Calculate how a fixed 30-year repayment obligation can be distributed over 30, 40, 50, or 60 years — with no increase to what you owe.
Principal and interest only.
The fixed total repayment obligation never changes — only how it's distributed.
| Loan option | Period | Monthly payment | Monthly savings | Fixed repayment |
|---|---|---|---|---|
| Traditional Mortgage | 30 years | $2,039.92 | — | $734,371.98 |
| HOME Act 30-Year | 30 years | $2,039.92 | — | $734,371.98 |
| HOME Act 40-Year | 40 years | $1,529.94 | $509.98 | $734,371.98 |
| HOME Act 50-Year | 50 years | $1,223.95 | $815.97 | $734,371.98 |
| HOME Act 60-Year | 60 years | $1,019.96 | $1,019.96 | $734,371.98 |
Lower required monthly payments can help families build emergency savings, invest for retirement, fund education, keep up with home maintenance, or start a small business — all while qualifying under traditional 30-year underwriting standards.
Qualified heirs may assume a HOME Act mortgage without losing the original fixed repayment terms — protecting the household's most valuable asset across generations.
This calculator is a policy demonstration only. It is not a loan offer, quote, commitment, or underwriting decision. Calculations include principal and interest only — property taxes, homeowners insurance, HOA fees, mortgage insurance, closing costs, maintenance, and lender fees are not included. Actual mortgage terms available to any individual will depend on lender requirements and prevailing market conditions.