Mortgage - Free Calculators

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Loan Background

This mortgage scenario is for February 11, 2007.

The loan borrower's name is Harry.

This borrower wants to get a refinance done on their property.

Example Property Basics

The real estate is a single family residence.

This piece of real estate is in Portsmouth, Virginia.

This property is a primary residence.

Mortgage Background

The loan has a length in years of 30.

The credit report indicates that the credit middle score is 725.

The loan documentation level for this mortgage will be full documentation.

Today's loan rates

The mortgage rate on this loan is 6.38%.

The current annual percentage rate will be 6.47%.

Mortgage Size

The property would be considered worth around $376,250.

The current loan on this property is a $240,800.

The cash out from this refinance is approximately $60,200.

The new loan size is $301,000.

The loan to property value ratio on the property is 80%.

Monthly Mortgage Payment

Each month the mortgage payment is $1,878.

An interest only monthly mortgage payment would be $1,599.

In this example the interest only payment is lower than the regular payment by $279. 

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Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Loan Background

The mortgage scenario is for February 11, 2007.

The name of the loan applicant is Fred.

This mortgage is to get a refinance on the property.

Property Basics

This property would be identified as a single family residence.

This real estate is in Loma Linda, California.

On the mortgage application this property would be identified as a rental property.

The Loan Type

The loan has a length in years of 30.

The middle credit score on the credit report is 740.

The documentation level for this mortgage will be full documentation.

Today's current interest rates

The example mortgage rate on this new loan will be 6.25%.

The APR is 6.35%.

The Loan Amount

This real estate is currently appraised at around $396,250.

The mortgage on the property is a $253,600.

The total borrower cash out will be around $63,400.

The new mortgage loan will be for $317,000.

The loan to property value (LTV) ratio on the property is 80%.

Calculated Mortgage Payment

The payment each month is $1,952.

An interest only monthly loan payment would be $1,651.

In this example the interest only payment is lower than the regular payment by $301. 

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Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Loan Basics

This mortgage scenario date is February 11, 2007.

The name of the loan applicant is Daniel.

The borrower wants to get a refinance the mortgage.

Example Property

The real estate is a single family residence.

This real estate is in Pueblo, Colorado.

The property is a primary residence.

The Loan Type

The length of the loan in years will be 30.

The current credit report indicates that the credit score is 755.

The documentation level for this mortgage will be full documentation.

Today's mortgage rates

The mortgage rate on this new loan will be 6.63%.

The annual percentage rate (APR) is 6.72%.

Loan Amount

The appraisal value of the property is $422,500.

The current loan on this property is a $270,400.

The total amount of cash received is around $67,600.

The new mortgage will be for $338,000.

The loan to value (LTV) ratio on this property is 80%.

Monthly Payment

The monthly mortgage payment on this is $2,164.

If this were an interest only loan the monthly mortgage payment would be $1,866.

This is lower than a regular monthly payment by $298. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Loan Basics

The date for this mortgage scenario is February 7, 2007.

The name of the borrower is Joyce.

The borrower wants to get a refinance the property.

Property Background

This real estate would be considered a single family residence.

This real estate is located in Garland, Texas.

This property would be identified as a primary residence.

Mortgage Type

The length of the loan in years is 30.

This borrower's credit score is 745.

The level of documentation for this loan will be stated documentation.

Current loan rates

The example interest rate on the new loan will be 6.00%.

The loan's annual percentage rate wil be 6.09%.

The Loan Size

The property would be considered worth approximately $402,500.

The mortgage on the property is a $257,600.

The total amount of cash received is approximately $64,400.

The total new mortgage loan size is $322,000.

The loan to value ratio is 80%.

Calculated Loan Payment

The payment each month is $1,931.

If this were an interest only loan the monthly payment would be $1,610.

An interest only loan payment each month saves the borrower $321. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Example

This loan example date is for February 7, 2007.

The mortgage borrower's name is Ruth.

The borrower wants to get a refinance mortgage.

Property

The real estate is a single family residence.

This real estate is in Lubbock, Texas.

The property type is a primary residence.

Loan Type

This loan has a length in years of 40.

The borrower's credit middle score is 760.

The loan documentation level for this mortgage will be stated documentation.

Today's current mortgage rates

The mortgage rate on this mortgage is 6.63%.

The annual percentage rate will be 6.71%.

Loan Size

The appraisal value of the property is $417,500.

The property has a current mortgage of $267,200.

The amount of cash received is around $66,800.

The new total loan size is $334,000.

The loan to property value ratio on this property is 80%.

The Monthly Mortgage Payment

Each month the mortgage payment is $1,985.

An interest only monthly mortgage payment would be $1,844.

