Mortgage Calculators from Partners Bank
Whether you're estimating a monthly payment or comparing loan types, these tools give you a starting point. Talk to a Partners mortgage consultant when you're ready to move forward.
MORTGAGE
Mortgage Calculators
| Calculator | What it does | Notes | URL |
|---|---|---|---|
| Calculate Your Mortgage Payment | Enter your loan details below to estimate your monthly mortgage payment. Use this as a starting point, then talk to a Partners mortgage consultant when you're ready to apply. | n/a | /mortgage-calculators/calculate-mortgage-payment/ |
| Time to Refinance | Refinancing can lower your monthly payment or reduce the total interest you pay over time, but it depends on your current rate, remaining balance, and how long you plan to stay in the home. Run the numbers below. | 1: Enter your current loan amount 2: Enter your current monthly payment 3: Enter your current interest rate 4: Enter your new loan amount (defaults to current; adjust if taking cash out) 5: Enter the new interest rate you've been quoted 6: Enter the term of the new loan in years 7: Enter your estimated closing costs 8: Choose whether you plan to finance the closing costs into the new loan 9: Review your side-by-side comparison and break-even timeline | /mortgage-calculators/time-to-refinance/ |
| Debt-to-Income Calculator | Your debt-to-income ratio is one of the key numbers lenders look at when you apply for a mortgage. Enter your monthly income and debts below to see where you stand. | 1. Enter your monthly income: gross income, plus any alimony, retirement benefits, or other income 2. Enter your monthly expenses: mortgage (PITI), vehicle, credit card minimums, student loans, alimony/child support, and any other payments 3. Review your DTI ratio and the income-to-debt summary | /mortgage-calculators/debt-to-income-calculator/ |
| Compare Two Mortgage Loans | Not sure which loan option makes more sense? Enter the details for two scenarios below and compare them across monthly payment, total interest, and overall cost. | You'll need to know the loan amount, loan term (in years), interest rate, origination charges, interest rate buy-down, and other settlement services of both loans. | /mortgage-calculators/compare-two-mortgage-loans/ |
HOME EQUITY
Home Equity Calculators
| Calculator | What it does | Notes | URL |
|---|---|---|---|
| How Much Equity Do I Have? | Your home equity is the difference between what your home is worth and what you still owe on your mortgage. Enter your details below to get an estimate. | 1. Enter your home information (home purchase price, down payment, annual property tax, monthly HOA dues, and annual home insurance) 2. Enter your loan information (loan term, interest rate) 3. Review your monthly payment amount | /home-equity-calculators/the-equity-in-your-home/ |
| Calculate a Home Equity Loan Payment | A home equity loan gives you a fixed lump sum at a set rate, with predictable monthly payments. Enter your loan details below to estimate your payment. | To calculate your home equity loan payment, all you'll need is your loan amount, loan term (in years), and interest rate. | /home-equity-calculators/calculate-a-home-equity-loan-payment/ |
| Calculate a Home Equity Line of Credit Payment | A HELOC gives you revolving access to your home equity with interest-only payments on what you've drawn. Enter your balance and rate below to estimate your monthly payment. | To calculate your HELOC payment, you'll need your loan amount, interest rate, interest only period (in years), and repayment period (in years). | /home-equity-calculators/calculate-a-home-equity-line-of-credit-payment/ |
| Paying Off a Home Equity Loan or Line of Credit | Making extra payments on a home equity loan or HELOC can meaningfully reduce the time and interest it takes to pay it off. Enter your details below to see the impact. | Enter your loan balance, interest rate, monthly charges, and monthly payment to see how long it will take to pay off your home equity loan or HELOC. | /home-equity-calculators/paying-off-a-home-equity-loan-or-line-of-credit/ |
| Use Home Equity for a Major Purchase | When making a major purchase, you may have the option of taking a rebate and using a home equity loan, or going with the seller's financing offer. This calculator helps you compare both options side by side so you can see which one costs less. | By entering your purchase information (loan amount, available rebate), home equity loan information (interest rate, loan term in years), and seller financing (interest rate, loan term in years), you can compare your options. | /home-equity-calculators/use-home-equity-for-a-major-purchase/ |