Calculators
There are many financial decisions involved in purchasing or refinancing a home. The calculators we provide here can help you decide what type of mortgage is best for you, whether you are considering purchasing a new home or deciding if it is the right time to refinance. Of course, the calculators don’t take into account all the factors that should be considered when choosing a new mortgage, they are designed just to offer assistance. The final decision should always be based on what’s best for you and your individual situation.
How much can I afford?
The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow.
How much can I afford?Should I buy or rent?
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question.
Rent vs. BuyWhat is my maximum mortgage?
What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
Maximum MortgageWhat is the minimum downpayment and maximum FHA mortgage allowed?
Use this calculator to determine the minimum downpayment and maximum FHA mortgage that would be allowed on a home purchase. It will also create an estimate of your closing costs and required upfront Mortgage Insurance Premium (MIP).
FHA Maximum FinancingWhat is the right mortgage term for me?
Determining which mortgage term is right for you can be a challenge. With a shorter year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment.
15 years vs. 30 yearsWhat is the right mortgage term for me?
Determining which mortgage term is right for you can be a challenge. With a shorter year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment.
20 years vs. 30 yearsWhat is the right mortgage term for me?
Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances.
Mortgage Loan CalculatorHow does a fixed rate mortgage compare to a Fully Amortizing ARM?
A 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.
ARM vs. Fixed Rate MortgageHow much do I need to qualify?
What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate.
Required Income CalculatorWhat is the estimated amortization schedule?
Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances.
Mortgage Amortization Calculator