Calculators
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These loan calculators were designed to help give you the information
you may need to make informed decisions about financing a new home,
or refinancing your existing mortgage. |
Choose your calculator from the links below:
1 - Loan Payment Calculator
How
can I determine my new mortgage payment and how much principal and interest
I will be paying each month?
Enter principal, interest and loan term and this calculator will return a loan overview
with your monthly payment, total interest paid on the loan and the total
loan value. It also returns an amortization schedule showing how
much principal and interest you will pay each month, then calculates
the balance of the loan.
2 - Payment Savings Calculator
Will
my new loan save me money?
This calculator compares your current loan to a new loan and tells you if you will save
on your monthly payment by getting a new loan, and how much you'll save.
3 - Loan Cost Calculator
If
I refinance my existing loan, how much will I save and how long will it
take to recoup the costs of the loan?
This calculator allows you to compare two loans with the same loan amount
and different rates and terms, then lets you enter details about the
costs of the loan and calculates how long it will take to recoup the
costs of the proposed loan at your current savings.
4 - Loan Cost Calculator
How will it effect my loan if I make additional payments on my loan?
Calculate the effects of making additional payments to subtract years from the loan term. Make a one-time payment after a certain payment number or make additional payments each month to reduce interest paid and reduce the number of years paid on the loan..
Find amortization schedule, results of pre-payment amounts for Monthly, Semi-Annual, Annual or a One-Time Principal Pre-Payment. Prints results in HTML or text.
5 - APR Calculator
How can I determine the APR of a loan?
The Annual Percentage Rate (APR)
for a loan gives you a bigger picture when comparing possible loan scenarios.
The APR lets you see the total cost of a mortgage, including closing fees and points,
over the life of the loan - not just the interest due.
6 - Effects of Prepayment Calculator
If I increase my monthly payment, how will it effect my loan?
Find out how much you can save on interest costs by making prepayments on your mortgage. This calculator takes a principal
amount, interest rate, normal length of the loan, and either how long you want to pay or how much total a month to pay.
7 - Income Requirement Calculator
What income will my lenders expect me to be making to qualify for my loan?
Calculate what kind of income lenders will expect you to be making to qualify for the specific values that you
enter. This calculator will explain the normal qualifying ratios for the loan parameters that you enter based on industry standards. Your particular loan program may differ in percentages for PMI and and annual income. Prints an explanation of how it all works.
8 - Loan Length Comparison Calculator
What effect will making higher monthly payment have on my loan?
Here you can enter minimum and maximum monthly payments to compare loan terms, your average monthly interest, total interest, and your loan length in months and years.
9 - Affordability Calculator
Hou much home can I afford?
This is a calculator that lets you figure out how much you can afford to spend on a house.
10 - Mortgage Payment Table Calculator
How can I compare monthly paymnets for different interest rates and loan amounts all at the same time?
This calculator will create a table that will compare the monthly mortgage payment for a range of interest rates and principal loan amounts.
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