Michelle Grant | Mortgage Planning & Application

HOME BUYERS

Conventional, FHA, VA and USDA financing with a clear plan for down payment, monthly payment and closing costs.

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HOMEOWNERS

Explore refinance, cash-out and eligible streamline options based on your goals and current mortgage.

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INVESTORS

DSCR, bank statement, Fix & Flip and other non-QM financing paths for real-estate investors.

Finance an Investment

ClearToHome · Mortgage planning

Mortgage Payment & Cash-to-Close Calculator

Estimate your full monthly housing payment, borrower DTI, property LTV, and funds needed at closing.

Property & loan details

Purchase Price ($) Down Payment ($) Loan Program Property State Interest Rate (%) Loan Term Annual Property Taxes ($)Estimate; editable for the property. Annual Homeowners Insurance ($)Estimate; editable for the property. Monthly Mortgage Insurance ($) Monthly HOA / Condo Fees ($)

Income & monthly debts for DTI

Gross Monthly Income ($) Credit Card Minimum Payments ($) Auto Loan Payments ($) Student Loan Payments ($) Other Installment Loans ($) Other Recurring Monthly Debts ($)Include obligations that may count toward qualifying DTI.

Estimated cash to close

Base Closing Costs ($) Transfer / Deed Taxes ($)Enter a verified local estimate; rules vary. Mortgage / State Taxes ($)Enter a verified local estimate if applicable. Prepaids & Initial Escrows ($) Earnest Money / Deposit ($) Seller / Lender Credits ($)

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Your Estimated Results

Estimated Loan Amount$337,750

Total Monthly Housing Payment$0

Principal & Interest$0

Property Taxes / Month$0

Insurance / Month$0

Mortgage Insurance + HOA$0

Estimated Cash to Close$0

Loan-to-Value (LTV)—

Housing Expense Ratio—

Total Debt-to-Income (DTI)Enter income

Monthly Non-Housing Debts$0

How the numbers are calculated

Monthly payment: principal and interest calculated from loan amount, rate and term, plus monthly taxes, homeowners insurance, mortgage insurance and HOA.

LTV: estimated loan amount divided by property value. For purchase loans, the earnest-money deposit reduces cash due at closing; it does not reduce the mortgage amount unless applied to the down payment in the loan structure.

DTI: monthly housing payment plus the monthly debt payments entered above, divided by gross monthly income. Lender qualifying rules and treatment of debts vary.

Cash to close: down payment plus estimated closing costs, taxes and prepaids, minus deposit and credits. Refinance cash to close is an estimate and must be reviewed against the actual payoff and lender fees.

Planning estimate only—not a Loan Estimate, rate lock, preapproval or lending decision. Verify property taxes, insurance, local taxes, program rules and lender fees.

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For educational planning only. The DTI result is an estimate based on the amounts entered, not an underwriting determination. LTV uses the estimated loan amount and entered property value; appraisal value and program-specific financed fees can change the final ratio.

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