FREE MORTGAGE
CALCULATORS
THESE CALCULATORS ARE FREE TO YOU TO USE AS MUCH AS YOU LIKE IF YOU NEED MORE INFO FEEL FREE TO CONTACT US
RENT VS. OWN CALCULATOR
When it comes to deciding what will be better financially, you can’t just go with your gut. This calculator will take you through a cost comparison between owning and renting a property. Run the numbers, and guide your client accordingly.
Rent = Mortgage Payments | Rent = Total Payments | Rent Spent | |
|---|---|---|---|
| Maximum Purchase Price: | Monthly Rent: | ||
| Improvements: | Rent spent over the entire mortgage: | ||
| Mortgage Insurance: | |||
| Down Payment: | |||
| Mortgage Balance: | |||
| Mortgage Payment: | |||
| Income Required: | |||
| Total Monthly Payment (mortgage payment+tax+condo fee) |
Rent = Mortgage Payments | |
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) | |
Rent = Total Payments | |
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) | |
Rent Spent | |
|---|---|
| Maximum Purchase Price: | Monthly Rent: |
| Improvements: | Rent spent over the entire mortgage: |
Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.
MORTGAGE PAYMENT
Getting a mortgage is one of the biggest financial commitments you will ever make. Our mortgage payment calculator will help you determine whether or not you can afford the monthly payments. Let’s take an honest look at where you are, and help you move towards your goal.
CLOSING COST
The Mortgage Allies closing costs calculator will help you find out what the total closing costs on your new home will be. Use this calculator to get a better idea of the total expense you can expect – this way you won’t feel too wounded when the bill comes.
MAXIMUM PURCHASE PRICE
Before you can take the first step, you need to understand your position. Use this calculator to see what you can qualify for. Once we’ve got the correct information, we can evaluate the setup and move you towards getting pre-approved for a mortgage.
BRIDGE LOAN
Things don’t always go to plan, and that’s why we’ve developed a bridge loan calculator. The process may be simpler than what you imagined – run the numbers with our calculator, and let’s get you on the right track with your mortgage.
RENT VS OWN
Still wondering whether you should continue renting a spot or buy a place of your own? Our rent vs own calculator will help you determine what the costs of each option would be, and whether or not buying a place of your own would be affordable.
DEBT COVERAGE RATIO
In order to feel confident about your mortgage, you need to first make sure you’re able to cover the costs. All of the costs. Our Mortgage Allies debt coverage ratio calculator will help you ensure that your overall monthly debt and home expenses can be covered by your total monthly income.
FIRST-TIME HOME BUYER INCENTIVE
Our First-Time Home Buyer Incentive (FTHBI) calculator will help you make the most of this incentive. Put in the relevant information, and we can show you how to make the most of this program.