Mortgage Calculators

First Steps

• Am I better off renting?
• How much can I borrow?
• What home can I afford?
• How much can I save in taxes?

Loan Decisions

• What income is required to qualify for a mortgage?
• How much will my payments be?
• How much will adjustable rate payments be?
• Which is better: fixed or adjustable?
• Which is better: 15- or 30-year term?
• Loan Comparison: Which loan is better?
• Lender Comparison: Which lender has the better loan?
• How much should my down payment be?
• Should I pay points to lower the rate?
• How can I reduce mortgage insurance costs?
• What will my closing costs be?
• What is the advantage of biweekly payments?

Paying Down Your Mortgage

• How much can I save if I start biweekly payments?
• How much faster can I pay off my mortgage by increasing my payments?

Refinancing

• Am I better off refinancing?
• What will my refinancing costs be?
• How long will it take to break even on a refinance?