Brought to you by 7th Level Mortgage LLC
Brought to you by 7th Level Mortgage LLCApply Now Tools & Resources
Use one calculator or compare several. Purchase, qualification, refinance, home-equity and investor tools are grouped together so you can move from a question to the right worksheet without hunting around the site.
Six independent planning views
Each calculator has its own inputs and can be used independently. Enter estimates for the scenario you want to explore; no value is silently borrowed from another calculator.
1 · Full payment
Estimate principal, interest and recurring property costs.
2 · Affordability
Work backward from income, debts and a planning debt-to-income percentage.
A planning DTI is not a program limit. Income, debts and housing costs must be verified.
3 · Debt-to-income
This calculator is self-contained. Enter the housing payment, debts and income for the scenario you want to compare.
Programs define qualifying income and debts differently. This ratio is illustrative.
4 · Refinance
Estimate how long monthly payment savings take to equal upfront refinance costs.
This simple comparison does not account for changed balances, terms, taxes, deductions or opportunity cost.
5 · Extra payment
This calculator uses only the balance, rate, remaining term and extra amount entered here.
Assumes the entered rate and scheduled payment remain unchanged and extra funds are applied to principal.
6 · Cash to close
Organize a rough estimate before receiving formal disclosures.
Actual cash to close comes from the final Closing Disclosure and can include additional adjustments.
Important: All results are illustrative estimates—not a rate quote, prequalification, approval, disclosure or commitment to lend. They do not pull credit or verify income, debts, assets, property costs or program eligibility.
Additional planning tools
These estimates are for education and scenario planning. Actual charges, qualifying calculations and investor rules come from current disclosures and program guidelines.
Purchase / refinance · Cash planning
Start with 7th Level Mortgage’s educational fee illustrations dated October 6, 2026. Replace them with the charges for your property and loan. Blank quote fields are excluded from the subtotal and remain unresolved; they do not mean a service is free.
Conventional · NJ: no state tax, title premium, program funding fee or exemption is automatically determined. Midpoints within the supplied ranges are examples. The $1,125 commitment fee is the supplied company illustration for conventional, FHA, VA and USDA; final borrower-paid treatment follows the applicable program and lender disclosure. This forward-loan worksheet does not estimate reverse mortgages or HELOCs.
For most forward loans, use Section C of your Loan Estimate to identify services you can shop for. Section B identifies services you cannot shop for within that lender’s offer. You can compare those charges across lenders.
Incomplete estimate — quotes still needed: Lender’s title insurance; Owner’s title insurance; Other title fees; Transfer / mortgage taxes; Documentary stamps. These blank charges are omitted from the figures below; remaining cash needed may be materially higher.
Discount points: $0 · Prepaid interest: $1,029 · Estimated loan: $340,000
A lower rate is not automatically the better loan. Compare the loan amount, program, term, lock period, points, lender credits, APR and upfront lender charges. For different-rate offers, compare extra upfront costs with monthly principal-and-interest savings. Simple break-even months = extra upfront costs divided by monthly savings. $4,800 divided by $150 per month = 32 months. Selling, refinancing or paying off before break-even may prevent recovery of the extra cost. There is no universal 36-month cutoff. This is a payment-savings illustration, not a full economic return: remaining principal, financed costs, taxes, mortgage insurance, investment returns and changing payments can matter.
For most forward mortgages, Section B of the Loan Estimate lists services you cannot shop for within that lender’s offer; Section C identifies services you can shop for. You can still compare charges across lenders. Ask what application, origination, processing, document-preparation, warehouse and broker fees pay for, who receives them, and whether charges overlap. Their names alone do not prove improper fees or profit padding. Discount points pay for a lower rate; compare a zero-point alternative from the same lender. 7th Level’s application is free; its credit report costs $95 per borrower, paid directly to the reporting agency. Do not treat all mortgages as requiring a Loan Estimate: reverse mortgages and HELOCs have different disclosures. This calculator covers forward purchase and refinance planning.
| Charge | Supplied amount | Conditions |
|---|---|---|
| Appraisal | $550–$650 | Owner-occupied or second home; jumbo and investment-property charges need a quote. |
| Credit report | $95 per borrower | Paid directly to the credit reporting agency; express written authorization and payment before a pull. Do not count an already-paid report twice. |
| Tax service | $75 | Excluded on government loans in the supplied company fee structure. |
| Flood certification | $18 | Company-supplied illustration. |
| Commitment fee | $1,125 | Supplied for conventional, FHA, VA and USDA; actual borrower-paid treatment must meet program rules. Confirm the applicable lender/program disclosure. Jumbo / other needs a quote. |
| Verification of employment or mortgage | Third-party charge, if needed | No amount supplied; enter the actual quoted charge. |
| Closing / settlement | $350–$550 | Provider shopping depends on the Loan Estimate and transaction. |
| Owner’s and lender’s title insurance | Quote needed | Use applicable state-filed or regulated rates and the title company’s quote; policy type, endorsements, discounts and transaction affect pricing. Owner’s coverage is generally optional. |
| Notary | $45 | Do not duplicate a charge already included in settlement services. |
| Other title fees | Quote needed | Vary by title company; avoid duplicate charges. |
| Survey | $250–$350, if needed | Potentially shoppable, as identified by the Loan Estimate. |
| Pest inspection | $75–$200, if needed | Potentially shoppable; borrower-paid treatment depends on the loan and location. |
| Recording | $225–$425 | Government charge; actual county amount varies. |
| Transfer tax and documentary stamps | State / county amount needed | Government charges; buyer/seller allocation and exemptions depend on the transaction. |
Use comparable loan amounts and terms. Enter only the difference in upfront cost, after relevant lender credits, and the principal-and-interest payment difference. These examples are separate from your cash-to-close worksheet.
