Mortgage Calculators

Davis Monroe Financial LLC · self-help estimating tools

Loan Details

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An extra monthly payment is money added on top of your normal payment that goes straight to the loan balance (principal). Because you owe less sooner, you're charged less interest over time — so even a small amount each month can shave years off the loan and save thousands.

💡Even $25–$50/mo makes a real dent — try an amount above to see the impact.
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Property tax, insurance, and PMI auto-fill from your price, loan, and down payment using 2026 averages — type over any of them to use your own figures.

Discount points
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Discount points are an up-front fee paid at closing to buy a lower interest rate. Rule of thumb: 1 point = 1% of the loan amount and lowers the rate by roughly 0.25% (this varies by lender and market). Points only pay off if you keep the loan past the break-even point shown below.

Estimated Monthly Payment
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Principal & interest: $0
Loan Amount
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Total Interest
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Payoff Date
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Est. APR
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$0 closing fees
Monthly P&I
$0
PMI Status
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Amortization Schedule

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Your Buying Power

Estimate the home price and loan you may qualify for, based on standard debt-to-income guidelines.

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pts
Points are paid in cash at closing, lowering the down payment available.
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Estimated Home Price You Can Afford
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Loan amount: $0
Max Monthly Housing (PITI)
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Max Principal & Interest
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Limited By
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How We Got There

Front-end ratio caps housing costs at a share of income. Back-end ratio caps total debt (housing plus other monthly debts). We use the lower of the two. Lender and program guidelines vary.

Refinance Details

Compare your current loan to a new one and find your break-even point.

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Each discount point costs 1% of the new balance and lowers the new rate by about 0.25%. Points are added to your closing costs in the break-even below.

Monthly Payment Change
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Current Payment (P&I)
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New Payment (P&I)
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Break-Even
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Interest Left (Current)
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Interest (New + Costs)
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Lifetime Difference
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Summary

Adjustable-Rate Mortgage

Project how an ARM payment could move once it starts adjusting. Caps limit each change and the lifetime maximum.

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Initial Payment (P&I)
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fixed for the intro period
Max Possible Payment
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Max Rate (Lifetime Cap)
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First Adjustment
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Projected Rate & Payment

PeriodRatePayment (P&I)Change

Projection uses your expected per-adjustment change, limited by the periodic and lifetime caps. Actual ARM rates track an index plus a margin and will differ.

Compare Three Loans

Enter up to three scenarios side by side. The lowest total cost is highlighted.

 Loan ALoan BLoan C
Loan Amount
Interest Rate (%)
Term (years)
Up-front Fees ($)
Discount Points (% of loan)

Results

 Loan ALoan BLoan C

Total cost = all payments over the loan term plus up-front fees. A shorter term usually means higher payments but far less total interest.

Saved Scenarios

Scenarios you send from the Payment, Refinance, and ARM tabs are saved here so you can line them up against future ones. Saved in your browser on this device.

No saved scenarios yet. Open Payment, Refinance, or ARM and tap “Send to Comparison.”
Disclaimer: These calculators are provided by Davis Monroe Financial LLC as self-help tools for your independent use and are for estimation purposes only. They do not constitute an offer or commitment to lend, a pre-approval, a rate lock, or financial, tax, or legal advice. Rates, terms, and any pre-filled figures are illustrative only and subject to change without notice. All loans are subject to credit approval. Estimates may exclude certain costs and will vary based on your final loan terms, credit, property location, program guidelines, and other factors. Contact a Davis Monroe Financial LLC loan originator for a personalized quote.