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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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