Comparing Mortgage Terms (15, 20, 30 year)
Use this calculator to determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money.
Adjustable Rate Mortgage (ARM) Calculator
See how interest rates will impact your monthly payments and the total interest paid over the life of the loan.
Should I Convert to a Bi-Weekly Payment Schedule?
There is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.
Should I Pay Discount Points for a Lower Interest Rate?
In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.
How Much Home Can I Afford?
Use this calculator to determine how much of a mortgage you may be able to obtain, taking into consideration, income, assets and down payment, as well as, loans, debt, child support and overall credit rating.
Should I Refinance My Mortgage?
Even though rates have crept up recently, refinancing may make sense for you. Use the calculator to analyze your situation.
Should I Rent or Buy a Home?
With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.
Which is Better: Fixed or Adjustable-Rate Mortgage?
Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact on your decision.
How do Closing Costs Impact the Interest Rate?
To help borrowers compare loans, lenders use a standard calculation called annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.