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Mortgage Calculators Purchase Decision Making Calculator * This calculator will assist you in your purchasing options. Call your Mortgage Banker for current rates and/or assistance. Set your browser to update "Every visit to the Page" for it to work properly. ** Client First Name:  Client Last Name:  OPTION 1 Purchase Price:  Taxes:  % of Purchase Price Annual Monthly   Homeowners Insurance: Percentage Annual Monthly   Home Association Fee: Annual Monthly   Program:  None 40 Year Fixed 30 Year Fixed 15 Year Fixed 25 Year Fixed 20 Year Fixed 10 Year Fixed 30 Year FHA Fixed 15 Year FHA Fixed 5 Year Balloon 7 Year Balloon 1/1 Year ARM 2/1 Year ARM 3/1 Year ARM 5/1 Year ARM 7/1 Year ARM 10/1 Year ARM 1 Month Option ARM 3 Month Option ARM OH Flex 97 30 Year Fixed Interest Only (IO) Program:  No Yes IO Term:  30 Years 25 Years 20 Years 15 Years 10 Years 7 Years 6 Years 5 Years 4 Years 3 Years 2 Years 1 Years 6 Months 3 Months 1 Month Down Payment/Loan Amount:  % Down   $ Down  $ Loan Amount  Interest Rate:  Points:  % (times loan amount)     $  Est. Closing Costs:  Optional Extra Payment:  1-Time Period One-Time   Monthly  Dollar   Percent*LA  Arm Caps (Initial/standard/lifetime):  2/2/6 3/2/6 6/2/6 2/2/5 5/2/5 1/1/5 1/1/6 0/0/9.95 Index: (ARMS ONLY)  Margin: (ARMS ONLY)  FHA UFMIP Factor  Calculate Mortgage Insurance: (if required)  No Yes Yes, Manual Entry Manual MI Rate: Second Mortgage Program:  None 5 Year Interest Only 7 Year Interest Only 15 Year Interest Only 20 Year Interest Only 15/15 Year Closed-End 15/30 Year Balloon 30 Year Fixed Second Mtg Interest Rate:  Second Loan Amount:  % of Purchase Price   $ Loan Amount  OPTION 2 Purchase Price: (if 0, will use Option 1 Purchase Price)  Taxes:  % of Purchase Price Annual Monthly   Homeowners Insurance: Percentage Annual Monthly   Home Association Fee: Annual Monthly   Program:  None 40 Year Fixed 30 Year Fixed 15 Year Fixed 25 Year Fixed 20 Year Fixed 10 Year Fixed 30 Year FHA Fixed 15 Year FHA Fixed 5 Year Balloon 7 Year Balloon 1/1 Year ARM 2/1 Year ARM 3/1 Year ARM 5/1 Year ARM 7/1 Year ARM 10/1 Year ARM 1 Month Option ARM 3 Month Option ARM OH Flex 97 30 Year Fixed Interest Only Program:  No Yes IO Term:  30 Years 25 Years 20 Years 15 Years 10 Years 7 Years 6 Years 5 Years 4 Years 3 Years 2 Years 1 Years 6 Months 3 Months 1 Month Down Payment/Loan Amount:  % Down $ Down  $ Loan Amount  Interest Rate:  Points:  % (times loan amount)     $  Est. Closing Costs:  Optional Extra Payment:  1-Time Period One-Time   Monthly  Dollar   Percent*LA  Arm Caps (Initial/standard/lifetime):  2/2/6 3/2/6 6/2/6 2/2/5 5/2/5 1/1/5 1/1/6 0/0/9.95 Index: (ARMS ONLY)  Margin: (ARMS ONLY)  FHA UFMIP Factor  Calculate Mortgage Insurance: (if required)  No Yes Yes, Manual Entry Manual MI Rate: Second Mortgage Program:  None 5 Year Interest Only 7 Year Interest Only 15 Year Interest Only 20 Year Interest Only 15/15 Year Closed-End 15/30 Year Balloon 30 Year Fixed Second Mtg Interest Rate:  Second Loan Amount:  % of Purchase Price   $ Loan Amount  OPTION 3 Purchase Price: (if 0, will