Home Loan

1 ARM vs. Fixed Rate Mortgage Calculator :

Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully-Amortizing ARM and an Interest-Only ARM. A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to either increase or decrease through time.

2 Refinance Interest Savings Calculator:

This calculator can help you that find out. Enter the specifics about your current mortgage, along with your current appraised value, new loan term, new rate and closing costs. Together, this can determine how much refinancing might save you overall. You can also find out how long (number of months) it will take to break even on closing costs with your new, reduced monthly payment.

3 Loan Comparison Calculator:

Determining which loan will provide you with the best overall value involves more than simply comparing monthly payments. Use this calculator to sort through the monthly payments, fees and other costs associated with getting a new loan.

4 Mortgage Required Income Calculator:

That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

5 Home Equity Debt Consolidation Calculator:

This calculator is designed to help determine whether using your home equity to consolidate your debt is the right decision for you. Enter your credit cards, installment loans and any other debt you wish to consolidate by clicking on the "Enter Data" button for each category. Once those amounts are entered, change the consolidated loan amount, term or rate to create a loan that will work within your budget.

Posted in: Mortgage Loans