Equity, Points & Costs
APR vs. Interest Rate Calculator
The borrower comparing your quote to someone else's is already in the market; this tool lets them do the comparison on your site.
Equity, Points & Costs
Home equity and mortgage cost calculators that explain what a loan really costs
When a borrower asks "why is the APR higher than the rate?", send them a calculator instead of a paragraph.
Free plan, no card. Paid plans include a 14-day trial.
The Equity, Points & Costs section explains the parts of a mortgage that borrowers find hardest: HELOC and home equity loan payments, discount points and break-even, PMI and when it ends, APR versus interest rate, the income a payment requires and mortgage interest tax savings. These calculators answer quote questions and bring homeowners with equity to you.
Equity, Points & Costs
HELOC Calculator
Homeowners who model a HELOC are telling you how much equity they want to tap and roughly what for.
Equity, Points & Costs
Home Equity Loan Calculator
Every homeowner who enters a value and a payoff balance has just handed you a CLTV worksheet.
Equity, Points & Costs
Mortgage Points Calculator
A borrower deciding whether to pay points is close enough to closing to be pricing the loan; meet them there.
Equity, Points & Costs
Mortgage Required Income Calculator
When a buyer asks what they need to earn, they have usually already picked the house.
Equity, Points & Costs
Mortgage Tax Savings Calculator
Renters who ask what owning saves on taxes are halfway to asking what they can afford.
Equity, Points & Costs
PMI Calculator
Most buyers avoiding PMI are really avoiding a purchase they could already make; this tool lets them see it.
Where should equity and cost calculators go?
Equity tools attract homeowners; cost tools support borrowers already comparing quotes.
| Calculator | Borrower question it answers | Where an LO should embed it |
|---|---|---|
| HELOC, Home Equity Loan | How much can I borrow against my home, and what will it cost each month? | Home equity page, home-improvement content, past-client newsletters |
| Mortgage Points, APR vs. Interest Rate | Should I buy down the rate, and how do I compare quotes with different fees? | Quote follow-up emails, rate and pricing explainer pages |
| PMI | How much is mortgage insurance, and when does it go away? | Low-down-payment and conventional loan pages, first-time buyer content |
| Mortgage Required Income | How much do I need to earn for this payment? | Move-up buyer pages, affordability content, agent co-marketing pages |
| Mortgage Tax Savings | How much might the interest deduction save me? | Homeowner blog posts, year-end client emails |
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How do cost calculators help after you send a quote?
They answer the follow-up questions without another call. A borrower comparing two Loan Estimates can run the APR vs. interest rate calculator to see why fees matter, or the mortgage points calculator to see how long it takes to recover the cost of a buydown. When they come back, they come back informed.
Equity calculators work the other way, as lead sources. Homeowners holding a low first-mortgage rate often want cash without refinancing, and the HELOC calculator shows them draw and repayment payments. The lead tells you their credit limit, draw and rate assumptions.
Tax results are estimates, not advice
The mortgage tax savings calculator depends on the borrower itemizing and on their tax rate. Present it as an estimate and suggest they confirm with a tax professional.
FAQ · 6 questions
Questions loan officers ask
Should I use the HELOC calculator or the home equity loan calculator?
Both, ideally on the same equity page. A HELOC suits ongoing or uncertain costs with interest-only draws; a home equity loan suits a fixed amount with a fixed payment. Letting borrowers compare shows you which they prefer.
How does the points calculator help close a borrower?
It shows the monthly saving, the upfront cost and the break-even period. If the borrower plans to keep the loan longer than the break-even, buying points may make sense; if not, it probably does not.
Does the PMI calculator show when PMI ends?
Yes. It estimates when the loan reaches the loan-to-value at which PMI drops off, along with monthly and total PMI paid, based on the price, down payment, rate and PMI rate entered.
What is the required income calculator useful for?
It works backwards: from a loan amount, taxes, insurance and debts, it estimates the income needed at a given DTI. Move-up buyers and agents use it to set a realistic price range.
Can the APR vs. rate calculator replace the Loan Estimate?
No. It is an educational estimate. The Loan Estimate you issue remains the official disclosure of APR and costs.
Do equity calculator leads tend to be homeowners or buyers?
Mostly homeowners, often past clients. The lead's inputs, such as credit limit and amount drawn, tell you how much equity they want to use.
PrequalFunnel
Your next borrower is already on your site.
Give them the numbers they came for, and get the lead with those numbers attached.
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