“Super impressed with how fast and smooth the whole process was — especially given my complex RSU comp structure that traditional banks kept discounting.
Eric and the team had no problem including my full base + RSU compensation. They were extremely fast, set clear expectations from the start, and followed through on everything they promised.
Honestly one of the easiest and most stress-free mortgage experiences I’ve ever had. Highly recommend!”
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.
Basic Mortgage Calculators
Start with the numbers every buyer and homeowner needs: the monthly payment on a given price, how much home your income supports, whether renting or buying comes out ahead, what a refinance saves, the cash required at closing, and how a temporary buydown changes the first years of payments.
Mortgage Calculator
Calculate your estimated monthly mortgage payment, including principal, interest, taxes, homeowners insurance, and HOA dues.
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Home Affordability Calculator
Estimate how much home you may be able to afford based on your income, debts, down payment, and expected housing costs.
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Rent vs. Buy Calculator
Compare the cost of renting with the cost of buying a home based on your rent, target home price, down payment, and timeline.
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Refinance Calculator
Compare your current mortgage with a new loan to estimate potential payment savings, refinance costs, and break-even timing.
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Specialty & Non-QM Mortgage Calculators
Explore mortgage calculators built for borrowers using specialized financing programs. Compare ARM loans with fixed-rate payments, estimate qualifying income with a bank statement loan, calculate borrowing power with an asset depletion mortgage, or evaluate rental property cash flow with a DSCR loan.
Asset Depletion Mortgage Calculator
Estimate how much mortgage financing your cash, investments, retirement accounts, and other eligible assets may support.
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DSCR Calculator
Estimate a rental property’s debt service coverage ratio and see whether its cash flow may qualify for a DSCR loan.
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Mortgage Tools and Resources for Homebuyers
Use LendFriend’s mortgage rate alerts, housing market insights, and expert homebuying and mortgage 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 depend on credit, income, assets, reserves, property type, and loan amount, so treat the estimate as a starting point rather than a quote.
How is income calculated for a bank statement loan?
A bank statement income calculator estimates qualifying income from deposits shown across 12 or 24 months of personal or business statements, removing transfers and non-income items and applying an expense factor to business accounts. A bank statement loan then uses that figure in place of tax-return income. Knowing how lenders review bank statements before you run the numbers keeps the estimate realistic.
Are bank statement loans available in every state LendFriend serves?
Yes. Self-employed borrowers can run the calculator and then apply for bank statement loans in Texas, Florida, and California, along with the other states where LendFriend is licensed. Loan limits, expense factors, and program availability differ by lender, so each state page covers the guidelines that apply locally.
How does an asset depletion income calculator work?
An asset depletion calculator reviews eligible investment, retirement, and liquid assets and divides the usable balance by the number of months the loan program allows, producing a monthly qualifying income. An asset depletion mortgage uses that income in place of employment income, and the asset depletion mortgage requirements determine which accounts count and at what percentage.
Where can I get an asset depletion loan?
Asset depletion loans are available in every state where LendFriend is licensed, with dedicated guidelines for high-net-worth buyers in Texas, Florida, and New Jersey. Retirees, executives, and investors in those markets frequently qualify on brokerage and retirement balances rather than a paycheck.
What if my tax returns do not support the payment the calculator shows?
A calculator estimates the payment; it does not decide how your income is documented. When tax returns understate real earnings because of business deductions, stock compensation, or asset-based wealth, a non-QM loan can qualify you on bank statements, assets, or rental cash flow instead. Comparing the best non-QM lenders shows how widely those programs vary.
Can a mortgage calculator estimate payments for a rental property?
Yes, but investors should also evaluate rental income and the property’s debt service coverage ratio. A DSCR loan qualifies primarily on the property’s cash flow rather than personal income, and the best DSCR loan lenders differ on minimum ratios, reserves, and prepayment terms.
Do calculator results change from state to state?
The formula is the same, but the inputs are not. Property taxes, homeowners insurance, and closing costs vary widely, so the payment on the same purchase price looks different for Texas, Florida, California, and New Jersey buyers. Use local tax and insurance figures for the most accurate estimate.
