|
Mortgage Calculators
 |
| Your monthly mortgage payment is calculated based on the loan amount, the interest rate and the number of years, or term, that you want the loan. In our calculator, you select the interest rate, the term and the loan amount based upon your needs. Many people obtain a mortgage loan based on 30 or 15 years, so we have provided a drop-down box with 30 and 15 years plus 25, 20 and 10. Or you put in your own term selection to see what the payment would be to pay off the loan sooner. Try It! |
| A biweekly payment plan divides your required monthly mortgage payment in half. The half-payment is automatically deducted from your checking account every other week. Some lenders apply the biweekly payments immediately; others apply the payment at the beginning of the month. The Biweekly Payment calculator lets you compare the monthly payment and the repayment schedule of a single monthly payment to a biweekly payment ? 12 monthly payments compared to 26 half-monthly payments. Try It! |
| The amortization schedule shows how much of your monthly payment is applied to interest and how much to principal reduction. Try It! |
| You want to know how much house you can afford. This calculator asks for your gross income, monthly obligations, such as car or student loans and credit card payments, how much money you have available for the down payment and your estimate of the taxes and insurance for the property. Like the other calculators, you also select the term and interest rate. Try It! |
|
|
|
