Assist My Realtor

Cool Calculators

Interactive tools to help you run the numbers on your home purchase or refinance — from monthly payments to buydown mortgage strategies, minimizing monthly cash outflow and enhancing financial wellbeing

Loan Details

$
$

20.0% of home price

%
yrs

Monthly Costs (optional)

$

Divided by 12 for monthly

$

Divided by 12 for monthly

$

If down payment < 20%

Monthly Payment

$2,220

Loan Amount

$288,000

Total Interest

$367,328

Total Cost

$655,328

Principal & Interest
$1,820/mo82.0%
Property Tax
$300/mo13.5%
Home Insurance
$100/mo4.5%
Total$2,220/mo
This calculator provides estimates for educational purposes only. Actual loan terms, rates, and payments may vary. Contact a licensed lender for a formal quote.

Buydown Calculator

Your Financial Profile

$

Before taxes

$

Car, student loans, credit cards, etc.

$
%
yrs

Estimated Monthly Costs

$
$

Estimated Max Home Price

$277,987

Based on 28% front-end / 36% back-end debt ratios

Max Loan Amount

$237,987

Max Monthly Housing

$1,983/mo

Monthly Gross Income

$7,083/mo

Max P&I Payment

$1,583/mo

Debt-to-Income Ratios

Front-end ratio (housing only)28.0% / 28% max
Back-end ratio (all debts)36.0% / 36% max
Estimates use standard 28/36 DTI guidelines. Actual approval depends on credit score, lender requirements, and other factors. Contact a licensed lender for a formal pre-approval.

Buying Costs

$
$
%
yrs
$
$
$

Typically 1% of home value/yr

%

Renting Costs

$
%
%

If you invested instead of buying

yrs

How long you plan to stay

After 7 years…

buying wins by $21,564

Net wealth: Buy -$17,270 vs Rent -$38,834

Buy — Net Wealth

-$17,270

Rent — Net Wealth

-$38,834

Net Wealth Over Time

Net wealth = home equity minus total interest/tax/insurance/maintenance paid (buying) or invested down payment growth minus total rent paid (renting). Excludes closing costs, selling costs, and tax benefits. For illustration only.

Property Details

$
%

US avg ~3–4% historically

yrs

Up to 40 years

Equity Tracking (optional)

$
$

Approx. principal paid per year

Value in 10 Yrs

$423,180

Total Gain

$123,180

Gain %

+41.1%

Projected Equity

$223,180

Annualized return3.50% / yr

Home Value & Equity Over Time

Appreciation rates vary by market and economic conditions. Historical US averages range from 3–5% annually. This calculator is for educational purposes only and does not guarantee future home values.

Overall Blended Interest Rate

7.000%

Weighted average across all debts · Total balance $280,000

Home Loans

7.000%

$280,000 · $1,863/mo

Credit Cards

—

$0 · $0/mo

Installment

—

$0 · $0/mo

Total Monthly Obligation

Home loans $1,863

$1,863/mo

Home Loans
Mortgages / HELOCs1
Loan 1
$
%
yr
Balance: $280,000Blended: 7.000%Pmt: $1,863/mo
Credit Cards
Credit Cards0
Installment Loans
Auto / Student / Personal0

Ready to Explore Your Loan Options?

Now that you've run the numbers, explore the loan programs available to Michigan buyers.

View Loan Programs