Mortgage Comparison Calculator

PA State flagThis good faith estimate calculator is designed to compare three loan scenarios. Mortgage brokers, mortgage bankers & lenders can easily (and quickly) determine the "best" loan program for the prospective home buyer. Compare FHA, VA, USDA & conventional loans, side by side. Compare interest rates and down payments. PA Title insurance & transfer tax calculations are built in. Any comments or suggestions are appreciated. E-mail.

  Mortgage Loan Comparison       
  1. Mortgage Program        
  1a. Veteran Use      
  2. What county is the home located in?      
  3. How many units?        
  4. What is your credit score?        
  5. Enter the sales price -  
  6. What are the annual real estate taxes?      
  7. Annual homeowner's insurance -        
  8. Enter the down payment percentage        
  9. Enter the interest rate -  
  10. What is the term (how long)        
  11. Enter the origination percentage (if applicable)        
  12. Are there discount points? (if applicable)        
  13. Enter deed transfer tax % to buyer *        
  Pennsylvania Deed Transfer Tax Option (see below)            
  14. PA Deed Transfer Tax   1.00%   1.00%   1.00%  
  Total Transfer Tax        
  Seller Paid Closing Cost Option:              
  15. Seller assistance percentage (if applicable)        
  16. Seller is paying a flat amount.        
  Debt To Income Ratio Option              
  Gross Monthly Income        
  Gross Monthly Debt        
  Payment Ratio        
  Debt Ratio        
  * The deed transfer tax is typically split between buyer and seller. Generally, the buyer pays 1% of the sales price and the seller pays 1%. There are exceptions. Use the drop down box to see if the municipality is listed. If so, choose the municipality. PA does not have mortgage stamps or recordation fees.  
  This estimate assumes an owner occupied residence or condominium. Conventional loans are underwritten to Fannie Mae guidelines (i.e. 5%, 10%, 15%, etc.). You can over ride the mortgage insurance premium in the PMI | MIP box on the closing cost page. No credit score minimums are considered for this closing cost illustration. Credit score requirements vary widely from lender to lender and loan program. This calculator is made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals concerning real estate financing and calculations.
Copyright © 2012,William A. MacDonald All rights reserved
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