Work the deal yourself
Four calculators: the ratio and the payment behind it, the cash a refinance releases, what each prepayment structure really costs, and short-term-rental income converted to the number underwriting uses. Priced on the desk's active rate sheet — the same grid the application uses.
THE PROPERTY
THE ANSWER
1.30
Prices at par — 1.20 and above is the par band.
| Loan amount | $300,000 |
|---|---|
| Illustrative rate | 6.625% |
| Principal & interest | $1,921/mo |
| Taxes, insurance, HOA | $550/mo |
| PITIA | $2,471/mo |
| Largest loan this rent carries at 1.00 | $413,861 |
ILLUSTRATIVE — from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01. Not a quote or a commitment to lend; subject to underwriting, appraisal and final credit approval.
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01. Not a quote or a commitment to lend.
Cash-out estimator
Under six months of ownership, the loan is sized against your documented cost basis rather than the new appraised value. This shows both sides of that line.
$90,000
Six months clear — the appraisal carries the number.
| Seasoning | 8 months — appraised value applies |
|---|---|
| Value the ratio is taken against | $520,000 |
| Maximum loan at 75% LTV | $390,000 |
| Existing payoff | $300,000 |
| Estimated cash to you | $90,000 |
ILLUSTRATIVE — Cash out is capped by the seasoning rule, the appraisal and final credit approval. Not a quote or a commitment to lend.
Prepayment comparison
A shorter prepay costs rate every month you hold and saves a penalty only if you exit early. This compares the four structures on the sheet against your actual hold.
| STRUCTURE | RATE | PAYMENT | PENALTY AT EXIT | TOTAL COST |
|---|---|---|---|---|
| 5-4-3-2-1 | 6.625% | $2,561 | $12,000 | $12,000 |
| 3-2-1 | 6.875% | $2,628 | $4,000 | $6,393 |
| One year | 7.125% | $2,695 | $0 | $4,811 |
| None | 7.500% | $2,797 | $0 | $8,482 |
Over a 3-year hold, One year is the cheapest structure — $4,811 in added rate and penalty combined.
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01. Not a quote or a commitment to lend.
Short-term rental income converter
Underwriting qualifies a short-term rental on net income, not gross bookings. Convert twelve months of gross into the monthly number the ratio is actually built on.
1.33
Par band — the net income carries the debt comfortably.
| Twelve-month gross | $78,000 |
|---|---|
| Platform fees (15%) | −$11,700 |
| Management (20%) | −$13,260 |
| Net annual | $53,040 |
| Monthly qualifying income | $4,420 |
| Illustrative rate | 6.875% (includes the short-term-rental add-on) |
| PITIA | $3,328/mo |
| DSCR | 1.33 |
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01; a twelve-month history is normally required. Not a quote or a commitment to lend.