Mortgage Tools
Click These Links for Help With Your Mortgage Calculations:
Calculate a range of monthly mortgage payments for two underwriting scenarios: one that uses aggressive underwriting guidelines and one that uses conservative guidelines.
How Much Will My Mortgage Payments Be?
Calculate your monthly mortgage payment for a given loan amount, interest rate and loan term. Payments are shown for principal and interest (P+I) and combined (P+I+T+I) payments. Combined payments include insurance and taxes
Fixed Rate or Adjustable Rate Mortgage?
Calculates and compare the monthly mortgage payment for a fixed- and adjustable-rate mortgage, given their respective interest rates and other loan terms.
Calculate which of two mortgage loans is the better deal. Either or both of the loans may be fixed- or adjustable-rate loans.
Should I Rent, Or Should I Buy?
Calculate whether buying a home is a better deal than renting. In some cases, renting may be cheaper than buying. For example, renting often requires a smaller monthly cash outflow than a combined mortgage payment that includes principal and interest, insurance and taxes (P+I+T+I) and, possibly, mortgage insurance.