Explore payment, affordability, and refinance scenarios with educational estimates based on standard formulas.
What will it cost?
Estimates only — not a loan offer or commitment to lend. Your actual rate, payment, and costs depend on a full application and approval.
A calculator can help you compare scenarios before you apply, but it cannot determine eligibility, approve a loan, or reproduce a lender's complete pricing and disclosures. Keep the assumptions consistent and treat every result as a planning estimate.
Compare scenarios using the same purchase price or loan balance, down payment, interest rate, term, property-tax estimate, and insurance estimate. Changing several inputs at once makes it difficult to see which choice caused the payment to move. Rates entered here are assumptions, not available Lendwise rates or a lock.
A real housing payment may also include mortgage insurance, homeowners-association dues, flood insurance, or other property charges. Closing costs, points, lender credits, prepaids, and initial escrow deposits affect cash to close. The affordability result is a budgeting aid, not a lender's maximum or a recommendation to spend it.
After you apply for a specific property and loan, the written Loan Estimate is the source of truth for that offer. Compare rate, APR, loan amount, principal and interest, projected payment, cash to close, points or credits, and total costs. For a refinance, also compare the new balance, remaining term, and how long it may take to recover costs.