Below you’ll find a mortgage calculator that will help answer some of your financing questions and help you make choices based on your income and lifestyle. Please keep in mind that the calculator and information provided are only to give you an approximate idea and we cannot guarantee the accuracy of the figures. A determination of your eligibility for any loan program can only be made on the basis of a completed loan application and the supporting documentation.
Closing costs are based upon an average of customary closing costs around the nation and include a 1% origination fee. Your actual closing costs will reflect upon the common costs to your area and may vary according to the specific product type you've selected. Pre-paid expenses include 30-days pre-paid interest and two months escrow for taxes, homeowners insurance and private mortgage insurance, if applicable. Actual pre-paid expenses may vary according to closing date and property location. Reserves are funds available to borrower after closing and do not have to be paid to the lender.