Mortgage - Free Calculators

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Loan Background

The date for this mortgage scenario is February 1, 2007.

The borrower's name is Melissa.

The borrower's goal with the mortgage is to refinance their property.

Property Basics

This property would be described as a single family residence.

This real estate is located in Pismo Beach, California.

This property type 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 middle score is 755.

The loan will have full documentation.

Today's mortgage rates

The mortgage rate for this mortgage is 6.13%.

The current annual percentage rate is 6.22%.

The Loan Size

This real estate is currently appraised at around $407,500.

This property has a current loan of $260,800.

The borrower cash out will be around $65,200.

The new mortgage loan will be for $326,000.

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

Monthly Mortgage Payment

The new payment each month is $1,981.

The monthly payment on an interest only mortgage would be $1,664.

This is lower than a regular monthly payment by $317. 

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

This mortgage scenario date is February 1, 2007.

The mortgage applicant's name is Cheryl.

The mortgage is to pay off outstanding debts through consolidation.

Property Example

The property would be considered a townhouse.

The property is in Poway, California.

This property is a primary residence.

Mortgage Background

The length of the loan in years is 30.

The latest credit middle score is 745.

This borrower's loan will have full documentation.

Today's current interest rates

The mortgage rate on this loan is 6.38%.

The current annual percentage rate is 6.47%.

The total consumer debt is

Total credit card balances $16,456.

Auto loans $5,318.

Current student loans $1,621.

Other debts that need to be paid $123.

Total of debts to consolidate $23,518.

The Mortgage Amount

This real estate is currently appraised at around $413,750.

The current mortgage loan on the property is a $264,800.

The total new mortgage loan size is $288,318.

The loan to value (LTV) ratio on the property is 70%.

The Monthly Payment

Each month the mortgage payment is $1,799.

If the loan were interest only the monthly mortgage payment would be $1,532.

An interest only payment each month saves the borrower $267.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Background

The loan example takes place on February 1, 2007.

The borrower's name is Dorothy.

The mortgage is to pay off debt with a consolidation.

Example Property Basics

The property is a single family residence.

This property is in Red Bluff, California.

The property type is a primary residence.

The Mortgage Type

This borrower's loan term in years is 30.

The borrower has a current credit middle score of 720.

The loan will have stated documentation.

Today's current mortgage loan rates

The mortgage rate on this mortgage is 7.50%.

The APR is calculated at 7.60%.

Current total debts to be paid off

Outstanding current credit cards owed $1,666.

Current car loan $2,524.

The total current student loan $2,417.

Other debt to pay off $145.

Total consumer debt to pay off $6,752.

The Mortgage Amount

The appraisal value of the property is $431,250.

The mortgage on the property is a $276,000.

The total new loan size is $282,752.

The loan to property value (LTV) ratio is 66%.

The Monthly Payment

Every month the mortgage payment is $1,977.

An interest only monthly payment would be $1,767.

In this example the interest only payment is lower than the regular payment by $210.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basic Profile

This mortgage scenario is for February 1, 2007.

The loan borrower's name is Louise.

The borrower wants to get a consolidate debt.

Property Profile

This property would be described as a townhouse.

This real estate is located in Glendale, California.

This property would be identified as a rental property.

The Mortgage Type

This loan has a length in years of 30.

The middle credit score on the credit report is 755.

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

Mortgage rates today

The mortgage rate for this new loan will be 6.00%.

The current annual percentage rate will be 6.09%.

Total Consumer Debts

Current credit card debts $3,257.

Auto loans $3,320.

Total student loans $2,666.

Additional debts to pay off $173.

The total debts that need to be consolidated $9,416.

The Loan Size

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

This property has a current loan of $240,800.

The new mortgage loan will be for $250,216.

The loan to value ratio on this property is 67%.

The Mortgage Payment

Each month the mortgage payment will be $1,500.

If the loan were interest only the monthly mortgage payment would be $1,251.

This is smaller than a regular monthly payment by $249.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

This mortgage example takes place on January 31, 2007.

The name of the borrower is Jeremy.

This borrower's goal is to get rid of debt through consolidation.

Example Property Background

This piece of real estate is a 1-4 unit property.

This piece of real estate is in El Segundo, California.

The property is a primary residence.

The Mortgage Type

Length of the loan in years is 30.

The borrower's credit middle score is 725.

The documentation level for this mortgage will be stated documentation.

Today's current interest rates

The mortgage rate on this loan is 6.63%.

The mortgage's annual percentage rate will be 6.72%.

Total Consumer Debts

Current credit card balances $6,660.

Current car loan $7,730.

Student loans $2,340.

Other debt to pay off $164.

The total debts to pay off $16,894.

Loan Amount

This real estate is currently appraised at around $422,500.

The property has a current mortgage of $270,400.

The total new mortgage loan size is $287,294.

The loan to value (LTV) ratio on this property is 68%.

