Initial illustrative inputs only. The disclosures below do not update when you edit the calculator and are not quotes, approvals, or a promise of savings. Rates change daily. Everything stays in your browser; we don't see or store it.
Example only (Initial purchase inputs): $680,000.00 loan; $170,000.00 down; 30-year fixed; 6.750% interest rate, 6.750% APR; $0.00 cash-paid prepaid finance charges (no discount points); 360 monthly P&I payments of about $4,410.47, no balloon; first payment in one month. No mortgage insurance assumed; taxes, property insurance and HOA excluded; actual payment higher. Not a quote/approval; rates change daily; your rate, APR and terms will differ.
Initial housing-cost assumptions: $850,000.00 price; 1.250% annual property tax, 0.500% annual homeowners insurance, $0.00 monthly HOA. These are planning placeholders, not property-specific quotes. Mortgage insurance is $0 at the initial 20% down payment.
Example only (Initial future-purchase inputs after the wait): $680,000.00 loan; $170,000.00 down; 30-year fixed; 6.750% interest rate, 6.750% APR; $0.00 cash-paid prepaid finance charges (no discount points); 360 monthly P&I payments of about $4,410.47, no balloon; first payment in one month. No mortgage insurance assumed; taxes, property insurance and HOA excluded; actual payment higher. Not a quote/approval; rates change daily; your rate, APR and terms will differ.
Initial wait: 12 months; 0.000% annual appreciation, not a forecast; $3,000.00 monthly rent. Rent is a separate cash outflow, not a net loss.
Insurance is set to 0.50% a year as a placeholder, not an average or a quote. In fire-prone areas it can cost much more, so get a quote for the actual address. Mortgage insurance and program fees are excluded.
