Legal Center
Calculator Terms & Limitations
Important information about our mortgage calculators.
Important Notice
Our mortgage calculators are provided as self-help tools for your independent use. We cannot and do not guarantee their accuracy or applicability to your specific circumstances. Always consult with a qualified mortgage professional for personalized advice.
General Disclaimers
- Calculator results are estimates only and may vary from actual loan terms
- Results do not constitute a loan approval, commitment, or guarantee
- Calculations are based on the information you provide
- We do not guarantee the accuracy or completeness of calculator results
- Your actual payment obligation will be greater if taxes and insurance are included
Payment Calculator Assumptions
- Payments are made monthly
- Interest compounds monthly
- No prepayments or extra principal
- Fixed interest rate (unless ARM)
- Payments begin one month after closing
What's Not Included
- Property Taxes: Can add hundreds monthly
- Homeowners Insurance: Required by all lenders
- Mortgage Insurance: For loans under 20% down
- HOA Fees: Common in many communities
- Utilities & Maintenance: Ongoing home costs
Rate & Calculator-Specific Information
Interest Rate Disclaimers
- Rates shown are for illustration only
- Your rate depends on credit and income
- Rates change multiple times daily
- Rate quotes are not rate locks
- Points or fees may apply
Affordability Limitations
- Does not guarantee loan approval
- May not reflect all requirements
- Simplified debt-to-income ratios
- Does not consider all debts
- Program restrictions may apply
Refinance Considerations
- Closing costs are estimates and vary by lender
- Break-even assumes you keep the loan full term
- Does not account for tax implications
- Your home must appraise for the amount
Adjustable Rate Mortgage (ARM) Calculations
- Future rate adjustments are unpredictable
- Shows potential scenarios, not predictions
- Depends on future index values
- Payment and lifetime caps may apply
Tax Implications
Our calculators do not provide tax advice. The tax deductibility of mortgage interest and property taxes depends on your individual tax situation. Consult a qualified tax professional for advice specific to your circumstances."
No Warranty
Calculators are provided "as is" without warranty of any kind, either express or implied. We are not liable for any damages arising from your use of these calculators. Results are estimates only and should not be relied upon for making financial decisions.
Professional Advice Strongly Recommended
These calculators are no substitute for professional financial advice. We strongly recommend you:
- Consult with a mortgage professional
- Obtain personalized rate quotes
- Review actual loan documents
- Seek tax advice from a CPA
- Consider your complete financial picture
- Get a formal loan prequalification
Get Personalized Help
Ready for Personalized Numbers?
Get accurate quotes based on your specific situation from our experienced loan officers.