Amortization is a means of paying off the principal loan sum plus interest over a fixed period of time, so that by the end of the term, the principal is eliminated. The Amortization Calculator will help you determine what your payments will be over time:
This simple mortgage calculator is designed to compare two fixed rate loans that have different interest rates and repayment periods. It also assists in comparing two different loan amounts that carry the same interest rate and repayment period. This helps when a lender offers to lend you more than you originally asked for. Does that still happen in today's lending environment? Absolutely:
This Home Affordability Calculator will help you estimate the size of loan associated with the monthly mortgage payment you feel you can afford. Our Home Affordability Calculator will help you estimate the amount of a mortgage or home loan you qualify for. Keep in mind that this figure should be treated as a guideline:
The Early Payoff calculator will help you determine how much more you will have to pay each month in order to shorten your loan term, and when you can anticipate paying off your loan:
Depending on where you live and other variable information, closing costs can easily add up. The Closing Costs Calculator will help you to determine the approximate costs and fees that will be due when you close your home loan:
By entering the amount of money you have, how long you will save and at what rate, the Savings Calculator will help you determine how much you can save by a set date:
The Monthly Payment calculator will calculate your payments based upon the interest rates and loan amount you enter. You can enter a range of interest rates and loan values that will allow you to compare different payments:
Refinancing your mortgage can help you lower your monthly payment. Simply enter information like your principal loan balance, and current payment and interest rates to find out if refinancing is a good choice for your situation:
Make a more informed decision by finding out how much house you can afford based on your yearly income, your debts and other factors, with our Prequalification Calculator:
The Interest Only Mortgage Calculator will help you to determine your monthly cash flow savings between a fully amortizing loan payment and an interest only loan payment:
The Annual Percentage Rate (APR) is a standard calculation used by lenders. APR calculations incorporate interest rates and fees into one single rate. This calculation is especially helpful in comparing different loan options: