Run my numbers

Hampton Roads · Free tool

What's your real rate?

Everybody's worried about "today's rate." Here's the thing: you're not paying one rate. You've got a car loan, maybe student loans, maybe a credit card. Your blended rate is the average of all of them, weighted by how much you owe on each. Plug in what you owe now, plug in the house, and see what actually changes.

Start with Step 1

Want to see how it works first? Load an example:

Jason Edwards
Jason Edwards
REALTOR® · eXp Realty · Retired Navy Senior Chief
1

Step 1

What you owe today

Grab your statements. For each debt: what you still owe, the interest rate, and what you actually pay each month. Then tell me what happens to it when you buy.

Want to see your debt-to-income change too?

Yearly pay divided by 12, for everyone on the loan. Get BAH? Lenders usually count it, but ask yours how.

2

Step 2

The house

Ballpark is fine. You can change any of this and the numbers update on the spot.

3

Step 3

Your real number

Empty on purpose.

Finish Steps 1 and 2 and the comparison unlocks automatically.

    Educational estimate for illustration only. This is not a loan offer, pre-qualification, commitment to lend, or financial, legal, or tax advice. Amortization, payoff, and interest figures are simplified; partially paid debts keep their original monthly payment; taxes, insurance, HOA and PMI are excluded; and the five-year interest comparison assumes fixed payments with no extra principal. Confirm every number with a licensed lender and your tax professional.

    Next step

    Want real numbers, not estimates?

    This gets you in the ballpark. A lender can tell you what's actually true for you. If you'd like, I'll connect you with one who works with VA loans all the time, and I'll send your numbers along so you don't have to start over.

    I'll use this to get back to you. That's it. No spam, and I don't sell your info.

    Real talk

    Why your rate isn't the whole story

    When people hear a mortgage rate on the news, they compare it to the 3% loans from a few years ago and decide buying doesn't make sense. I get it. But that one number leaves a lot out.

    What a blended rate is

    Your blended rate is the average interest rate on everything you owe, weighted by balance. Let me simplify that. Say you owe $10,000 at 5% and $30,000 at 3%. You owe more at 3%, so that loan counts three times as much. Your blended rate is 3.5%, not 4%.

    What if the mortgage rate is higher than you'd like?

    If your car loan is at 8% and a credit card is at 25%, a new mortgage at a lower rate becomes most of what you owe, so it pulls your average down. Pay off the card at closing and it drops more. That doesn't make the house free. Your monthly payments and your total interest still go up, and the calculator shows you that too. The point is to see the full picture before you decide the rate alone rules you out.

    What if you PCS and keep the house with the low rate?

    Plenty of military families keep their old home as a rental when they get orders. If you hold onto a 3% mortgage and take out a new loan, your blended rate lands somewhere between the two, which can be well below the rate on the new loan. Rental income isn't counted here, so talk with your lender about how they'll treat it.

    Where this calculator stops

    It leaves out property taxes, insurance, HOA dues and PMI, so your real housing payment will be higher. It doesn't count rent you'd stop paying. And it's not a quote. A good lender will run your actual numbers, and that's the number to make decisions on. You don't have to rush this.

    Jason Edwards

    Questions? Just text me.

    I'm Jason Edwards, a REALTOR® with eXp Realty and a retired Navy Senior Chief. I help military and relocating buyers move to Hampton Roads without making expensive mistakes. If these numbers raise more questions than they answer, that's normal. Text me and we'll walk through it.

    Text JasonBook a discovery call