In this example this is smaller than a regular monthly payment by $141. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Loan Summary

The mortgage scenario is for February 7, 2007.

This borrower's name is Adam.

This borrower's goal with the mortgage is to get a refinance on the property.

Property Example

This residency type is townhouse.

This real estate is located in La Puente, California.

The property is a primary residence.

Loan Type

The length of the loan in years will be 30.

The most current credit score is 725.

The level of documentation for this loan will be full documentation.

Today's current mortgage loan rates

The example mortgage rate on the new loan will be 6.38%.

The annual percentage rate (APR) is 6.47%.

The Loan Size

This property is currently worth around $413,750.

This property has a current loan of $264,800.

The borrower will cash out around $66,200.

The new total loan size will be $331,000.

The loan to value ratio is 80%.

Monthly Loan Payment

The monthly payment is $2,065.

If the loan were interest only the monthly payment would be $1,758.

An interest only mortgage payment each month saves the borrower $307. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Loan Summary

The mortgage scenario is for February 4, 2007.

The name of the loan applicant is Joyce.

This borrower wants to do a refinance.

Property Basics

This property would be identified as a single family residence.

The property is located in Woodland, California.

This property would be identified as a primary residence.

Mortgage Background

Length of the loan in years is 15.

The borrower has a current credit score of 720.

The documentation level for this mortgage will be stated documentation.

Loan rates today

The mortgage rate on this new loan will be 6.25%.

The APR is calculated at 6.41%.

Mortgage Size

This real estate is currently worth $383,750.

The property has a current loan of $245,600.

The cash out from this refinance is around  $61,400.

The new mortgage loan will be for $307,000.

The loan to value (LTV) ratio on this property is 80%.

The Monthly Mortgage Payment

The new monthly payment is $2,632.

If this were an interest only loan the monthly payment would be $1,599.

This is lower than a regular monthly payment by $1,033. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Loan Basics

This mortgage scenario is for February 4, 2007.

The loan applicant's name is Melissa.

This borrower's goal is to do a refinance.

Example Property Background

This property is a single family residence.

This piece of real estate is located in South Gate, California.

This property type is a rental property.

Mortgage Type

The borrower's loan term in years is 30.

The middle credit score on the credit report is 740.

This borrower's loan will have full documentation.

Today's mortgage rates

The example mortgage rate on this new loan will be 7.50%.

The APR is calculated at 7.60%.

The Loan Size

This real estate property is currently worth $408,750.

The current mortgage loan on the property is a $261,600.

This borrowers wants to cash out around $65,400.

The new loan size is $327,000.

The loan to value ratio on the property is 80%.

The Monthly Payment

The monthly mortgage on this will be $2,286.

If this were an interest only loan the monthly mortgage payment would be $2,044.

In this example this is smaller than a regular monthly payment by $243. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Profile

This mortgage example takes place on February 4, 2007.

The mortgage applicant's name is Willie.

This borrower wants to get a refinance on the property.

Property Summary

This property would be identified as a single family residence.

The property is in Dallas, Texas.

This property would be described as a rental property.

The Loan Type

This borrower's loan term in years is 30.

The current credit middle score is 720.

The documentation level for this mortgage will be full documentation.

Today's current mortgage rates

The mortgage rate for this new loan will be 6.38%.

The mortgage's annual percentage rate is 6.47%.

Loan Size

The appraisal value of the property is $381,250.

The property has a current mortgage of $244,000.

The cash out from this refinance is approximately $61,000.

The new loan will be for $305,000.

The loan to value ratio on the property is 80%.

Calculated Mortgage Payment

Each month the mortgage payment will be $1,903.

If this were an interest only loan the monthly payment would be $1,620.

This is less than a regular monthly payment by $282. 

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300 LOAN TIPS

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Basic Profile

This mortgage scenario is for February 3, 2007.

The borrower's name is Kenneth.

This borrower wants to refinance the mortgage.

Property Summary

This real estate property is a single family residence.

The mortgage will take place in Berkeley, California.

This property type is a primary residence.

The Loan Type

This borrower's loan term in years is 30.

This borrower has a current middle credit score of 735.

The loan will have stated documentation.

Today's mortgage rates

The mortgage rate on this new loan will be 6.38%.

The annual percentage rate is 6.47%.

The Mortgage Size

This real estate is currently worth $390,000.

The current loan on the property is a $249,600.

The total amount of cash received is approximately $62,400.

The new total loan size is $312,000.

The loan to property value (LTV) ratio is 80%.

Monthly Loan Payment

The monthly mortgage payment on this is $1,946.

The monthly payment on an interest only mortgage would be $1,658.

This is lower than a regular monthly payment by $289. 

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