What will it cost a month?
Drag the sliders. Principal and interest, taxes, insurance, and PMI — all included. We'll show you the math behind every number.
Your scenario
Every number updates instantly. None of this is saved or shared.
Includes P&I, taxes, insurance and PMI. Excludes any escrow shortfall.
What can you afford?
This works backward from your income and existing debts. Nothing is saved, shared, or checked against your credit.
Based on a $3,650/mo housing budget after your existing debts.
This is an educational estimate, not a pre-qualification. Real approval also depends on credit score, reserves, employment history, and the loan program — and lenders count the full payment including PMI, taxes, and HOA. Talk to Shane before you shop.
Should you refinance?
A lower rate isn't automatically a win. This shows how long it takes to earn back the closing costs — and what the new term does to your total interest.
You'd recover $6,800 in closing costs by month 19. Stay past that and the refinance is ahead.
Estimates principal and interest only — your escrow for taxes and insurance carries over separately. Break-even assumes you keep the loan; selling or refinancing again before that point means the closing costs never get earned back.
A plain-English cash-to-close starting point.
This is a separate educational worksheet, not the regulated Loan Estimate. Your official lender and title disclosures control. Documentary stamps on the deed aren't included — in Florida the seller customarily pays them.
Estimated cash to close
Preparing the worksheet…
What if you went with 15 years instead? Or rode an ARM?
Illustrative rates on a $340,000 example loan, not quotes.
Let's pressure-test them with a real lender.
The calculator is a useful first pass. A real pre-qualification gives you a number you can put on an offer.