Financial calculators

Use the Ent Home Equity Loan Calculator to determine how much you can borrow against the equity you have built up in your home. Paying down your mortgage can give you access to either a home equity line of credit (HELOC) or home equity loan, which can be used to make repairs and other important living expenses.

The amount of equity available for a home equity loan or home equity line of credit is determined by the loan-to-value ratio of the home and the ratio requirements of the lender. A loan-to-value ratio is calculated by taking total mortgage debt (including any second mortgages or existing home equity loans) and dividing it by the current, appraised value of the home. The size of a home equity loan or line of credit will also depend on the loan-to-value requirements of the lender. Higher loan-to-value requirements can result in larger home equity loans or lines of credit.

Your monthly auto loan payment is based on the net purchase price of the vehicle, the loan term and the interest rate for the loan. The loan amount is based on the net purchase price of the vehicle (plus sales tax) or the vehicle price less any cash rebate, trade-in or down payment. If you have an outstanding balance on the vehicle you trade-in, that amount is added to the price of the vehicle you are purchasing.

One of the most important questions consumers ask themselves is, “How much money will the sale of my home yield?” This is largely dependent on two things: The amount you still owe on the home and what you will have to pay your realtor for selling the home. If you have a second mortgage or a home equity loan on the property, you will have to pay that off when you sell the home. When you sell a home, you will also have to pay interest on your outstanding mortgage balance from the date of your last payment until the time of the sale. You are also liable for property taxes up to the day you sell the home. At times, sellers have additional expenses. Local governments will often require that you pay a transfer tax when the home is sold. Incidental closing costs may also nibble at your proceeds.

The primary factors to consider when determining how much you can afford to spend on a home include your income and monthly debt obligations (car payments, student loans, credit cards, etc.), how much money you have for a down payment and your specific financial goals. Various loan programs are available, offering a range of options for different situations. 

Ultimately, the best way to understand what is right for you is to talk to a licensed loan officer who can help you explore and understand what is right for you.

If you are pre-approved for a mortgage loan, use the Ent Mortgage Payment Calculator to estimate your monthly mortgage payment to figure out how much you need to pay every month. Your monthly payment goes towards the principal balance on your mortgage and the interest accrued during the last billing period. Pay your mortgage on time every month to avoid compound interest and late fees. Once you pay off the mortgage in full after a certain number of years, you will own the home outright.

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