| 14
Mortgage Loan Calculators for you to use. |
| To
return to the calculator menu press the back button on your browser |
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| Payment
Calculator 1 |
| Very easy to
use and similar to what you've seen all over the web. |
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| Payment
Calculator 2 |
| Also easy to
use, but different from the calculator above. |
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| Multi-Payment
Calculator |
| Allows you
to calculate several different loans at once so you can compare payments. |
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| PITI
Calculator |
| Adds taxes
and insurance to your mortgage payment. Useful because this is how
your lender calculates your monthly housing costs to determine your
qualifying ratios. If you are impounding your loan, it helps you to
know what your total monthly payment will be. |
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| Qualifying
Calculator |
| How much
income does it take you to qualify for a particular home? This
calculator will tell you. However, you may want to adjust the
qualifying ratios to 33/38 or whatever your local lender recommends. |
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| Affordability
Calculator |
| How much
house can you afford with your income? This calculator helps and is
designed for those putting less than twenty percent down. |
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| Rent
vs. Own |
| Rents have
risen considerably recently. This calculator helps to show what your
net gain may be in owning rather than renting, taking many considerations
into account. |
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| Amortization
Table Calculator |
| Would you
like to print up amortization tables so you can see how your balance
declines. You can also make adjustments so your table will show the
effect of paying extra each month. Print the tables and compare. |
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| Principal
After X Years |
| Perhaps you
plan to sell this home in five years and want to know what your mortgage
balance will be at that time. T |
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| Principal
Prepayment Calculator |
| This
mortgage calculator tells you when your normal payoff would be and when it
would be if you paid a specific extra amount each month. |
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| Prepayment
Analysis Calculator |
| Suppose you
want to pay off your mortgage in a specific period of time. How much
should you pay monthly to accomplish your goal? |
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| Prepay
Principal or Invest the Money? |
| This
calculator will help you make the decision on whether it makes more sense
for you financially to pay down your mortgage or put some money away in
financial investments of various kinds. |
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| Bi-Weekly
Mortgage Calculator |
| A bi-weekly
mortgage is basically the same as making one extra mortgage payment a
year. This calculator tells you how quickly you would pay off your
mortgage if you were making the payments once every two weeks instead of
once a month. |
