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Mortgage calculatorsMortgage calculators
Run the numbers on payment, affordability, refinancing, and renting vs buying. Results are illustrative estimates—not a quote. For real numbers based on your credit and income, UMortgage+ powered by NEXA Lending, LLC can pre-approve you.
NMLS #1660690
Estimate your monthly mortgage payment
Principal and interest plus taxes, homeowners insurance, and mortgage insurance—the full picture lenders call PITI.
Estimated monthly payment
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- Principal & interest
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- Property tax
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- Insurance
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- MI / PMI
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- Loan amount
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Estimates only. Not a loan offer or commitment to lend. Taxes, insurance, and MI vary by property and program.
How much house can I afford?
Works backward from income, debts, and a target debt-to-income ratio to estimate a maximum price. This is a consumer estimate; actual underwriting may differ.
Estimated maximum home price
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- Max loan amount
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- Down payment
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- Max housing payment
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- Est. monthly PITI
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Estimates only. Not a loan offer or commitment to lend. Taxes, insurance, and MI vary by property and program.
Refinance break-even calculator
Compare your current principal & interest to a new loan and see how many months it takes for savings to cover closing costs.
Months to break even
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- Current monthly P&I
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- New monthly P&I
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- Monthly savings
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Estimates only. Not a loan offer or commitment to lend. Taxes, insurance, and MI vary by property and program.
Rent vs buy: compare over time
A simplified side-by-side: total rent paid versus the net cost of owning (payments, taxes, insurance, HOA, and buying/selling costs, minus equity built through paydown and appreciation).
Over your time frame
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- Total rent paid
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- Owner cash paid*
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- Equity after selling costs
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- Net cost of owning
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- Home value at end
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*Down payment + closing costs + P&I + tax + insurance + HOA. Net cost of owning = cash paid − equity you would walk away with after selling costs. Ignores MI, maintenance, tax deductions, and investment return on the down payment.
Estimates only. Not a loan offer or commitment to lend. Taxes, insurance, and MI vary by property and program.
Calculator FAQs
How does a mortgage payment calculator work?
It uses the standard amortization formula to find monthly principal and interest from the loan amount, rate, and term, then adds one-twelfth of annual property tax and homeowners insurance plus any monthly mortgage insurance. Early payments are mostly interest; over time more goes to principal.
What does DTI mean?
Debt-to-income ratio is your total monthly debt payments—including the new housing payment—divided by gross monthly income. Many loans target about 36%, and automated underwriting may allow up to the mid-40s or higher with strong compensating factors.
How does refinance break-even work?
Divide estimated closing costs by monthly payment savings. If you keep the loan longer than that many months, the refinance pays for itself on payment alone. Resetting the term can lower the payment but increase total interest.
Why is the rent vs buy calculator simplified?
It ignores maintenance, mortgage insurance, tax deductions, and what your down payment could earn if invested, and assumes steady appreciation and rent growth. It is a starting point for a conversation, not financial advice.
Are these calculator results a loan quote?
No. They are illustrative estimates. Your actual rate, payment, and approval depend on credit, income, assets, property, and program guidelines. A pre-approval gives you real numbers.
Educational answers only—not a loan offer or commitment to lend.
Want real numbers instead of estimates?
A pre-approval takes about 15 minutes. Or talk it through with a loan officer at (480) 233-7897.