use Option 1 Purchase Price)  Taxes:  % of Purchase Price Annual Monthly   Homeowners Insurance: Percentage Annual Monthly   Home Association Fee: Annual Monthly   Program:  None 40 Year Fixed 30 Year Fixed 15 Year Fixed 25 Year Fixed 20 Year Fixed 10 Year Fixed 30 Year FHA Fixed 15 Year FHA Fixed 5 Year Balloon 7 Year Balloon 1/1 Year ARM 2/1 Year ARM 3/1 Year ARM 5/1 Year ARM 7/1 Year ARM 10/1 Year ARM 1 Month Option ARM 3 Month Option ARM OH Flex 97 30 Year Fixed Interest Only Program:  No Yes IO Term:  30 Years 25 Years 20 Years 15 Years 10 Years 7 Years 6 Years 5 Years 4 Years 3 Years 2 Years 1 Years 6 Months 3 Months 1 Month Down Payment/Loan Amount:  % Down   $ Down  $ Loan Amount  Interest Rate:  Points:  % (times loan amount)     $  Est. Closing Costs:  Optional Extra Payment:  1-Time Period One-Time   Monthly  Dollar   Percent*LA  Arm Caps (Initial/standard/lifetime):  2/2/6 3/2/6 6/2/6 2/2/5 5/2/5 1/1/5 1/1/6 0/0/9.95 Index: (ARMS ONLY)  Margin: (ARMS ONLY)  FHA UFMIP Factor  Calculate Mortgage Insurance: (if required)  No Yes Yes, Manual Entry Manual MI Rate: Second Mortgage Program:  None 5 Year Interest Only 7 Year Interest Only 15 Year Interest Only 20 Year Interest Only 15/15 Year Closed-End 15/30 Year Balloon 30 Year Fixed Second Mtg Interest Rate:  Second Loan Amount:  % of Purchase Price   $ Loan Amount  OPTION 4 Purchase Price: (if 0, will use Option 1 Purchase Price)  Taxes:  % of Purchase Price Annual Monthly   Homeowners Insurance: Percentage Annual Monthly   Home Association Fee: Annual Monthly   Program:  None 40 Year Fixed 30 Year Fixed 15 Year Fixed 25 Year Fixed 20 Year Fixed 10 Year Fixed 30 Year FHA Fixed 15 Year FHA Fixed 5 Year Balloon 7 Year Balloon 1/1 Year ARM 2/1 Year ARM 3/1 Year ARM 5/1 Year ARM 7/1 Year ARM 10/1 Year ARM 1 Month Option ARM 3 Month Option ARM OH Flex 97 30 Year Fixed Interest Only Program:  No Yes IO Term:  30 Years 25 Years 20 Years 15 Years 10 Years 7 Years 6 Years 5 Years 4 Years 3 Years 2 Years 1 Years 6 Months 3 Months 1 Month Down Payment/Loan Amount:  % Down   $ Down  $ Loan Amount  Interest Rate:  Points:  % (times loan amount)    $  Est. Closing Costs:  Optional Extra Payment:  1-Time Period One-Time   Monthly  Dollar   Percent*LA  Arm Caps (Initial/standard/lifetime):  2/2/6 3/2/6 6/2/6 2/2/5 5/2/5 1/1/5 1/1/6 0/0/9.95 Index: (ARMS ONLY)  Margin: (ARMS ONLY)  FHA UFMIP Factor  Calculate Mortgage Insurance: (if required)  No Yes Yes, Manual Entry Manual MI Rate: Second Mortgage Program:  None 5 Year Interest Only 7 Year Interest Only 15 Year Interest Only 20 Year Interest Only 15/15 Year Closed-End 15/30 Year Balloon 30 Year Fixed Second Mtg Interest Rate:  Second Loan Amount:  % of Purchase Price   $ Loan Amount  Options Pop-up Blocker Enabled?  No Yes Click 'Print' to print the above entered values.       * This calculator is not used to quote rates. Closing costs listed are only an estimate. Please consult a Mortgage Banker for current rates and closing costs. ** If you need help changing your browser, please contact Tom Simmons at 630-836-2534. 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