Life Rate Calculator

Keeping your low rate isn't your only option — see what your next home would actually cost.

Jeff Lee

Chicago Title

A two-minute calculator

You don’t pay one rate. You pay a life rate.

Your mortgage rate is only part of what you pay.

Mortgage 3.25% Car 8.50% Cards 24.99%

7.78%

what you’re actually paying

If you’ve built equity, rolling those balances into one mortgage can drop that number. Sometimes it’s a clear win, sometimes it costs more. This shows you which.

Your home

What it’s worth and what you still owe.

Your debts

Car, cards, student loans — whatever you’re carrying.

The move

The price you’re shopping and the rate you’d expect.

The answer

Both scenarios side by side, down to the monthly.

Your numbers stay on your phone. No sign-up, no form — nothing is sent anywhere unless you choose to send it.

Figures are estimates only.

Debt to Dreamhome

Home

Debts

Scenario

Results

Start with the home you own today

Enter roughly what your home is worth and what you still owe. Estimates are fine — you can change anything as you go.

Your address (optional)

Only used to look up an estimate. It isn’t saved or sent anywhere.

What’s the home worth today?

A ballpark or recent estimate is fine.

What’s left on the mortgage

Current Rate

Payment (P&I)

Secondary Loan Balance

Secondary Rate

Secondary P&I

Payment is estimated from balance and rate – edit it if you know the real number

Now add everything else you owe

Your life rate only works if the full picture is here, so add the small ones too.

Nothing added yet — pick a debt type below to start.

What do you owe on?

Now the home you’d buy

Set the price you’re shopping and the rate you’d expect.

New Home Price

Rate you’d expect

1-0 Buydown provided by Cross Country Mortgage

0.00%

→

0.00%

Loan term

30yr

20yr

15yr

Which debts get paid off?

Tap to include or leave out. Anything left out keeps its current payment.

Figures are estimates only.

Life rate tally

Back

Here’s what happens to your equity

YOUR EQUITY

—

What you walk away with after selling costs and paying off your mortgage

—

cleared your debts

—

down on the new home

Here’s the trade

ESTIMATED MONTHLY INCREASE

—/mo

MONTHLY PAYMENTS SIDE BY SIDE

Principal and interest only — taxes, insurance and HOA aren’t included on either side.

New mortgage

—

P&I

today

—

P&I

after

ESTIMATED FIRST-YEAR BENEFIT

—

Payment difference over 12 months—

Extra appreciation vs. staying—

Extra tax benefit vs. staying—

Show the details ▾

Appreciation

Annual assumption — —%

New home, five years out

Tax benefit

Filing status

Single

Married, joint

Tax bracket

ANOTHER WAY TO LOOK AT IT

Your appreciation adjusted payment — what each option costs once you count what the home gains, on both sides

IF YOU STAY

Payment—

Your home gains —

Adjusted—

IF YOU MOVE

Payment—

New home gains —

Adjusted—

Neither number is what you’ll pay. Your bank still drafts —. This nets out projected appreciation on both sides to compare the houses as assets — a bigger home gains more, which is why the gap widens. Appreciation isn’t guaranteed and you can’t spend it until you sell.

TODAY

—

Your life rate across every balance you carry

Total balances—

Separate payments—

AFTER THE MOVE

—

Your life rate after rolling everything into one loan

New loan—

Debts paid off at closing—

Down payment (20%)—

TAKE IT WITH YOU

Download the full breakdown (PDF)

Every number on this page, in one document. No sign-up.

Figures are estimates only.

Back

Want the real numbers?

What you entered is an estimate. Jeff Lee can pull your actual home value, your current payoff, and what’s selling near you — and bring in a lender to price the loan properly.

Name

Phone optional

✓ Include the scenario I just ran —

Sends your name, email, and the scenario above to Jeff Lee at Chicago Title. Nothing else, and nothing is shared with anyone else.

Sent to Jeff Lee

Jeff will follow up at .

Full disclaimer

This calculator is for illustrative and educational purposes only. All figures are estimates based on information you entered and assumed market conditions.

Not a loan offer. Nothing here is a Loan Estimate, rate quote, loan approval, or commitment to lend, and it is not an appraisal or opinion of value. Actual loan terms, rates, fees, payments, and eligibility are subject to a complete underwriting review including verification of credit, income, assets, employment, and property valuation.

Payments. Figures shown are principal and interest only. They exclude property taxes, homeowners insurance, HOA dues, and mortgage insurance, all of which increase your actual monthly cost.

Appreciation. Projected appreciation is a forecast based on an assumption you set. Property values can decline, and any projected gain is unrealized until you sell.

Taxes. Tax figures are illustrative, depend entirely on your individual circumstances, and do not constitute tax, legal, or investment advice. Consult a licensed tax professional. Sellers should also ask about the IRC §121 capital gains exclusion on the sale of a primary residence.

Public records. Where loan details were filled in from county records, those records may be incomplete or out of date and can differ from your actual loan. Always confirm against your mortgage statement.

Prepared by Jeff Lee, Chicago Title. Equal Housing Opportunity.

Would you like to clear all fields and start a new estimate?

Add a debt

It joins the payoff list and your debts.

What do you owe on?

Balance Owed

Rate

Payment (Monthly)

Typical Term

Qualify

Estimate based on local averages and assumptions they may not apply to you and are provided for information purpose only.

Rates and fees provided by Chicago Title. Powered by PalmAgent

Bring to Close	$22604.4
Mortgage Payments	+$17679.62
Maintainence	+$17679.62
Total Out of Pocket	$41357

Prinicipal Paid	$4038.58
Appreciation	$4038.58
Tax Savings	$4038.58
Total Equity/Savings	= $12591

Out of Pocket Expenses	$4038.58
Equity/Tax Savings	$4038.58
Total Buy Costs	$28766

Seller paying compensation and a concession?

Seller concessions over limit