Mortgage Calculator Lendmire
Mortgage Tools

Pick your program, run the numbers.

Property Details

Qualify on rental cash flow.

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Indicative rate · varies by FICO, LTV, program
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DSCR Ratio
1.27
Qualifies · 1.00 +
0.001.002.00+
Loan Amount $320,000
Principal & Interest $2,237
Tax + Insurance + HOA $450
Monthly Cash Flow +$213
About DSCR Qualify the property, not you. No tax returns, no W-2s, no employment verification. The property’s rental income divided by its total monthly debt service must typically clear 1.00 to qualify — higher ratios unlock better pricing.
No tax returns. Close in an LLC. STR-friendly.
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Standard Financing

Backed by Fannie & Freddie.

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Indicative rate · varies by FICO, LTV, program
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Total Monthly Payment
$3,311
Includes principal, interest, tax, insurance & PMI.
Loan Amount $382,500
Principal & Interest $2,480
Property Tax $350
Homeowners Insurance $150
PMI Private Mortgage Insurance $159
About Conventional The most flexible loan type — pricing rewards strong credit. PMI applies under 20% down but drops off at 78% LTV automatically. HomeReady® and Home Possible® programs allow as little as 3% down for eligible first-time buyers.
The most flexible path to ownership.
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VA Benefit

Zero down, no PMI.

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Indicative rate · varies by lender, FICO, LTV
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Total Monthly Payment
$2,968
No PMI required on VA loans. Funding fee rolled into loan amount.
Base Loan Amount $400,000
VA Funding Fee Rolled Into Loan $8,600
Total Financed $408,600
Principal & Interest $2,516
Property Tax $300
Homeowners Insurance $150
About VA Loans A benefit earned through service. Zero down, no monthly mortgage insurance, competitive rates, and no prepayment penalty. Funding fee is financed into the loan and may be waived for veterans with service-connected disability ratings.
A benefit earned through service.
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Government-Backed

Your first door.

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Indicative rate · varies by lender, FICO, LTV
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Total Monthly Payment
$2,560
Includes MIP (FHA mortgage insurance) — UFMIP rolled into loan.
Base Loan Amount $313,625
UFMIP 1.75% Upfront · Financed $5,488
Total Financed $319,113
Principal & Interest $2,017
Monthly MIP 0.55% annual $146
Property Tax $250
Homeowners Insurance $125
About FHA Built for first-time buyers and borrowers who don’t fit the conventional box. Gift-friendly down payment and flexible DTI ratios. Mortgage insurance is required for the life of the loan in most cases.
Your first door is closer than you think.
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Calculator Disclaimer

Estimates, not loan offers.

The results provided by these calculators are for illustrative and educational purposes only. All calculations are estimates based on the information you enter and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Actual loan terms, rates, payments, and eligibility will vary based on your credit profile, income, property, and lender underwriting guidelines.

Interest rates shown on the DSCR and Conventional tabs are sourced from Freddie Mac’s Primary Mortgage Market Survey® (PMMS), reflecting the weekly national average for 30-year conventional mortgages. VA and FHA rates are estimates derived from current conventional market rates and may differ from actual lender pricing. All displayed rates are illustrative — your individual rate will vary based on credit score, loan-to-value, occupancy, property type, and other underwriting factors. Property taxes, homeowners insurance, PMI, MIP, HOA dues, funding fees, and other costs shown are estimates only — actual amounts will vary by location, borrower profile, and lender.

Lendmire LLC — NMLS #2371349. Licensed mortgage broker. This is not a commitment to lend or extend credit. All loans are subject to credit approval, income verification, appraisal, and lender underwriting. Lendmire is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, or the Federal Government. Equal Housing Opportunity.

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