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CALCULATORS AND TOOLS

Use the tools and brochures below while you navigate the various aspects of your closing. Our Buyer and Seller brochures and Checklists can be downloaded and printed for your convenience.

If you desire assistance locating your utilities and connect all home services, Utility Connect is a free service that you may want to consider.

We encourage you to also utilize our calculators and tools as you explore options for financing your transaction. Our staff can also provide to you a detailed settlement statement if you call or email our office.

Please contact us by calling or emailing us at anytime to discuss any of these items in further detail and thank you for considering Ross Law | Ross Title.

TOOLS

BUYER CHECKLIST

Download our Buyer Closing Milestones Brochure to Best Prepare for your Closing.
Download our Buyer Checklist Brochure.

UTILITY CONNECT

Our FREE concierge service seamlessly shops all of your utilities & services for your home or business with one easy phone call.

CLOSING FAQS

Unsure about what to expect and have questions regarding your Closing? View the Closing FAQs to learn more.

CALCULATORS

MORTGAGE CALCULATOR

Mortgage Loan Calculator

Price of Real Estate?:

Down Payment Percent?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Number of Payments? (#):

Annual Interest Rate?:

Points?:

Annual Property Taxes?:

Annual Insurance?:

Private Mortgage Ins. (PMI)?:

Payment Method?:

Monthly Payment Amount:

Down Payment Amount:

Total Interest:

Total Principal & Interest:

Original Size

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/mortgage-calculator

SELLER NET CALCULATIONS

Want to calculate an estimated Seller Net, Buyer Estimated Fees, and more?? Create an account here and save time.

TITLE COST CALCULATOR

Download our Title Cost Calculator here.