My Mortgage Company · Bakersfield, CA
Mortgage Calculators
Estimate your monthly payment, affordability, closing costs, and more. All calculations stay on your device — nothing is transmitted or stored.
Loan Details
Additional Costs
Total Monthly Payment
$2,842
per month (PITI)
P&I
$2,172
Property Tax
$365
Home Insurance
$150
MIP
$155
Payment Breakdown
Upfront MIP: $5,911 (financed into loan)
Loan Summary
Income & Debt
Loan Parameters
Max Purchase Price
$413,000
estimated qualification
Max Monthly Payment
$3,329
Front-End DTI
47%
Back-End DTI
57%
Gross Monthly Income
$7,083
Debt-to-Income Ratios
Based on AUS-approved DTI guidelines — FHA 47%/57% · Conventional 43%/50%
Property & Loan
Insurance & Taxes
Estimated Cash to Close
$22,486
includes down payment
Down Payment
$12,250
Closing Costs
$5,836
Prepaids
$4,400
Seller Credits
—
Cash to Close Breakdown
Not a Loan Estimate. Contact your loan officer for official figures.
Buying Scenario
Renting Scenario
Analysis Window
Savings from Buying
$22,628
over 5 years
Total Rent Cost
$124,216
Total Buy Cost
$170,493
Projected Home Value
$400,846
Projected Equity
$79,142
Cost Comparison
Break-even in Year 2, Month 12
Cost Detail
Appreciation: 2.75% · Rent increase: 7% annually
Property & Loan
Appreciation & Timeline
Your Equity
$79,142
home value − balance · Year 5
Home Value
$400,846
Remaining Balance
$321,704
Equity %
19.7%
LTV %
80.3%
Equity Breakdown
Mortgage Insurance
PMI eligible for removal in Year 6 (approx. month 1)
Equity Timeline
A — Property & Exit
B — Financing
Shared with Section B
% of loan amount
Flat origination fee
C — Holding Period & Carry Costs
D — Rehab & Scope
Added to rehab budget as a risk buffer
E — Selling Costs
CA $1.10 per $1,000
F — Tax Withholding (Optional)
Note:Most fix & flip profits held under 12 months are taxed as ordinary income — not capital gains. CA has no preferential capital gains rate. Consult a CPA before relying on these estimates.
Enter an ARV and Purchase Price
to see your deal analysis.
Numbers look good? Take the next step.
These calculators give you a solid estimate — but a pre-approval gives you the real numbers based on your actual credit, income, and the loan program you qualify for. It takes about 10 minutes and does not affect your credit score.
Calculator results are estimates only and do not constitute a loan offer or commitment to lend. Rates, fees, and program availability are subject to change without notice. My Mortgage Company, Inc. · CA DRE #02168831 · NMLS #2269164.