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Mortgage Calculators
 Mortgage Payment Calculator (PITI)
This calculator will compute your Total Monthly Mortgage Payment, which consists of Payment, Interest, Taxes and Insurance (a.k.a. PITI), and Loan to Value Ratio (LTV) based on the property value, loan amount borrowed, loan term and annual interest rate. You can also specify to calculate annual property taxes and insurance.
Mortgage Payment Amortization
This calculator will compute your Monthly Payment, the Total Interest you will pay over the term of the loan plus the total amount you will actually pay for borrowing the money. Simply input your information in to the required field. You can check "Show Amortization Schedule" box to see a breakdown of payments.
How Much Can I Borrow?
You can use this calculator as a guide to determine what the mortgage companies will allow you to borrow and how much will you save on taxes. There are a lot of factors, of course, which will ultimately determine what your bank or mortgage company will allow you to borrow, but gross income and current debt payments are the most heavily weighted qualifiers.
How Much Income Do I Need?
You can use this calculator as a guide to determine what the mortgage companies will allow you to borrow and how much will you save on taxes. There are a lot of factors, of course, which will ultimately determine what your bank or mortgage company will allow you to borrow, but gross income and current debt payments are the most heavily weighted qualifiers.
Bi-Weekly Mortgage Payment
Use this calculator to compute how much you will save by making 1/2 of your normal monthly payment every two weeks (bi-weekly) instead of making a full mortgage payment once a month. Bi-weekly payments accelerate your mortgage payoff by adding an extra 13th payment to your annual number of payments and splitting it up between 26 bi-weekly payments. This simple technique can cut years off your mortgage and save you thousands of dollars in interest.
Refinance Calculator
This calculator will show the Monthly Payment and Total Interest and Refinancing Savings when you refinance your current mortgage at a lower interest rate. You can also request to finance Closing Costs to see how many months it will take to break even.
Should I Buy or Rent?
This calculator computes the costs of renting versus the costs of buying a home. There are many things included in the calculation such as interest, property taxes, tax savings, appreciation, closing costs, etc. But comparing the cost of renting to the cost of buying is a lot more complicated. This calculator attempts to forecast the effects of all the hidden components so you can make an informed decision.
Mortgage Payoff Goal
This calculator will show how the additional monthly payment will help you to pay off your current mortgage within a specified number of years. It will also show your interest savings if you make an additional payment each month from now and until your mortgage is paid off.
Payment Breakdown Calculator
This calculator will help you to determine the principal and interest breakdown on any given payment number. Just enter the loan's original terms (principal, interest rate, number of payments and monthly payment amount) and the desired payment number to calculate principal and interest breakdown.
Missing Loan-Term Calculator
The 4 loan terms are Principal, Interest Rate, Number of Payments Remaining and Monthly Payment. If you leave one of these terms empty (missing), this calculator will compute this 4th missing term. For instance, if you would like to find out the 'Number of Payments Remaining', just enter 'Principal', 'Interest Rate' and 'Monthly Payment' fields and click compute.
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