Budgeting & Saving
Mortgage Loan Calculator
Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the “Report” button for a full yearly or monthly amortization schedule.
Mortgage Comparison: 15 Years vs. 30 Years
Determining which mortgage term is right for you can be a challenge. With a shorter 15 year mortgage, you will pay significantly less interest than a 30 year mortgage – but only if you can afford the higher monthly payment. Use this calculator for a comparison of a 15 vs. 30 year mortgage.
Mortgage Refinance Breakdown
How long will it take to break even on a mortgage refinance? Use the mortgage refinance calculator to sort through a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. The mortgage refinance calculator helps sort through the confusion and determine if refinancing your mortgage is a sound financial decision.
Mortgage Payoff Calculator
How much interest can you save by increasing your mortgage payment? The mortgage payoff calculator helps you find out. Click the “View Report” button to see a complete amortization payment schedule and how much you can save on your mortgage.
Should you buy points? Use the mortgage points calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. But each ‘point’ will cost you 1% of your mortgage balance. The mortgage points calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the “View Report” button to review your information.
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. The Home Rent vs. Buy calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options. This report is based on the original purchase price, fees and taxes payable at that time. Insurance and tax costs can fluctuate from year to year. Click the “View Report” button for a detailed look at the results.
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