LendFriend Mortgage
Calculators
Run the numbers, compare your options, and get a clearer picture of what you may be able to afford, borrow, or invest in. Use our mortgage calculators to estimate monthly payments, home affordability, down payment needs, refinance savings, and rental property cash flow.
Mortgage Tools and Resources for Homebuyers
Use LendFriend’s mortgage rate alerts, housing market insights, and expert homebuying resources to compare loan options, understand market conditions, and make informed decisions before purchasing or financing a home.
LendFriend's Rate Alerts
Thousands of smart homebuyers and homeowners have used LendFriend’s rate alerts to lock in lower rates at just the right time — saving money on their mortgage payments for years to come. Here are just 2 examples of borrowers who saved thousands with our Rate Alert.
The REcap: Mortgage and Market Insights
Stay ahead of the market with weekly insights on mortgage rates, housing trends, and what’s driving the U.S. economy — all in one place from the LendFriend team. Delivered straight to your inbox every Monday at 9AM CT.
LendFriend's Learning Center
Your go-to resource for mortgage advice, real estate trends, and expert educational content. Our guides will help you succeed at refinancing with confidence when the time is right.
Mortgage Calculator FAQs
Can a mortgage calculator estimate payments for jumbo loans?
Yes. Enter the expected loan amount, interest rate, term, property taxes, homeowners insurance, and HOA dues to estimate the payment on a larger mortgage. Final pricing and qualification for a jumbo loan will depend on your credit, income, assets, reserves, property, and loan amount.
How is income calculated for a bank statement loan?
A bank statement income calculator can estimate qualifying income using deposits shown across 12 or 24 months of personal or business bank statements. Eligible deposits are reviewed, non-income transfers are removed, and an expense factor may be applied to business statements. Explore self-employed home loans for borrowers who qualify without relying solely on tax returns.
How does an asset depletion income calculator work?
An asset depletion calculator estimates monthly qualifying income by reviewing eligible investment, retirement, and liquid assets and dividing the usable balance according to the loan program’s guidelines. An asset depletion mortgage can help borrowers qualify based on financial assets rather than traditional employment income.
Can a mortgage calculator estimate payments for a rental property?
Yes, but investors should also evaluate the property’s rental income and debt service coverage ratio. A DSCR loan may qualify primarily on the property’s cash flow rather than the borrower’s personal income.
Can I use a mortgage calculator for a VA loan?
Yes. A calculator can estimate principal, interest, property taxes, homeowners insurance, and applicable HOA dues. Eligible borrowers should also account for the VA funding fee when reviewing a VA loan, unless they qualify for an exemption.
Can a mortgage calculator show how much equity I can access?
It can provide an initial estimate based on your home’s value, current mortgage balance, and projected new loan amount. The amount available through a cash-out refinance will depend on the property, occupancy, credit profile, and maximum loan-to-value allowed by the program.
How can a refinance calculator help me evaluate a new loan?
A refinance calculator can compare your current mortgage with a potential new loan, including the estimated payment, closing costs, and break-even period. Review available refinance options to determine whether a new loan supports your financial goals.
When should I get preapproved after using a mortgage calculator?
Once you have a target payment or purchase price, a preapproval can verify your buying power using your credit, income, assets, debts, and preferred loan program. LendFriend’s homebuying team can turn the calculator estimate into a personalized financing plan.
Can a mortgage broker help me find a better mortgage rate?
Yes. A mortgage broker can compare rates, fees, and loan programs across multiple lenders instead of limiting you to one bank’s options. LendFriend Mortgage reviews your income, assets, credit, property, and goals to help identify competitive conventional, government, jumbo, investment-property, and non-QM financing.