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Use our 2024 Colorado Mortgage Calculator to test different home loan variables
and find mortgage possibilities for your new house.

To get current interest rates, or information on any of our home loan types, just call our office.
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Calculator

Payment Breakdown

per month

Principal & Interest
Taxes
Insurance
HOA Dues
PMI

Loan Details

Home Value:
Mortgage Amount:
Monthly Conventional Payment:
Down Payment:
Monthly Estimated PMI:

Monthly Mortgage Payment

Loan Amount

Your Debt to Income Ratio

/

Allowable Debt to Income Ratio

50%/50%

Purchase Price $200000

Down Payment $0

Summary: Based on what you input into today your Total Payment would be $2850 on a Conventional Loan with a Down Payment of 15%. Your Debt-to-Income Ratio is 32%/45% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

Payment Breakdown

per month

Principal & Interest
Taxes
Insurance
HOA Dues
MIP

Loan Details

Home Value:
Base Loan Amount:
Monthly FHA Payment:
Down Payment:
FHA Loan Amount:
Upfront MIP:

Monthly Mortgage Payment

Loan Amount

Your Debt to Income Ratio

/

Allowable Debt to Income Ratio

50%/50%

Purchase Price $200000

Down Payment $0

Summary: Based on what you input into today your Total Payment would be $2850 on a FHA Loan with a Down Payment of 15%. Your Debt-to-Income Ratio is 32%/45% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

Payment Breakdown

per month

Principal & Interest
Taxes
Insurance
HOA Dues

Loan Details

Home Value:
Base Loan Amount:
Monthly VA Payment:
Down Payment:
VA Loan Amount:
VA Funding Fee:

Monthly Mortgage Payment

Loan Amount

Your Debt to Income Ratio

/

Allowable Debt to Income Ratio

65%/65%

Purchase Price $200000

Down Payment $0

Summary: Based on what you input into today your Total Payment would be $2850 on a VA Loan with a Down Payment of 15%. Your Debt-to-Income Ratio is 32%/45% and the maximum allowable on this program type is 65%/65%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

Payment Breakdown

per month

Principal & Interest
Taxes
Insurance
HOA Dues
USDA MIP

Loan Details

Home Value:
Base Loan Amount:
Monthly USDA Payment:
Down Payment:
USDA Loan Amount:
USDA Guarantee Fee:

Monthly Mortgage Payment

Loan Amount

Your Debt to Income Ratio

/

Allowable Debt to Income Ratio

29%/41%

Purchase Price $200000

Down Payment $0

Summary: Based on what you input into today your Total Payment would be $2850 on a USDA Loan with a Down Payment of 15%. Your Debt-to-Income Ratio is 32%/45% and the maximum allowable on this program type is 29%/41%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

Payment Breakdown

per month

Principal & Interest
Taxes
Insurance
HOA Dues
PMI

Loan Details

Home Value:
Mortgage Amount:
Monthly Conventional Payment:
Down Payment:
Monthly Estimated PMI:

Monthly Mortgage Payment

Loan Amount

Your Debt to Income Ratio

/

Allowable Debt to Income Ratio

50%/50%

Purchase Price $200000

Down Payment $0

Summary: Based on what you input into today your Total Payment would be $2850 on a Jumbo Loan with a Down Payment of 15%. Your Debt-to-Income Ratio is 32%/45% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

All Payment Total Loan Amount Total Interest Paid

Payment Breakdown

Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

$1,915

per month

Principal & Interest
Taxes
Insurance
HOA Dues
PMI
Extra Payment

Monthly Payment
Total Payment

Home Value:
Mortgage Amount:
Monthly Principal & Interest:
Monthly Extra Payment:
Monthly Property Tax:
Monthly Home Insurance:
Monthly PMI:
Monthly HOA Fees:

Total # Of Payments:
Down Payment:
Principal:
Total Extra Payment:
Total Interest Paid:
Total Tax, Insurance, PMI and Fees:
Total of all Payments:

Savings Payment Amount Shorten Loan Term By

Early Payoff Strategy

Early Payoff Strategy

Add an extra payment and see how many months you can eliminate on the back end of the loan.

Additional Monthly Increase Frequency

Lump Sum Payment

Lump Sum Payment

Shorten your loan term by paying a lump sum all to principal.

Lump Sum Addition Frequency

Monthly Payment Decrease

$

Total Interest Difference

$

Monthly Payment Comparison

Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

Current Loan

New Loan

Monthly Payment Difference

Refinance Costs

$

Time to Recoup Fees

Total Interest Comparison

Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

Current Loan Remaining Interest

New Loan Interest

Total Interest Difference

Years 1 years

Results Summary

Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

	Buying	Renting
Cash Spent	$	$
Home value	-$	--
Balance on Loan	$	--
Closing costs on sale	$	--
Adjusted Net Cash Savings	$	$

Rent

Buy

$556

YEAR

2

BUY GAIN

$43,244

BUY

$43,244

RENT

$43,244

Out of Pocket Cost:If you opt for homeownership of a property valued at $, your total expenses out of your pocket for 2 years would add up to $. However, if you choose to rent instead, your overall expenditure would come to $, thus saving you $ (which also covers the down payment you would have otherwise made).

