Mortgage Calculators

Mortgage Payment Calculator

This tool allows you to calculate your monthly home loan payments, using various loan terms, interest rates, and loan amounts. It includes advanced features like amortization tables and the ability to calculate a loan including property taxes, homeowners insurance & property mortgage insurance.

Rent Vs Buy Calculator

Are you still renting and considering buying your home? Use this free online calculator to compare the costs and benefits of each.

Remaining Home Loan Balance Calculator

Want to see how fast you will pay off your home loan? Use this free calculator to figure out what your remaining principal balance & home equity will be after paying on your loan for a specific number of months or years.

Loan Payoff Date Estimator

Have more money to put down on your home loan? Insert the amount you would like to pay each month & this calculator will figure how many years you save on your home loan given that additional payment versus a loan set to amortize over 30-years.

Extra Payment Calculator

Want to build your home equity quicker? Use this free calculator to see how even small extra payments will save you years of payments and thousands of Dollars of additional interest cost.

Monthly Interest + Principal Cost Per Thousand

This calculator shows how much you pay each month & each year — for each $1,000 of mortgage financing.

Calculate Real Annual Percentage Rate  APR

Advertised vs actual home loan interest costs may vary singificantly based on points, origination fees & closing costs. Use this tool to estimate your real mortgage APR (Annual Percentage Rate).

Mortgage Affordability

Unsure how much you can afford to spend on a house? Use this calculator to figure home loan affordability from the lender’s point of view.

Interest Tax Deduction Estimator

One of the advantages of real estate investment is that some homeowners may qualify to deduct mortgage interest payments from their income when filing their taxes. This calculator estimates your tax savings after a house purchase. Financial analysis is provided for the first year & subsequent years.

Mortgage Refinancing Calculator

Is your current interest rate on your house too high? Use this free tool to view today’s best home loan refi rates from top lenders & estimate your savings at a lower APR (Annual Percentage Rate).

Discount Points Savings Estimator

Discount points are an upfront fee which homeowners can pay to access lower mortgage rates. This calculator helps you discover if you should consider paying points on your home loan & calculate how quickly the points will pay for themselves.

Home Equity Loans Calculator

Do you currently carry high interest revolving credit on credit cards, cars & other personal loans? You may be able to leverage a home equity line of credit (HELOC) to lower your monthly debt payments.

Credit Line Qualification

See how much equity you qualify to borrow against your home.

Mortgage Qualification

Are you wondering if you qualify for a home loan? This pre qualification calculator estimates the minimum required income for a house & will let you know how much housing you qualify for a given income level. Please note that federal governmental loans from the USDA, the VA & the FHA have their own loan qualification requirements. It should also be noted that this calculator provides a rough estimate & lenders may charge varying rates or decide not to lend depending on variety of factors, including: down payment, house appraisal value, current market conditions, your current credit score & credit history, your outstanding debt obligations & other monthly debt payments.

Closing Costs

This estimator and guide helps home buyers estimate the total closing costs on a home loan.

Second Mortgage Calculator

Is property mortgage insurance (PMI) too expensive? Some home owners refinace a second low rate mortgage from another lender to bypass PMI payment requirements. Use this calculator to see if this option would save you money on your home loan.

Interest-Only Calculator

This tool helps buyers calculate current interest-only payments, but most interest-only loans are adjustable rate mortgages (ARMs). When the housing market is hot many people chase it, buying near the peak with interest-only loans. If home prices continue to climb, one can refinance at a lower rate. However if rates reset higher, so too will payments — causing home prices to decline & many marginal buyers to lose their equity & perhaps their homes.

Interest-Only Loan With Additional Payments

One problem with interest-only loans is that unless home prices rise the homeowner does not build any equity in their house, which puts them in a precarious position when mortgage rates rise. One way to build a bit of a buffer from market fluctuations is by adding extra payments applied toward your principal.

Mortgage Rates Comparison

Are you looking at a couple different loan quotes? Use this free mortgage calculator to get a side-by-side view of multiple loan quotes to select the best offer. For each quote you can select different rates, terms, points, origination fees & closing costs. 15-year loans build home equity faster, whereas 30-year mortgages offer lower monthly payments.

Bi-Weekly Mortgage Payments

In the early years of a longterm loan, most of the payment is applied toward interest. Home buyers can shave years off their loan by paying bi-weekly & making extra payments. Bi-weekly payments help you pay off principal in an accelerated fashion — before interest has a chance to compound on it. In making biweekly payments, those 26 annual payments effectively create an additional (13th) month of regular payments in each calendar year.

Adjustable Rates

Provides estimates of monthly payments for loans which periodically reset via adjustable rates.

Adjustable Vs Fixed

Use this to compare fixed, adjustable and interest-only options side by side.

FHA Qualifier

This tool can help you see if you qualify for an FHA backed loan.

Land Loans

Considering buying vacant land? This tool will help you estimate monthly payments.

Balloon

Calculate monthly payments and loan amortization on a balloon mortgage.

1031 Exchange

Calculate your potential deferred tax benefits. We also offer a 1031 deadline calculator.

This tool calculates amortization tables and balloon mortgages for commercial properties.

Take Home Pay

Use this to figure your after-tax take home pay.

Real Salary

Use this to figure what it costs you to go to work and what you are making after those expenses.

Lifetime Earnings

Calculate your expected income throughout your entire working career.

Millionaire

See how long it will take you to save a million Dollars.

College Savings

This will help you plan how to save for college.

Save Money

When you think about saving money the first thing that comes to mind is squeezing a few dollars out of your paycheck to deposit into an account. That is certainly a good way to save, but there are many more subtle ways to save that add up just as quickly.

Budgeting

Manage your cash flow by planning your budget.

Net Worth

Take a snapshot of your current financial situation by comparing your assets and liabilities.