Monthly Mortgage Payment & Amortization calculator
Amount To Borrow Calculator
Rent VS Buy Calculator
The Payment & Amortization Schedule Calculator Generate an amortization schedule; use monthly or bi-weekly payments; see the effects of prepayments.
The PMI Calculator Use this calculator to show the monthly PMI payment that may be required in addition to the monthly PITI payment.
The PMI and Loan Amortization Calculator Create an amortization schedule that shows PMI payments.
A fast amortization calculator Create an amortization schedule.
The Refinance Calculator Compare old vs. new loans, including "no-cost" and cash-out scenarios.
The Income Qualification Calculator Discover how much income you need to afford a certain monthly payment.
How Much House Can You Afford? Another way to estimate monthly payments.
The Prepayment Calculator Find out how much you need to pay to end your loan within a certain time.
Credit Grade Calculator This JavaScript calculator will "score" your credit using the number of late payments you have on various credit accounts. This isn't a true "credit score," but will give you a pretty good idea of how you'd fare.
Making Additional Payments to Principal
Debt Consolidation Calculator: Home Owners With One Mortgage. For borrowers with a first mortgage who may want to consolidate non-mortgage debt, either by refinancing the first mortgage with "cash-out", or by taking out a new second.
Debt Consolidation Calculator: Home Owners With Two Mortgages. For borrowers with a first and second mortgage who may want to explore a variety of consolidation options.
Mortgage Prepayment Calculator: Extra Monthly Payments. For borrowers who want to know when their loan will pay off, and how much interest they will save, if they make extra voluntary payments in addition to their required monthly payment.
Mortgage Prepayment Calculator: Biweekly Payments Applied Monthly. For borrowers who want to know when their loan will pay off, and how much interest they will save, if they shift to a biweekly payment plan, and if they make extra voluntary payments in addition to their required monthly payment.
Mortgage Prepayment Calculator: Extra Monthly Payments to Pay Off in Specified Period: For borrowers who want to know how much extra they must pay, above their required monthly payment, to pay off their loan within a specified period.
Refinancing Fixed Rate Loans
Mortgage Refinance Calculator: Refinancing One Mortgage. For borrowers trying to decide whether refinancing a mortgage will reduce their costs.
Mortgage Refinance Calculator: Refinancing Two Mortgages. For borrowers with two mortgages trying to decide whether refinancing into one or two new mortgages will reduce their costs.
Mortgage Refinance Calculator: Refinancing One Mortgage Into Two. For borrowers trying to decide whether they should refinance one mortgage into two mortgages to lower costs.
Mortgage Refinance Calculator: Cash-Out Refi Versus Second Mortgage. For borrowers with a mortgage who need to raise cash, trying to decide whether they should do a "cash out" refinance or take out a second mortgage.
Mortgage Refinance Calculator: Refinancing an ARM into a FRM. For borrowers with an ARM, worried about rising interest rates, trying to decide whether they should refinance into an FRM.
Advanced Calulators
Mortgage Refinance Calculator: Generate Break-Even Tables For borrowers who want to know how long they have to hold their new loan before they come out ahead - taking into account the costs of refinancing.
Mortgage Insurance Calculator: Period to Termination. For borrowers who want to know how long they will have to pay mortgage insurance premiums on their current mortgage.
Housing Affordability Calculator. For borrowers trying to figure out whether they can afford a given-priced house.
Rent Vs Buy Calculator: For users trying to decide whether they will be better off buying a home or continuing to rent over the next several years - also calculates break-even rent and break-even month.
Down Payment Calculator: Small Down Payment Now or Larger One Later: For borrowers trying to decide whether they will be better off buying a home now with a small or no down payment, or saving for a down payment first and buying later.
Monthly Payment Calculator: Adjustable-Rate Mortgages With Negative Amortization. For borrowers who want to know how the interest rate and monthly payments may change on an adjustable rate mortgage that permits negative amortization.
Monthly Payment Calculator: Adjustable Rate Mortgages With Flexible Payment Options: For borrowers who want to know how the interest rate and monthly payments may change on a monthly adjustable rate mortgage that permits negative amortization if they select alternative payment options.
Monthly Payment Calculator: Mortgages Payments With Temporary Buydowns: For borrowers who want an amortization schedule that shows the lower monthly payments in the early years from setting up a buydown account, and the amount that must be deposited in the account.
Interest Cost Calculator: Fixed-Rate Mortgage Versus ARM With No Negative Amortization. For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest after-tax interest cost.
Future Value Calculator: Fixed-Rate Mortgage Versus ARM With No Negative Amortization. For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest total cost over a specified future period.
Interest Cost Calculator: Fixed-Rate Mortgage Versus ARM With Negative Amortization. For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) with negative amortization or a fixed rate mortgage (FRM) based on the lowest after-tax interest cost.
Interest Cost Calculator: Comparing Two Fixed-Rate Mortgages. For borrowers trying to decide which of two fixed-rate mortgages they should select based on the lowest after-tax interest cost.
Future Value Calculator: Comparing Two Fixed-Rate Mortgages. For borrowers trying to decide which of two fixed-rate mortgages they should select based on the lowest total cost over a specified future period.
Mortgage Points & Fees
Mortgage Fee Calculator: Estimating Lender Fees From the APR. For borrowers who want to know the fees charged by a lender, in addition to the rate and points quoted in the media.
Down Payment Calculator: Rate of Return on Larger Down Payment. For borrowers with enough cash to make a down payment in excess of the minimum required on a particular loan, who want to know whether using the cash to increase the down payment is a good investment.
Mortgage Piggyback Calculator: Two Mortgages Versus One Larger Mortgage. For borrowers trying to decide whether they should take a second mortgage, either to avoid mortgage insurance or to avoid the higher interest rate on a jumbo as opposed to a conforming loan amount.
Mortgage Piggyback Calculator: Comparing Two Piggybacks. For borrowers trying to decide between two combinations of a first and second mortgage.
Mortgage Insurance Calculator: Mortgage Insurance Versus Higher Rate. For borrowers trying to decide whether they should elect to pay mortgage insurance on a fixed-rate mortgage, or avoid mortgage insurance by paying a higher interest rate.
Less-Than-20% Down Calculator: Mortgage Insurance Versus Higher Interest Rate Versus Piggyback. For borrowers who cannot put 20% down, selecting between borrower-pay mortgage insurance, lender-pay mortgage insurance where the borrower pays a higher interest rate on the first mortgage, and a piggyback consisting of an 80% first mortgage plus a higher-rate second mortgage.
Mortgage As An Investment
Mortgage Term Calculator: Investing in a Shorter Term. For borrowers with sufficient income to afford the higher monthly payment on a shorter term FRM, who want to know whether the higher payment is a good investment.
APR (Annual Percentage Rate) Calculator
APR Calculator: Fixed Rate Mortgages. For lenders, mortgage brokers, loan officers or borrowers who need to calculate an APR on a Fixed Rate Mortgage.
APR Calculator: Adjustable Rate Mortgages. For lenders, mortgage brokers, loan officers or borrowers who need to calculate an APR on an Adjustable Rate Mortgage.
APR Calculator: Adjustable Rate Mortgages with Negative Amortization. For lenders, mortgage brokers, loan officers or borrowers who need to calculate an APR on an Adjustable Rate Mortgage with Negative Amortization.
Calculator Assistant
*Some of the above calculators were provided by www.decisionaide.com.