How can a refinance calculator help me evaluate a new loan?
A refinance calculator compares your current mortgage with a potential new loan, including the estimated payment, closing costs, and break-even period. Reviewing available refinance options alongside that break-even figure shows whether a new loan supports your goals. It also helps to understand what happens to your escrow account when you refinance before closing.
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 depends on the property, occupancy, credit profile, and the maximum loan-to-value the program allows.
Should I use a buydown or negotiate a lower price?
The buydown calculator shows how much a temporary buydown lowers the payment and the seller concession needed to fund it. Temporary buydowns may also be available with certain non-QM loans, giving self-employed borrowers, investors, and other buyers using alternative financing a way to reduce their initial monthly payments. Whether that beats a price cut depends on how long you plan to keep the loan, and the comparison of seller concessions and price reductions walks through the math. Permanent rate buydowns are worth a look when you expect to hold the mortgage for many years
How much house can I afford?
The affordability calculator combines income, monthly debts, down payment, and expected housing costs into a target price range. Most programs cap total monthly debts near 43% to 50% of gross income, and the walkthrough of how much house a $100K salary affords shows how those limits play out. Down payment gift funds can widen the range when savings are the constraint.
BORROWER TESTIMONIALS
See Why Borrowers Call Us the Best Mortgage Broker
From first-time homebuyers and business owners to jumbo borrowers and clients with complex income, see what borrowers across the country say about working with LendFriend Mortgage.
★★★★★
“LendFriend is the absolute best. I found them after I was denied by a lender due to an appraisal issue. I spoke with dozens of lenders, but LendFriend was the only one that could figure out a solution. They were able to close my jumbo loan in less than 3 weeks and hit my closing date. If you need a lender to step in and save the day, call LendFriend!”
“I recently used LendFriend for my home purchase, and they were fantastic! The team was professional, responsive, and truly caring. They explained everything clearly, answered all my questions, and made the process smooth and stress-free.
What really sets them apart is their forward-thinking approach—they accept cryptocurrency holdings as proof of income/assets, which was a game-changer for me and made qualifying so much easier. Communication was excellent, they secured a great rate, closed on time with no hidden fees, and their online portal was super easy to use.
If you want a modern lender that puts you first, embraces crypto, and delivers results, choose LendFriend. I’ll recommend them to everyone—thank you for making my dream home possible!”
“As a 1099 worker with non-traditional income history, Eric was able to think outside the box and help me find a mortgage for my first home. The company was always problem-solving and the process was seamless. I have already recommended them to several other friends and colleagues. If you are a non-traditional borrower or are looking for someone that can come up with creative solutions, check out LendFriend!”
“The team at LendFriend made buying our home in Florida so easy. We had an expiring lease and LendFriend was able to move very quickly to get us closed in under 30 days before the lease ended. They also got us a great rate on a jumbo loan and were available day and night to answer all of our questions. If you’re looking for a mortgage broker that makes the process stress-free while still getting you a great rate, you have to call LendFriend.”
“LendFriend made my homebuying experience so easy. As a business owner, I heard horror stories about how hard it can be for guys like me to get a mortgage. Thankfully I found LendFriend. Eric and the team had me approved in no time. My rate was great and they closed on time. Couldn’t ask for more.”
“Financing a home with acreage and unconventional retirement income can be overwhelming, but LendFriend Mortgage made the process smooth from beginning to end.
They were always quick to respond, answered every question we had, and explained each step in a way that was easy to understand. We always had direct access to the people actually working on our loan, which made the experience much less stressful.
What really stood out was that even after the loan funded, they continued helping and making sure we understood the next steps. There was never a feeling of “the loan closed, good luck.”
We truly appreciated the patience, communication, and support through the entire process and would absolutely recommend LendFriend Mortgage, especially for anyone with a unique financial situation or rural property purchase.”
“Eric and his team went above and beyond to help us with our home purchase. Our realtor recommended LendFriend to us and we couldn't have been happier with the recommendation. They were so nice and answered every question we had no matter how insignificant it seemed.”