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Mortgage Caluculators

 

Mortgage calculators can assist you in calculating numbers on your current mortgage, or getting an idea of estimated costs on other mortgage programs. Remember that while these can be helpful, they don’t always take in to consideration your unique credit situation or the guidelines of individual lenders.

 

Click on the name of each calculator to be directed to the appropriate link, and please contact us with any questions you may have.




Mortgage Loan Calculator (PITI)


Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. This calculator also allows you to enter your estimated insurance and property taxes. Remember to press the "View Report" button for a full yearly or monthly amortization schedule.

 

Rent Vs. Buy


Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. You may be surprised at how quickly it will make sense to buy. Remember to click the "View Report" button for a detailed look at the results.

 

Mortgage Tax Savings


Interest paid on a mortgage is tax deductible if you itemize on your on tax return. So are points that are paid to lower your interest rate. Use this calculator to determine how much you could save in income taxes. Click on the "View Report" button to view the results in detail.

 

Adjustable Rate Mortgage Vs. Fixed Rate Mortgage


An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

 

Interest Only Vs. Fixed Rate Mortgage


Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.

 

Option ARM Vs. Fixed Rate Mortgage


Use this calculator see how a the minimum payment on an Option ARM Mortgage can save you money on your monthly mortgage payment.

 

Adjustable Rate Mortgage Calculator


An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. This calculator helps you to determine what your adjustable mortgage payments will be.

 

Bi-Weekly Payment Calculator


Using bi-weekly payments can accelerate your mortgage payoff and save you thousands in interest. Use this calculator to compare a typical monthly payment schedule to an accelerated bi-weekly payment.

 

Refinance Interest Savings


Use this calculator to see how much interest you can save by refinancing your mortgage!

 

Refinance Debt Consolidation


This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you.