends on lender, statement type, and program. Not a commitment to lend.
We may be able to use $24,000/month as qualifying income with no tax returns required. Business statements apply an expense factor (often 50%) that varies by lender and industry.
See what you qualify for →Calculator questions, answered.
How much house can I afford?
A common guideline is keeping total monthly debt payments, including the new mortgage, at or below about 43% of gross monthly income. The affordability calculator above applies that rule and reserves part of the housing budget for taxes and insurance. Your real number comes from a pre-approval, which also weighs credit, assets, reserves, and the property itself.
How does refinancing save money, and what is break-even?
Refinancing replaces your current loan with a new one, usually at a lower rate or a different term. Break-even is how many months of monthly savings it takes to recover the closing costs. If you plan to stay in the home longer than that, the refinance likely pays off. The refinance calculator also shows whether resetting to a new 30-year term adds interest over the life of the loan.
What is DTI (debt-to-income ratio)?
DTI is your total monthly debt payments divided by your gross monthly income. Most loan programs prefer a DTI at or below 43%, though some non-QM programs allow higher. A lower DTI generally means better loan terms and more options.
What is DSCR, and what ratio do I need?
Debt service coverage ratio compares a rental property's gross monthly rent to its full monthly payment (principal, interest, taxes, insurance, and HOA). A DSCR of 1.0 means rent exactly covers the payment. Most DSCR programs require 1.0 or higher, and 1.25 and up typically earns the best pricing. Some lenders offer programs below 1.0 with larger down payments.
Why do the calculators start at 6%?
The 6% figure is a placeholder so each tool shows a working example. It is not a rate we are offering. Mortgage rates change daily and depend on your credit, loan type, property, and down payment. Replace it with the rate you have been quoted, or ask us for today's pricing on your scenario.
How accurate are online mortgage calculators?
They give reliable ballpark estimates based on the inputs you provide. Your actual loan terms depend on full underwriting, including credit score, property type, down payment, and lender guidelines. Use the calculators to plan and compare scenarios, then get a real quote from our team.
Ready for real numbers?
Calculators are a great start. For an exact quote tailored to your situation, let's talk. No pressure, and no credit impact to start.