Mortgage Calculator

by Rob Mayoff

The sale price of the property is $.

I expect to "bail out" of the loan in years, by selling the property or paying off the loan (possibly by refinancing).

I have $ in cash up front to cover the downpayment, points, and lender fees. I have $ per month to spend on payments. What I don't spend on those, I'll invest at % interest (compounded monthly).

My tax rate is %. Since the loan interest is deductible, this is equivalent to having that percentage of the interest paid for me, leaving extra monthly income to invest or apply to the principal. I'm assuming that the deduction will not move me to a lower tax bracket.

At any time, you can save the all of the data you've entered simply by making a bookmark.

Dup Del Name Max
Down
Down
$
Years Rate
%
Points
%
Fees
$
Max
Extra
Extra
$/Month
Invest
Tax
Savings?
$ Due at
Closing
Required
Payment
Total
Payment
Bail-out
Equity
Bail-out
Investment
Bail-out
Total
30 Year
Investment