Determining which mortgage term is right for you can be a challenge. With a shorter 15 year mortgage, you will pay significantly less interest than a 30-year mortgage - but only if you can afford the higher monthly payment. Use this 15 Vs 30-year mortgage calculator for a comparison of a 15 vs. 30-year mortgage.
This adjustable-rate mortgage calculator helps you to determine what your adjustable mortgage payments may be. An adjustable-rate mortgage calculator is also useful to see the effect of interest changes on your mortgage payment, depend on the type of mortgage you chose.
Considering Mortgage? Fixed rate mortgage has the same payment for the entire term of the loan. An adjustable-rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use our ARM vs. Fixed Rate Mortgage calculator to understand what's the best choice for you.
How long will it take to break even on a mortgage refinance? Use the mortgage refinance calculator to sort through a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home.
Use this calculator to generate an amortization schedule for an interest-only mortgage. Quickly see how much interest you will pay and your principal balances. Press the "View Report" button for a full yearly or monthly amortization schedule.
Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. The final amount you receive take into account any outstanding mortgages you might have.
Should you rent or should you buy your home? The Home Rent vs. Buy calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options. This report is based on the original purchase price, fees and taxes payable at that time.
A balloon mortgage can be an excellent option for many home buyers. A balloon mortgage is usually rather short, with a term of five to seven years, but the payment is based on a term of 30 years. They often have a lower interest rate, and can be easier to qualify for than a traditional 30 year fixed mortgage.
The first step in buying a house is determining your budget. The mortgage qualifier calculator steps you through the process of finding out how much you can borrow. You can calculate your mortgage qualification based on income, purchase price or total monthly payment.
How much interest can you save by increasing your mortgage payment? The mortgage payoff calculator helps you find out. Click the "View Report" button to see a complete amortization payment schedule and how much you can save on your mortgage
Every bank has their own terms for lending, and the consider many things before making a decision. The amount and term of the loan lenders can give is contingent on many factors. Use our maximum mortgage calculator to know your maximum you can borrow as well as explanations of the different mortgage terms.
Use this calculator to determine the Annual Percentage Rate (APR) of your Adjustable Rate Mortgage (ARM). Knowing your APR can help you compare different ARMs with different fees and terms.