Borrower Tools

Future Home Value Calculator

Home values don’t typically go straight up. Like other commodities, values can rise and fall. Yet over time, real estate has traditionally risen an average of approximately 5% per year. As a result, your home’s future value may grow more than you think possible, and the equity accumulated can end up representing the majority of your total future net worth. Use the calculator to estimate what your home may be worth someday.

Principal & Interest Calculator

Use this simple calculator to see exactly what the principal and interest portion of a total monthly housing payment would be for any loan amount, term, and interest rate combination. Just remember that a typical monthly payment also includes taxes; hazard insurance; mortgage insurance when your down payment is less than 20% of the purchase price; and, if applicable, a condo/co-op or homeowners association fee. When you’re considering the cost of homeownership, it’s wise to account for utilities and maintenance, too.

Monthly House Payment Calculator

A lot of people shop for homes based on price. When you finance your purchase with a mortgage loan, it pays to consider total monthly housing payment, too. If a relatively inexpensive home has high taxes, insurance costs or fees, it might require a higher monthly payment than a home with a higher initial price and lower monthly costs. Use this calculator to estimate the total monthly housing payment for any home you’re considering and determine if it’s truly affordable for you.

Mortgage Free Simple

Owning your home “free and clear” may be easier to achieve than you believe. Use this calculator to see how much extra you would need to add to your regular payment so you can pay off your mortgage loan early. As you’ll see, a relatively small extra investment can make a big difference over time.
Just remember that the monetary value of an early pay-off equates to what you save in interest. Since mortgage interest can often be tax deductible, there may be better ways to use your cash to build wealth. Always check with your financial advisor before making these types of decisions.

Pre-Qualification Checklist

  • Name

  • Current Address

  • Annual Household Income

  • Estimated Monthly Expenses

Pre-Approval Checklist

Credit Information

  • Review Your Credit Information

Income Documentation

  • Gather last two years of tax returns

  • Gather two months of pay stubs

  • Last two months of bank statements

Asset Documentation

  • Gather bank statements from all deposit and investment accounts

  • Gather any additional assets (i.e. car, real estate)

  • Gift letters (if family members are helping with down payment)

  • Itemized list of monthly expenses

Other Additional Documentation

  • Social Security card

  • W2s

  • Driver’s license

  • Social Security letter (if applicable)

  • Retirement accounts (if applicable)

  • VA Certificate of Eligibility (for VA Loans only)

  • Employment history for the last two years

  • Home documentation (if applicable)

  • Deed of Trust

  • Mortgage statement

  • HOA dues

Ready to Get Started?

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