Get the real monthly payment, normalize the quoted APR into a true effective rate, and see how the purchase shifts overall net worth.
Calculate the monthly payment including taxes, insurance, and PMI.
mortgage({"home_price": 400000, "annual_rate": 0.07})Convert the loan's nominal APR into its true effective annual rate.
effective_rate({"mode": "to_apy", "apr": 0.07, "apy": 100})Check how taking on the mortgage shifts current assets and debts.
net_worth({"cash": 100, "investments": 100, "retirement_accounts": 100})