Home Buying Calculators
The home buying calculators will help you to determine the
income required to qualify for the specific loan, your payments
for a particular loan, affordability, upfront cost, and more:
Affordability
Calculator
Credit
Grade Tool
Upfront
Cost Calculator
How much does this loan Really Cost?
Income
Calculator
The calculator will determine the income required to qualify
for the specific loan using the specified qualification ratios.
If you are not sure what ratio a particular lender uses, keep
the values at 28/36 which is considered more conservative.
Payment
Calculator
This calculator determines your payments for a particular
loan. If you request an amortization table, you will also
see how quickly your loan balance is paid off.
Balloon
Mortgage Payment Calculator
For those expecting to remain in their home for a relatively
short period of time, 5/25 and 7/23 Convertible, Two-Step,
and Balloon mortgages are getting more popular since they
often provide lower rates than conventional 30 year mortgages
while still giving a fixed payment schedule for 5 or more
years. The risk, of course, is what happens after the initial
fixed period is over and you have the possibility of converting
your loan. Here is a calculator to determine your initial
fixed payment and to try to answer those questions.
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