Renovation Loan Calculator
Renovation Loan: a planned Super Calculator tool. Covers purchase price (currency). Stub page: the tool, its formula and a worked example are not published yet.
Renovation Loan Calculator is a planned calculator in the finance section of Super Calculator, covering other lending.
What this calculator will compute
Inputs: purchase price (currency), renovation budget (currency), after-improved value (currency), program, rate (%), term (years) and contingency (%).
Outputs: maximum loan (currency), monthly payment (currency), required down payment (currency) and renovation escrow (currency).
Formula, recorded as scope and not yet verified against a primary source: Sizes the loan against the after-improved value rather than the as-is value: maximum loan = after-improved value * program LTV, funding purchase plus renovation escrow. FHA 203(k) and the conventional renovation products differ in eligible improvements, contingency reserve requirements and consultant obligations.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.