Mortgage Calculators

We have put together many calculators and tools to help you make sense of the numbers. They are all easy and fun to use.

Monthly Payment

Calculate monthly payments of how much your home will cost you.

How Much “House” Can I Afford Calculator

The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range.

Some up front costs include:
  • Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.
  • Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
  • On-going Costs:
    Your housing costs can include the following:

    • Monthly mortgage payment
    • Homeowners insurance
    • Mortgage Insurance
    • if applicable Flood Insurance
    • if applicable
    • Property taxes
    • Utilities
    • Maintenance

Amortization Calculator

See the principal balance change as payments are made. This will show you how much you will owe on your house in “X” amount of years. Also, see how much of your payment is being applied to the principal and how much is being applied to the interest. Most of your payment in the beginning of the loan pays the interest of the loan. Use the Bi-Weekly calculator to see how much you can save by making mortgage payments every 2 weeks as opposed to every month. You will be surprised at what a difference this can make.

Interest Only Calculator

An Interest only mortgage calculator calculator helps the home buyer calculate his monthly payments on this type of loan.

Refinance Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. This calculator will calculate the monthly payment, net interest savings, and the time it will break even on the closing costs.

Bi-Weekly Calculator

Use this calculator to see how much money you can save on your mortgage by making payments every 2 weeks instead every month. You can also shorten the term of the loan by using this process. We have put together many calculators and tools to help you make sense of the numbers. They are all easy and fun to use.