MortgageDadOf3 Scenario Tool

Renovation Mortgage Budget Calculator

Stack contractor bids, contingency and soft costs against purchase price and as-completed value.

Renovation budget stack

Estimate acquisition plus renovation budget and contingency. This does not determine FHA 203(k), HomeStyle or CHOICERenovation maximum mortgage eligibility.

Purchase price

Contractor bids

Contingency %

Consultant / permits / eligible soft costs

Estimated as-completed value

Planning tool, not an approval: Results are educational estimates. Actual rates, APR, MI/MIP, taxes, insurance, HOA, closing costs, qualifying income, DTI, concessions and program eligibility depend on the loan file and current lender/agency rules.

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