There is no universal 36-month cutoff. This simple comparison excludes remaining-principal differences, taxes, investment returns, financed fees and changing payments. Keeping a loan longer is an assumption, not a guarantee of savings.
Compare two rate offersIllustrative only, not approval or a commitment to lend. Your official Loan Estimate and Closing Disclosure control actual mortgage charges and cash-to-close figures. Daily interest uses an actual/365 illustration; funding dates, prorations, escrow adjustments and lender conventions can change results.
Review this scenario with 7th Level Mortgage →Purchase · Compare your options
Compare cash paid and projected wealth over the time you expect to stay. Change assumptions to explore different outcomes.
| Year | Owner cash paid | Renter cash paid | Owner wealth after sale | Renter investments | Advantage |
|---|---|---|---|---|---|
| 1 | $126,126 | $30,000 | $70,857 | $100,765 | $29,908 rent |
| 2 | $162,608 | $60,900 | $86,291 | $111,511 | $25,220 rent |
| 3 | $199,456 | $92,727 | $102,330 | $122,221 | $19,891 rent |
| 4 | $236,681 | $125,509 | $119,001 | $132,876 | $13,876 rent |
| 5 | $274,295 | $159,274 | $136,332 | $143,456 | $7,124 rent |
| 6 | $312,310 | $194,052 | $154,354 | $153,937 | $417 buy |
| 7 | $350,736 | $229,874 | $173,101 | $164,298 | $8,803 buy |
| 8 | $389,587 | $266,770 | $192,604 | $174,511 | $18,093 buy |
| 9 | $428,876 | $304,773 | $212,901 | $184,551 | $28,350 buy |
| 10 | $468,615 | $343,916 | $234,029 | $194,388 | $39,641 buy |
Both options start with the same savings and monthly budget. The renter invests the down payment and purchase costs; whichever option costs less each month invests the difference at month end. Owner wealth includes sale proceeds after selling costs and the remaining mortgage, plus invested monthly savings. Cash paid is cumulative spending before sale and does not include investment contributions. This illustration excludes tax deductions, renter insurance, deposits, utilities and inflation adjustment. Mortgage insurance does not automatically cancel. First annual break-even may reverse later; review the full table. Results are assumptions, not forecasts or an appraisal.
Review this scenario with 7th Level Mortgage →Loan offers · Upfront cost vs. savings
Compare two rate offers and see how long payment savings take to recover the extra upfront cost.
Without points: $2,076 / month · With points: $2,023 / month
Uses principal-and-interest payments only. Savings are capped at the loan term. This simple cash-flow comparison excludes differences in remaining principal, investment returns, tax effects and financed points. It is not an APR comparison or a rate quote. Selling or refinancing before break-even can erase the projected benefit.
Review this scenario with 7th Level Mortgage →Refinance · Debt consolidation
Compare today’s combined housing/debt payments with a proposed refinance or equity structure.
Lower monthly outflow does not automatically mean lower total borrowing cost. Moving shorter-term or unsecured debt into home-secured debt can extend repayment and increase long-run interest.
Investor · DSCR
Estimate property debt-service coverage from qualifying monthly rent and the housing expense used by the selected investor.
Investor DSCR definitions, rent calculations, vacancy treatment and minimum ratios vary. This worksheet does not establish eligibility or a universal minimum DSCR.
These estimates explain the math behind a mortgage planning conversation. They do not include a lender's final underwriting, current pricing, title charges or every property cost. Change one input at a time to see how the estimate moves.
Estimated principal and interest depend on the loan amount, interest rate and repayment term. Add estimated property taxes, homeowners insurance, mortgage insurance and association dues to understand the broader monthly housing budget. Cash to close is the down payment plus closing costs and prepaids, minus eligible deposits, seller credits and lender credits. Check the Loan Estimate for the actual transaction.
Debt-to-income ratio is qualifying monthly debt divided by qualifying gross monthly income. For example, $2,000 of monthly qualifying debt divided by $6,000 of qualifying monthly income is about 33%. A purchase range is an estimate built from a budget, down payment, estimated costs and program assumptions; it is not an approval or a target price.
A simple refinance break-even divides eligible upfront refinancing costs by the estimated monthly savings. It cannot by itself capture a changed loan term, cash-out, tax treatment or the risk of selling before break-even. DSCR compares the rental income used by a program with the property payment used by that program. A ratio above one means the income exceeds that payment under the chosen assumptions, but investor programs may use different rent and expense rules.
Compare your result with the document checklist, refinance guide and DSCR guide before relying on an estimate.
Explore estimated value, nearby recorded sales and rental potential. Automated estimates are not appraisals.
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