Compare Mortgage Rates and Monthly Payments

Allen Edwin Homes Promotional Mortgage Calculator

Promotional Mortgage Calculator

Compare a standard rate against available Allen Edwin Homes promotional financing options. Select a standard loan type on one side, then choose the promotional option you want to compare on the other.

Side by Side Payment Comparison Promotional payment, standard payment, estimated monthly savings, rate, APR, and disclaimer update automatically.

Home and Monthly Cost Inputs

Compare Rate Options

Without Promotion

Standard Rate

Rate
APR

With Promotion

Promotional Rate

Rate
APR

Payment With Promotion

Select a promotional option to compare payments.

Payment Without Promotion

Estimated monthly payment using the selected standard rate.

Estimated Monthly Savings

Select a standard rate and a promotional option to compare payments.

3-2-1 Buydown Payment Schedule

This promotional option temporarily reduces the interest rate used for the estimated payment in years 1, 2, and 3, then returns to the note rate for years 4 through 30.

How This Calculation Is Made

The calculator starts with the estimated loan amount, which is the home price minus the down payment. It then calculates principal and interest using a standard fixed rate mortgage amortization formula based on the selected interest rate and loan term.

Monthly principal and interest = L × [r(1+r)^n] ÷ [(1+r)^n − 1]

In the formula, L is the loan amount, r is the monthly interest rate, and n is the total number of monthly payments. The estimated monthly payment shown on the page adds monthly property taxes, homeowners insurance, and PMI or mortgage insurance to the principal and interest estimate.

APR is displayed for comparison and disclosure context, but the monthly principal and interest calculation uses the interest rate selected in the calculator. For the 3-2-1 buydown, the displayed year by year payments use the temporary buydown rates for years 1, 2, and 3, then the note rate for years 4 through 30.

*Select a standard rate and a promotional option to compare estimated payments, rates, APRs, and applicable disclaimer language. Payment amounts marked with an asterisk are estimates. This calculator is for illustrative purposes only and does not constitute a loan offer, loan approval, rate lock, or commitment to lend. Actual payment, APR, taxes, insurance, mortgage insurance, fees, closing costs, qualification requirements, and available promotions may vary.