Financial Gain:After 2 years, if you choose to purchase the property, the value of equity in your home would be $, which you can access upon selling it.

Summary:Based on the overall expenses incurred and the equity gained, it would be more advantageous for you to buy the property instead of renting, provided you intend to reside in the house for more than 2 years.

All Payment Total Loan Amount Total Interest Paid

Payment Breakdown

Payment Breakdown

A breakdown of your total payment so you can see where money is allocated.

$1,915

per month

Principal & Interest
Taxes
Insurance
HOA Dues
Extra Payment

Monthly Payment
Total Payment

Home Value:
Mortgage Amount:
Monthly Principal & Interest:
Monthly Extra Payment:
Monthly Property Tax:
Monthly Home Insurance:
Monthly HOA Fees:

Total # Of Payments:
Down Payment:
Principal:
Total Extra Payment:
Total Interest Paid:
Total Tax, Insurance and Fees:
Total of all Payments:

Savings Payment Amount Shorten Loan Term By

Early Payoff Strategy

Early Payoff Strategy

Add an extra payment and see how many months you can eliminate on the back end of the loan.

Additional Monthly Increase Frequency

Lump Sum Payment

Lump Sum Payment

Shorten your loan term by paying a lump sum all to principal.

Lump Sum Addition Frequency

Monthly Payment Decrease

$

Total Interest Difference

$

Monthly Payment Comparison

Monthly Payment Comparison

A breakdown of your total payment so you can see where money is allocated.

Current Loan

New Loan

Monthly Payment Difference

Refinance Costs

$

Time to Recoup Fees

Total Interest Comparison

Total Interest Comparison

A breakdown of your total payment so you can see where money is allocated.

Current Loan Remaining Interest

New Loan Interest

Total Interest Difference

Cash Flow

$

Cap Rate

%

Deal Breakdown

Deal Breakdown

A breakdown of your rental loan deal.

Loan Amount:
Down Payment:
Mortgage Payment:
Monthly Payment:
Origination Fee Amount:

Deal Metrics

Deal Metrics

A metrics of your rental loan deal.

Total Closing Costs:
Cash Needed to Close:
Price Per Unit:
Gross Rental Income:
Operating Expenses:
Net Operating Income:

Cash on Cash Return

%

DSCR

Return Metrics

Deal Metrics

A metrics of your rental loan return.

Cash Flow:

Annual cash flow after all expenses and mortgage are paid.
Cap Rate:

Cap rate, or capitalization rate, is a metric that divides your net operating income (not including your mortgage) by the purchase price or property value. It is most useful in comparing multifamily properties.
Cash on Cash Return:

Cash on cash return is a metric that divides your pre-tax cash flow by the total cash invested in the deal. This is a key metric for most investors.
DSCR:

DSCR calculates the ratio of rental income to your mortgage payment. Ideally, you'll have a DSCR of 1.0 or higher.

Borrower Equity Needed

$

Net Profit

$

Deal Breakdown

Deal Breakdown

A breakdown of your rental loan deal.

Loan Amount:
Down Payment:
Monthly Interest Payment:
Total Interest Over Term:
Origination Fee Amount:
Other Closing Costs Amount:
Cost To Sell Amount:

Deal Metrics

Deal Metrics

A metrics of your rental loan deal.

Closing Costs:
Carrying Costs:
Borrower Equity Needed:
Total Cash In Deal:

Return on Investment

%

Loan to After Repaired Value

%

Return Metrics

Deal Metrics

A metrics of your rental loan return.

Net Profit:
Loan to After Repaired Value:
ROI:

Disclaimer:

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.

This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.

Welcome to Residential Lending LLC

Constantly-changing interest rates might leave you feeling uncertain about your future. Fortunately, you have a guide to help you maximize your financial future because you deserve the best home mortgage available.

At Residential Lending LLC, we have a wide range of home lending options and financing programs to help you achieve your homeownership dreams, while keeping costs low. Whether you’re a first-time home buyer or purchasing your dream home, it’s a significant investment, and our team of mortgage advisors understands that you need to be confident in your choices.

We’re here to give honest advice, listen to your needs, and sort through all the information. You’ll get the most efficient and competitive housing loan that aligns with your financial goals.

You want to move toward your short AND long-term financial goals, and for more than 20 years, we’ve helped our clients do exactly that. We’re excited to have a conversation about the best Colorado home loan for you. Connect with us, and our Colorado lending team will help you with residential lending solutions that meet your needs.