This is a custom calculator constructed to meet a customer’s specifications. It uses only the core functionality of RMC Pro to validate input and generate added costs. Custom set up is simple and calculator settings are easy to share. Contact me for help creating your calculator or request a quote for a custom set.
- Principle is calculated for the first month.
- Interest is calculated for the first month.
- Property tax rate is .91%.
- Add HOA dues field accepts a dollar amount. It only displays if a value is set.
- Mortgage insurance only displays if it is non-zero (80 and below = 0, 80.01 – 85.00 = .19, 85.01 – 90.00 = .30, 90.01 – 95.00 = .41, 95.01 – 97.00 = .55).
- Homeowner’s Insurance using a range (property value 0 – 200K = $50 per month. 200K – 300K = $75 per month. 300K – 400K = $100 per month. 400K – 500K = $125 per month, and so on).
You can purchase this calculator as an add-on to RMC Pro, and upload the settings file in the RMC Pro Dashboard.