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| Mortgage
Payment Calculator |
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| Have you found a home you'd like to purchase,
but wonder what your payments will be? This calculator will
help you find out. If you need to adjust your payment, try varying
your percent down or the number of years you will finance the
loan. |
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| Which
is better - 15 or 30 Year Mortgage |
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| This loan comparison calculator will compare
a 30 and 15 year mortgage. If you'd like, you can also enter
your own mortgage terms. As you will see, a 15 year mortgage
will allow you substantial interest savings. However, the increased
monthly payment might not be affordable. Consult with one of
our brokers for a more specific estimate of the benefits to
you. |
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| Should
You Refinance |
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| This calculator will help you decide whether
or not you should refinance your current mortgage at a lower
interest rate. It will also show you how many months it will
take to break even on your closing costs. |
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| Monthly
vs. Biweekly Payments |
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| A biweekly mortgage allows you to make a mortgage
payment every 2 weeks resulting in 26 payments per year versus
12 monthly payments per year, or the equivalent of 13 monthly
payments. The result is a considerable reduction in the term
of the mortgage, as well as savings in total interest paid. |
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| Figure
Your Loan Options |
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| This calculator will compare two mortgages: one
with a lower interest rate and one with fewer points. |
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| Rent
vs. Buy Calculator |
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| Use this calculator to figure the differences
between renting and purchasing a home. |
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| How
Much Can You Afford |
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| This calculator will give you a general idea
how much of a mortgage you can afford based on your down payment
and what you want your monthly payments to be. |
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