Calculators
HOW MUCH HOUSE CAN I AFFORD?
Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home. To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making...
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HOW MUCH WILL MY PAYMENTS BE?
As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment...
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BUY vs. RENT
Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home...
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INTEREST-ONLY CALCULATOR
If you take out an interest only loan and then make additional payments, you might be able to save yourself some money over the long haul...
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AMORTIZATION SCHEDULE
Determining your mortgage loan principal - money you still owe to the bank for your house, can be very beneficial, particularly if you are looking to pay your mortgage off ahead of time. In order to figure out your remaining balance, you only need to know the loan amount, the interest rate on your loan, the length of your loan, and how many months you have already paid...
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TAX BENEFITS CALCULATOR
When determining your tax benefits, you need to gather together quite a bit of information. Among the pieces of information you will need are:
The current value of your home
The number of years before you plan to sell the home
The amount of your loan
The interest rate on your loan
The length of your loan
The number of points applied to your loan
The closing costs when you purchased the home
The annual taxes for the property
The annual insurance for the property
The PMI rate
The Federal tax rate
The State tax rate
The amount of your deductions
After plugging in all of this information, you can determine the tax benefit of your home, which will help you determine the amount you are really paying for your mortgage each month...
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WHAT IF I PAY MORE EVERY MONTH?
When it comes to a home mortgage loan, you can actually pay off the loan much more quickly and save a great deal of money by simply paying a little extra each month...
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WHICH LOAN IS BETTER?
While shopping for a home mortgage loan, you will be presented with different loan options. Plugging this information into the loan comparison calculator will allow you to determine which one is the best option for you...
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