For internal scenario planning only. All figures are estimates based on general market guidelines. Verify current product eligibility, LTV limits, and pricing against official product matrices before quoting any borrower. Run full eligibility through Encompass or nCino. Figures shown do not constitute a loan commitment, pre-approval, or rate lock. Elliman Capital is licensed to originate mortgage loans in NY, NJ, CT, CA, CO, FL, PA, TX, and VA only.
Payment Estimator
MLO Internal
Agency / QM
Non-QM
Purchase Information
$
Borrower & Property
Taxes, Insurance & HOA
Private Mortgage Insurance
PMI not required — LTV is at or below the removal threshold. Reduce down payment to see PMI estimates.
FHA Mortgage Insurance
MIP is for life of loan when LTV > 90% at origination. Drops at year 11 for LTV ≤ 90%.
VA Funding Fee
Est. VA Funding Fee2.15%
No PMI required on VA loans regardless of LTV. Funding fee may be financed into the loan amount.
USDA Guarantee Fees
Upfront fee typically financed into loan. Annual fee applies for life of loan. Property must be in USDA-eligible rural area — confirm address at usda.gov.
DSCR Parameters
DSCR = Gross Rent ÷ PITIA. Most lenders require 1.0 minimum; 1.25+ is considered strong. No personal income documentation required.
Foreign National Parameters
No US credit required. Foreign bank reference letter or 12–24 months of verified foreign assets accepted. No-visa borrowers typically require 24 months reserves and lower LTV.
ITIN Parameters
ITIN borrowers use alternative credit references (rent, utilities, insurance) in lieu of a traditional credit report. Most lenders require 12 months of documented payment history across 2–3 tradelines.
Non-QM Parameters
Closing Costs & Prepaids
Loan Type
Conventional
Purchase Price
$500,000
Est. Monthly Payment
$—
Scenario estimate only — verify before quoting
Principal & Interest
Property Tax
Insurance
MI / PMI
HOA
Principal & Interest—
Property Tax—
Homeowners Insurance—
Flood Insurance—
PMI—
HOA—
Est. DSCR Ratio—
Loan Amount
—
LTV
—
Est. Max LTV*
—
Total Interest
—
Closing Costs
—
Est. Cash to Close
—
Prepaid Interest
—
Escrow Reserve
—
*Est. Max LTV reflects general market guidelines for this product/property/occupancy combination. Always verify against current product matrices before quoting.
Interest-only: balance does not reduce during I/O period.