Mortgage Calculators

The calculators to the left are advanced but understandable financial tools to help you make solid decisions. If you are the kind of person who likes to get into the numbers then you will be happy to take your time here.

The Purchase Mortgage Calculator will give you an idea of how much home you can afford, what the payments will be, and what your income needs to be in order to qualify.

The What Will My Mortgage Payments Be? calculator is a straight forward PITI calculator that also shows you the benefits of making extra payments on your mortgage.

The 15 years vs. 30 years calculator shows you the trade-offs between a 30 year mortgage and a 15 year mortgage.

The Rent vs. Buy  calculator takes into account all of the important factors when weighing the financial benefits or owning a home vs. renting. This factors in inflation, tax implications, maintenance costs, down payment closing costs, and appreciation. This can give you a great idea of which factors to take into account when you consider buying a home.

The Mortgage Refinance Break Even calculator will give you an idea of how long it will take you to recoup closing costs or points from a refinance. This is important when you are considering refinancing but want to make sure it makes good financial sense.

The Total Interest Savings on Refinance calculator takes a long-term view of your refinance. How much will you save over the lifetime of a new loan if you refinance?

The Is it Worth it to Buy down my Rate? calculator tells you if you should pay points to get a lower rate. It’s easy to make an emotional decision about closing costs and about getting the lowest rate; this calculator helps you be more objective about this financial decision.

The ARM vs. Fixed Rate calculator helps you decide if an Adjustable Rate Mortgage is right for you. This is especially helpful for people who make financial decisions based on numbers and facts.

The Simple Loan Comparison calculator is a place for you to compare three loan options. You put in any three loan scenarios and compare them side by side.

The The FHA Maximum Financing is used on every FHA purchase loan to determine your new loan amount and down payment. This is normally a tool for Loan Officers and Underwriters, but it can also give you an idea up-front of how your new FHA loan will be structured.