Calculators

Here are The Scherber Elite online calculators.

How Much Can I Afford?
Affordability Index Calculator

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calculator is based on standard affordability ratios used to determine qualification for mortgage approvals. The housing payment ratio (or front ratio) compares your total mortgage payment to your monthly income and your total debt ratio (or back ratio) compares your total monthly obligations including your mortgage payment to your monthly income.

What Will My Payment Be?
Calculate a Payment

It is important to find the right home and loan to match your budget. Use our calculator to figure out your estimated monthly payment in advance by estimating your loan amount, interest rate, and length of mortgage.
Note: Select appropriate box to estimate taxes, insurance, and maintenance; not all calculated values are displayed.

Should I Refinance?
Evaluate Refinance Calculator

This calculator figures your monthly savings and also compares your principal balance in years with and without refinancing. Based on your total cost to refinance, a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation.

Should I Buy or Rent?
Own vs. Rent Calculator

For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications.

Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.

Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area.

Tax Benefits of Buying a Home
Tax Benefits to Buy Calculator
This calculator estimates the tax benefit of buying a home. Input your loan parameters and the month you purchased the home. Since home interest and points are captured in itemized deductions, please estimate your Schedule A itemized deductions. Your itemized deductions including your mortgage deductions will be compared to your standard deduction to calculate the tax benefit of purchasing your home.

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