Calculators, terminology guides, and practical mortgage knowledge to help you make confident decisions.
These tools are being built out. In the meantime, reach out to Al directly for accurate, personalized numbers based on your actual file.
Enter your loan details to get an estimated monthly payment including principal, interest, and optional tax/insurance estimates.
Based on your gross income, monthly debts, and target down payment, estimate the price range of homes you can comfortably afford.
Divide your closing costs by your monthly savings to find how long it takes for a refinance to break even. Critical before committing to any refi.
Your DTI is one of the most critical qualifying factors. Most conventional loans require a DTI below 43-45%. Calculate yours before applying.
Online calculators are useful for ballpark figures. For accurate rate quotes based on your actual credit profile, income, and property, contact Al directly. A real pre-qualification takes 15 minutes and uses actual lender pricing - not generic assumptions.
Six terms that come up on almost every loan. Understanding these before you start will make every conversation with your lender faster and clearer.
The true annual cost of your loan, expressed as a percentage. APR includes not just the interest rate but also fees, points, and certain closing costs. Always compare APR, not just the interest rate, when evaluating loan offers.
The percentage of your gross monthly income that goes toward monthly debt payments. Lenders look at two DTI figures: front-end (housing costs only) and back-end (all debts). Most conventional loans require a back-end DTI below 43-45%.
Your loan amount divided by the appraised property value, expressed as a percentage. A $280,000 loan on a $350,000 home = 80% LTV. LTV directly affects your rate, PMI requirements, and available loan programs.
Insurance required on conventional loans when your down payment is below 20%. PMI protects the lender, not you. It can typically be removed once you reach 20% equity in your home, unlike FHA mortgage insurance premium (MIP).
Fees paid upfront at closing to reduce your interest rate. One point equals 1% of the loan amount. Paying points makes sense when you plan to stay long enough to recoup the cost through monthly savings.
A lender-managed account that holds a portion of each monthly payment to cover property taxes and homeowner's insurance when they come due. Most conventional loans with less than 20% down require an escrow account.
Al is available to walk through any of these concepts with you - at no cost and with no obligation to apply.
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