Financial Tools

Use the following tools as a guide through the loan process. Below you will find affordability calculator, loan calculator and definitions of basic terms.

How much can you afford?

Whether you’re shopping for a home
or just curious, find out how much house you can afford with this quick & easy mortgage calculator.

*This calculator is for initial evaluation purposes only. Your monthly financial obligations (other loans, credit card payments, child support, etc.) will affect how much you can actually pay for a house. Anticipate additional cost for PMI, Property Taxes, or Home Insurance. Consult a financial advisor to discuss your specific financial situation.

Home Affordability Calculator*

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Preferred Lenders

Our preferred mortgage lenders offer products with favorable terms and competitive interest rates. Fill in the form below, and we will point you to the best moneylender for your needs.

Financial Tols - Prefered Landers
My credit score? *

Comprehensive Mortgage Calculator

The loan amount, down payment, interest rate, taxes and PMI can have a dramatic effect on your monthly payment amount. Use our mortgage calculator to see the impact of these variables along with an amortization schedule.

Source: https://www.calculatestuff.com

Improve Your Credit Score while we Fix Your Pad​

Improve your Credit Score,
a few points can make a big difference!

Improve Your Credit Score

We’ve partnered up with Credit Repair Companies to help you boost your credit score. Let’s talk about eliminating the barriers to healthy mortgage options.

Our credit repair partners will help you:

Speed up the approval process by improving your credit score and telling the story of who you really are as a person.

Help you save thousands of dollars on high-interest rates due to less than ideal credit scores, likely due to no fault of your own.

Don’t Let Credit Ruin Your Home Buying Opportunity; Home Ownership is Closer Than You Think!

Mortgage Terms

Mortgage terminology can be confusing so we’ve broken down some of the terms to help make them easier to understand.

Down Payment

The initial cash payment usually represented as a percentage of the total purchase price. For
example, a 20% down payment on a $200,000 house is $40,000. A 20% down payment typically
allows you to avoid private
mortgage insurance (PMI).
The higher your down payment, the less interest you pay over the life of your home loan.

Interest Rate

The cost of financing a home purchase presented as an annual percentage of the outstanding loan. For example, a 4% interest rate on a $200,000 mortgage would add $666 to the monthly payment. As you continue your monthly payments, the interest portion will reduce.

Total Monthly Payment

The amount you pay each month for your mortgage, homeowner’s insurance, and PMI fees. This payment should be no more than 25% of your monthly income after taxes.

Mortgage Types

15-Year Fixed-Rate Mortgage

A home loan intended to be paid over a term of 15 years with the interest rate remains the same for the life of the loan. A 15-year mortgage will have a higher monthly payment but a lower interest rate than a 30-year mortgage. Paying more toward the principal amount each month, you’ll build equity in your home faster, be out of debt sooner, and save thousands of dollars in interest payments.

30-Year Fixed-Rate Mortgage

A home loan intended to be paid over a term of 30 years with the interest rate remains the same for the life of the loan. A 30-year mortgage will have the lower monthly payment but usually carries the highest interest rate (you’ll pay much more over the life of the loan).

Adjustable-Rate Mortgage

A home loan intended to be paid over a term of 30 years with a fixed interest rate for the first five years of the loan (5/1 ARM). After five years interest rate adjusts annually based on market trends until the loan is paid off. The interest rates are usually comparable to a 30-year mortgage, but ARMs transfer the risk of rising interest rates to you – the homeowner.

Private Mortgage Insurance (PMI)

Percentage of your original mortgage amount (calculated annually) based on your credit rating and down payment. PMI protects the lender in the event you do not pay your mortgage, and it generally costs 0.5% of your loan each month. In most cases, you can avoid PMI if you put 20% down on your home purchase.

Homeowner’s Insurance

Generally a requirement for any home mortgage. The premium is usually included with the monthly mortgage payment. Costs and coverage vary by state and the value of the home. Homeowner’s insurance can cover the cost to repair or rebuild due to damage caused by fire, windstorms, hail, lightning, theft or vandalism. It can also protect your possessions inside your home like clothes, furniture and electronics.

Property Taxes

Taxes levied based on the government’s appraisal of your property. These are usually included as part of your monthly mortgage payment. Property taxes vary greatly depending on location and home price.

FixPads, LLC. 16 Berryhill Rd, Columbia, SC 29210 | Privacy Policy | Terms of Use | Mobile Terms and Conditions

The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

This is how we rebuild Middle America

We search for distressed
properties in that are
fit for restoration.

We search for distressed properties in that are fit for restoration.

After the acquisition,
we deploy our crew and start
demolition & clean up.

After the acquisition, we deploy our crew and start demolition & clean up.

We renovate the
house with high
standards in mind.

We renovate the
house with high
standards in mind.

We install
efficient & updated
appliances.

We install
efficient & updated
appliances.

We deploy our cleaning
crew and prepare house
for rental or for sale.

We deploy our cleaning crew and prepare house for rental or for sale.

Finally,
we’re ready
for your
move…

Finally,
we’re ready
for your
move…

The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

Hotspots Background

Brand New Amana Microwave Oven

Beautiful Granite or Prefab Pro Formica Countertops

Brand New Amana Cooktop & Oven Oven

Prefab Engineered Vinyl Plank Floors

Brand New Sinks and Faucets

Brand New Cabinets with Self-Closing Doors

Brand New Amana Dishwasher

KITCHEN
Hotspots Background

Nickel-Plated Fixtures

New Doors

New Outlets & Switches

Freshly Painted Interior

Brand New Carpets

BEDROOM
Hotspots Background

New Outlets & Switches

Nickel-Plated Fixtures

Freshly Painted Interior

Beautiful Granite Countertops

Nickel-Plated Fixtures

BATH
Hotspots Background

30-year Architectural Shingles Roof

New Windows

New Doors

Fixed/Upgraded Porch

Vinyl Shake Siding

BUILDING

Improve your Credit Score,
a few points can make a big difference!

Improve Your Credit Score

We’ve partnered up with Credit Repair Companies to help you boost your credit score. Let’s talk about eliminating the barriers to healthy mortgage options.

Our credit repair partners will help you:

Speed up the approval process by improving your credit score and telling the story of who you really are as a person.

Help you save thousands of dollars on high-interest rates due to less than ideal credit scores, likely due to no fault of your own.

Don’t Let Credit Ruin Your Home Buying Opportunity; Home Ownership is Closer Than You Think!