How accurate are these mortgage calculators?

Our calculators provide estimates based on the information you enter. Actual loan terms, rates, and payments may vary based on your credit profile, property type, and current market conditions. Contact us for a personalized quote.

What is DSCR and why does it matter for investment properties?

DSCR (Debt Service Coverage Ratio) measures whether a property's rental income can cover the mortgage payment. A DSCR of 1.0 means the rent equals the payment. Most lenders require 1.0-1.25 DSCR for investment property loans.

Should I choose a fixed or adjustable rate mortgage?

Fixed rates offer payment stability and are ideal if you plan to stay long-term. Adjustable rates (ARMs) typically start lower and may be better if you plan to sell or refinance within 5-7 years. Our team can help you decide.

How much should I put down on a home?

Down payment requirements vary by loan type. Conventional loans may require 3-20%, while NON-QM loans often require 10-25%. A larger down payment typically means better rates and lower monthly payments.

What's the difference between interest rate and APR?

The interest rate is the cost of borrowing the principal. APR (Annual Percentage Rate) includes the interest rate plus other costs like origination fees and points, giving you a more complete picture of the loan's total cost.

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NMLS #139369

Financial Tools

Loan Calculators

These are just calculators to help you compare options and make informed decisions. Use them to explore different scenarios for your family's financial future.

Calculator Disclaimer

These calculators are provided for educational and informational purposes only. Results are estimates based on the information you enter and do not represent actual loan offers, commitments, or guarantees. Actual rates, payments, and terms may vary based on your credit profile, property type, and current market conditions.

For accurate quotes and personalized loan options, please contact a licensed loan officer. All loans subject to credit approval.

Licensed MLO approval required for all rate quotes and loan commitments.

Amortization Calculator

See how your loan payments are split between principal and interest over time.

Loan Amount

Interest Rate (%)

Loan Term (Years)

Monthly Payment

$2,796.86

Total Interest

$606,869

Total Cost

$1,006,869

Confirm your rate today. Most borrowers do.

No hard credit pull at this stage. No commitment. A loan officer confirms everything.

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Our loan officers can help you find the perfect loan program for your situation.

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Calculator FAQs

NorthStar Funding is a licensed mortgage broker. NMLS #139369. Equal Housing Lender. All loans subject to credit approval. Rates and terms subject to change without notice.

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