Owing
a home rather than renting might work to your advantage.
Find out for yourself.
For Calculation
Current monthly rent, expected yearly rent increase, federal income tax bracket, term of the loan in years, the loan rate. How much to borrow to purchase a home, expected property purchase price, estimated annual appreciation of the home expected to be bought, amount to pay in annual property taxes on the home you expect to buy, number of years planning to live in that home.
Affordability Calculator
This
will help you determine the amount of money required to
borrow for a mortgage loan, based on your income and
debt.
For Calculation
Annual income ,Total monthly debt, Funds available for
down payment and closing costs Interest Rate.
Monthly Payment
This
is what your monthly loan payment works out to.
For Calculation
Term
of the loan in years, expected interest rate of the
loan, sale price or estimated value of the home ,amount
of the loan, expected annual property taxes, expected
annual hazard insurance, expected annual homeowner's
association dues.
Amortization
This
calculator tells you how much of your monthly payment goes
toward principal and interest over the life of the loan.
For Calculation
Loan
amount Interest rate, Type of loan ,Starting month, Starting
year.
Refinance
To Refinance or not-to Refinance?
For Calculation
Mortgage
Information- current loan balance, current interest rate of
the loan, current principal and interest payment.
Refinance Information- current estimated value of your
property, term of the new loan, estimated amount of the new
loan, interest rate of the new loan.
