Purchase

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No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!

Conventional

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FHA

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Jumbo

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Renovation

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How The Process Works

1

Documentation

There are a few critical documents we will need to verify to start your process.

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2

Appraisal

The appraisal ensures the home you are buying is worth the price that is being offered.

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3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic.

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4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions.

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5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met.

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6

Closing

Signing the final documentation and receiving the keys to your new home!

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Curious about what loan option makes the most sense for you? Test it out by using our Comparison Mortgage Calculator...

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

Loan Option A
Loan Type
Rate Type
$
$50,000 $2 Million
$
%
0% 80%
Loan Term
%
0% 20%
  • Active/Veteran
  • National Guard/Reserve
  • Surviving Spouse
VA Specifics
Loan Option B
Loan Type
Rate Type
$
$50,000 $2 Million
$
%
0% 80%
Loan Term
%
0% 20%
  • Active/Veteran
  • National Guard/Reserve
  • Surviving Spouse
VA Specifics
Advanced (optional)
Credit Score
$
%
0% 5%
$
%
0% 20%
$ /month
Rate Adjustment Settings
Expected Rate Direction
%
0% 2%
%
2% 10%
%
0% 5%
Total cost after
Loan Option A: $0
Loan Option B: $0
years
Total cost over years
TOTAL COST
YEARS
Option A $/mo
Loan Type
Loan Amount $
Interest Rate %
Upfront Cost $
Monthly Payment $
Lifetime Cost $
Option B $/mo
Loan Type
Loan Amount $
Interest Rate %
Upfront Cost $
Monthly Payment $
Lifetime Cost $
Save & Email Results
Estimated Costs
These costs are estimated based the information added in the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Loan Option A
Loan Option B
Loan Amount
$
$
Down Payment
$
$
Interest Rate
%
%
Loan Term
years
years
Taxes & Insurance Included?
Property Tax(1st year)
$
$
Home Owners Insurance(1st year)
$
$
HOA dues
$
$
Home Appreciation
%
%
Upfront Fee
$
$
Total upfront fees
$
$
Total Interest Payments
$
$
Total Principal Payments
$
$
Lifetime Cost
$
$
How We Calculate the Costs
Comparing Mortgage Options This calculator helps you compare two different mortgage options. It takes into account various factors for each option: Loan Details:
  • Loan type (Conventional, FHA, VA, USDA)
  • Loan amount
  • Interest rate
  • Loan term
  • Down payment amount
Additional Costs:
  • Property taxes
  • Homeowners insurance
  • HOA fees
  • Private Mortgage Insurance (PMI) if applicable
Upfront Fees The calculator considers upfront fees, which can vary based on the loan type:
  • Conventional loans: Typically closing costs (2-5% of loan amount)
  • FHA loans: Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount
  • VA loans: VA Funding Fee (varies based on down payment and use)
  • USDA loans: Upfront guarantee fee of 1% of the loan amount
These fees can often be rolled into the loan amount, which is an option in the calculator. Assumptions and Calculations The calculator makes several calculations and assumptions:
  • Monthly mortgage payment (principal and interest)
  • Total interest paid over the life of the loan
  • Total cost of the loan (including upfront fees, monthly payments, and additional costs)
  • Annual home appreciation rate: %
Comparison Metrics The calculator compares the two options based on:
  • Monthly payment
  • Total upfront costs
  • Total cost over the life of the loan
  • Break-even point (if applicable)
You can adjust the values in the calculator, including in the advanced settings, to better reflect your specific situation. This allows you to compare different scenarios, such as a 30-year fixed rate mortgage versus a 15-year fixed rate, or comparing loans from different lenders with varying terms and fees. Keep in mind that while this calculator provides a comprehensive comparison, your actual costs may vary based on your specific circumstances, credit score, and local market conditions. It's always recommended to consult with a mortgage professional for personalized advice.

Check out our other mortgage calculators

Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.

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Evaluate the potential savings and costs associated with refinancing your existing mortgage.

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Determine your potential monthly payments and interest costs for an adjustable-rate mortgage over time.

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Analyze your debt service coverage ratio to evaluate the profitability of an investment property.

Jumbo Calculator

Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.

FHA Calculator

Determine your potential monthly payments and total costs for a Federal Housing Administration loan.

Conventional Calculator

See the monthly payment and total cost for a conventional mortgage loan.

Jackie Edgar

Owner // Loan Officer //  NMLS #793562

Jackie Edgar is the Owner and Loan Officer of Jackie Edgar Mortgage LLC, dedicated to helping individuals and families achieve their homeownership goals. With a strong commitment to personalized service, Jackie works closely with clients to understand their financial needs and guide them through every step of the mortgage process.

Known for reliability, transparency, and attention to detail, Jackie strives to make home financing clear and stress-free. Whether assisting first-time homebuyers, refinancing existing loans, or supporting real estate investors, Jackie focuses on finding the best lending solutions tailored to each client’s situation.

Through Jackie Edgar Mortgage LLC, Jackie continues to build lasting relationships by providing honest guidance and dependable mortgage expertise.

jledgar19@gmail.com(337) 501-7005
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