Short Sale Calculator
Our short sale calculator aims to bring clarity to a very stressful and confusing time in your life.
Determine a true market value of your property
What other calculators don’t take into consideration, which ours does
The fact that unless your mortgage(s) are interest only, you are paying down the balance on your loans, and will recover equity when the loans are paid off. (A good indication that another calculator is not considering this is an absurdly high years to recover equity number.)
By auto calculating your monthly payment, based on loan balance and interest rate, we can accurately arrive at what your payment is without all the hidden fees that come into play on mortgage statements. (Hidden fees would include inflators like late fees, non-sufficient funds fees, escrow shortage fees, and past payments missed.)
Another custom feature is the ability to enter the number of months behind you are on your mortgage(s). (This is important because what other calculators, and most people don’t know, is that even if the bank was to modify your mortgage, or offer any kind of agreement to reconcile your account, 99.9% percent of the time they are going to add these missed payments onto the outstanding balance of your mortgage. So while you think you are being helped with an interest rate reduction, or some other tool the bank has employed, your loan has actually just grown from what you originally signed for.)
Finally, our calculator figures out what you have paid from the origination of loan until now, and takes that principal amount into account when figuring out the savings, or lack thereof, you will incur by selling.
By auto calculating your monthly payment, based on loan balance and interest rate, we can accurately arrive at what your payment is without all the hidden fees that come into play on mortgage statements. (Hidden fees would include inflators like late fees, non-sufficient funds fees, escrow shortage fees, and past payments missed.)
Another custom feature is the ability to enter the number of months behind you are on your mortgage(s). (This is important because what other calculators, and most people don’t know, is that even if the bank was to modify your mortgage, or offer any kind of agreement to reconcile your account, 99.9% percent of the time they are going to add these missed payments onto the outstanding balance of your mortgage. So while you think you are being helped with an interest rate reduction, or some other tool the bank has employed, your loan has actually just grown from what you originally signed for.)
Finally, our calculator figures out what you have paid from the origination of loan until now, and takes that principal amount into account when figuring out the savings, or lack thereof, you will incur by selling.
How the short sale process works
* 1. We encourage you to pay mortgage. 2. Calculator is an estimation. 3. Proprietary info: This is for "entertainment" and "informational" purposes only. Numbers are not absolute. No way is calculator or numbers provided a form to induce breach of mortgage or guarantee actual results may vary.Please keep in mind that while this calculator is built on strong and advanced formulas, it is only as accurate as what is entered into it. So please be as thorough as possible when filling in the table on the calculator.
