Welcome to my Mortgage Calculators section. Pleae use the link(s) below to visit on line web sites with mortgage calculators and information. Please be sure to visit this page often as I update the information and links on a regular basis
Welcome to my Mortgage Calculators section. Pleae use the link(s) below to visit on line web sites with mortgage calculators and information. Please be sure to visit this page often as I update the information and links on a regular basis
This calculator compares the cost of renting versus the real cost of buying a home.
This calculator computes the most expensive house you can buy based on the highest payment you can afford, but does not indicate whether you would qualify for the loan.
Most lenders base their home loan qualification on both your total monthly gross income and your monthly expenses. These monthly expenses include property taxes, PMI, association dues, insurance, and credit card payments. Note: This calculator should be used for estimation purposes only.
This calculator determines the advantage or disadvantage of consolidating various loans and credit card debt. Click the "Add" button to enter up to 10 different loans and accounts.
This calculator computes the payments (principal and interest) for a fixed rate loan, using monthly interest compounding and monthly payments.
This calculator computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap.
The term of a balloon mortgage is usually short (e.g., 5 years), but the payment amount is amortized over a longer term (e.g., 30 years). An advantage of these loans is that they often have a lower interest rate, but the final balloon payment is substantial. This calculator computes the payment amount necessary for a mortgage with a balloon payment, using monthly interest compounding and monthly payments.
This calculator computes any one of the following given the others: the home price, number of payments, payment amount, or interest rate. Leave one of the first four fields blank to solve for that value.
This calculator will help you compare the total cost of any two or three mortgages. This analysis includes the effect of a tax deduction for interest. If the interest is not deductible, or if you do not want to show the effect of the tax deduction, choose an income tax rate of zero.
When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs. The calculated results depend on how long you plan to keep this property.
Find out how much interest you can save by paying an additional amount with your mortgage payment. The additional amount will reduce the principal on your mortgage, as well as the total amount of interest you will pay, and the number of payments.
If you are buying a home or refinancing a mortgage, many questions are bound to arise. Let these calculators guide you through matters such as whether to rent or buy; figuring the total amount you can borrow; or comparing one mortgage versus another.