For sellers · Elam Real Estate
The Life Rate Calculator
Your mortgage rate is only one of the rates you pay. Add in the cards, the car and the loans, and you get your Life Rate. A few quick steps show yours today, and what it could be if you sold, paid everything off and bought the home you want next.
Where's the home you own now?
We'll use this to pull up value estimates for your home.
What's your home worth?
Use your best estimate. These links open the online estimates for your address in a new tab. For a real number based on recent Middle Tennessee sales, I'll send you a free value report.
What do you owe on it?
You'll find these on your monthly mortgage statement.
List your other debts
Credit cards, car loans, personal loans, student loans, a HELOC. Monthly payment is optional. Leave it blank and we'll estimate one.
What's your next home?
Enter the price of the home you'd like to buy. A ballpark is fine. You can fine-tune it on the results page and watch your numbers update.
Stay put vs. sell and move up
Monthly payments
Paid off at closing
Adjust the move
Want the real numbers?
Call me. I actually pick up the phone.
This is an estimate for planning, not a loan offer or appraisal. Payments shown are principal and interest only; property taxes, insurance and HOA dues aren't included. Debts with no payment entered are estimated over 5 years. Equity is applied to your highest-rate debts first. Talk with a licensed lender before making decisions. Your numbers stay in your browser and aren't sent anywhere. Gary Dempsey, Elam Real Estate.