About

Your Mortgage Toolbox is a free online mortgage planning resource designed to help homebuyers see the real numbers before they apply for a mortgage. Unlike many free mortgage calculators that focus mainly on principal and interest, Your Mortgage Toolbox helps consumers estimate a more complete picture of the homebuying cost, including total monthly payment, property taxes, homeowner’s insurance, mortgage insurance, closing costs, prepaid expenses, and total cash needed to close.

The website was created to reduce the guesswork that often comes with online mortgage research. Many buyers start with a simple payment estimate, only to later discover that taxes, insurance, PMI, closing costs, and prepaid items can materially change both the monthly payment and the amount of money needed at closing. Your Mortgage Toolbox gives consumers a more practical way to estimate those figures earlier in the process.

The site includes free tools to help users estimate total monthly payment, cash to close, affordability, refinance options, income needed to qualify, amortization schedules, and estimated net proceeds from the sale of a home. The tools are designed for educational use and do not require users to create an account, provide personal contact information, or speak with a salesperson.

Your Mortgage Toolbox was created by Don Proctor, a Dallas/Fort Worth-based banking executive with more than 37 years of experience in mortgage and commercial lending. The mission of the site is to help consumers make better-informed mortgage decisions by replacing rough estimates and online guesswork with clearer, more complete mortgage planning tools.

In addition to its free consumer calculators, Your Mortgage Toolbox also plans to offer branded calculator solutions for real estate agents, mortgage lenders, and other housing professionals who want to provide more useful mortgage planning tools to their clients.