Monthly Loan Payment

The new monthly payment is $1,840.

An interest only monthly mortgage payment would be $1,586.

This is less than a regular monthly payment by $253.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Profile

This mortgage scenario is for January 31, 2007.

The loan borrower's name is Jennifer.

This mortgage is to consolidate debt.

Property Background

This property is a 1-4 unit property.

The property is located in Hesperia, California.

The property is a primary residence.

Mortgage Type

The mortgage has a length in years of 30.

This borrower has a current middle credit score of 720.

This mortgage will have stated documentation.

Loan rates today

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

The APR is calculated to be 6.72%.

Total current consumer debts

Current credit card balances $4,835.

Total current car loan $2,694.

Student loans $1,170.

Other debts that will need to be paid off $114.

The total debts that need to be paid off with this mortgage $8,813.

Mortgage Amount

This property is currently worth $426,250.

The mortgage on the property is a $272,800.

The new total loan size is $281,613.

The loan to value ratio is 66%.

Monthly Loan Payment

The new mortgage payment each month is $1,803.

If this were an interest only loan the monthly payment would be $1,555.

An interest only loan payment each month saves the borrower $248.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basic Profile

The loan example is for January 31, 2007.

This borrower's name is Brandon.

This borrower wants to consolidate and pay off debt.

Property Example

This property would be identified as a townhouse.

This piece of real estate is in Kern County, California.

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

Loan Type

Number of years it will take to pay off the loan is 30.

The middle credit score on the credit report is 755.

The documentation level for this loan will be full documentation.

Today's mortgage rates

The interest rate for this new loan will be 6.13%.

The mortgage's annual percentage rate is 6.22%.

Total Consumer Debts

Total credit cards (amount owed) $11,612.

Auto loans $608.

The total current student loan $193.

All other debts that need to be paid $121.

The total of debts to consolidate $12,534.

Loan Size

This property is currently worth $393,750.

The mortgage on the property is a $252,000.

The total new mortgage size is $264,534.

The loan to value ratio on the property is 67%.

Calculated Loan Payment

The monthly mortgage payment on this is $1,607.

With an interest only loan the monthly payment would be $1,350.

This is less than a regular monthly payment by $257.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Background

This loan example date is for January 30, 2007.

The loan applicant's name is Sandra.

The mortgage is to get a refinance.

Property Profile

This piece of real estate is a townhouse.

This piece of real estate is in Marina, California.

The property is a primary residence.

Mortgage Background

This loan has a length in years of 30.

This borrower's middle credit score is 730.

This mortgage will have stated documentation.

Today's current interest rates

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

The current annual percentage rate will be 6.35%.

The Loan Amount

This property is currently worth around $412,500.

The loan on the property is a $264,000.

The borrower cash out will be around $66,000.

The new loan size is $330,000.

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

Calculated Monthly Payment

Each month the mortgage payment is $2,032.

If this were an interest only loan the monthly payment would be $1,719.

In this example the interest only payment is lower than the regular monthly payment by $313. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Summary

The loan example date is January 30, 2007.

The loan borrower's name is Heather.

This borrower's goal with the mortgage is to refinance their property.

Example Property Summary

This property would be identified as a townhouse.

This mortgage will take place in Sierra Madre, California.

This property would be considered a primary residence.

Loan Background

This loan has a length in years of 30.

This borrower's credit score is 750.

The documentation level for this loan will be full documentation.

Today's current interest rates

The example mortgage rate on the new loan will be 6.13%.

The annual percentage rate will be 6.22%.

The Loan Amount

This property is currently worth around $400,000.

The current mortgage loan on the property is a $256,000.

The total amount of cash received is around $64,000.

The total new mortgage loan size is $320,000.

The loan to property value ratio is 80%.

Calculated Monthly Payment

The new payment each month is $1,944.

If this were an interest only loan the monthly mortgage payment would be $1,633.

An interest only loan payment each month saves the borrower $311. 

Articles:

http://www.archerpacific.com/mortgage_qualification_worksheet.htm

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Example

The loan example here is for January 30, 2007.

This borrower's name is Jose.

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

Property Example

This property is a townhouse.

This piece of real estate is in Brentwood, California.

This property would be labeled a primary residence.

Loan Type

The length of the loan in years will be 30.

The current credit middle score is 750.

The documentation level for this loan will be stated documentation.

Today's mortgage rates

The interest rate for this new loan will be 6.13%.

The loan's annual percentage rate is 6.22%.

Mortgage Size

The property would be considered worth approximately $391,250.

The current mortgage on the property is a $250,400.

This borrowers wants to cash out around $62,600.

The new mortgage will be for $313,000.

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

Monthly Loan Payment

Every month the mortgage payment is $1,902.

If this were an interest only loan the monthly mortgage payment would be $1,598.

An interest only mortgage payment each month saves this borrower $304. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html