Mortgage Calculator
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Mortgage calculators are pivotal factors when you're looking for the right mortgage that best suits your home buying needs. Below is a short list of mortgage calculators to help you make your financial decision.
APR Mortgage Calculator
An APR mortgage calculator helps you calculate and compare the APRs or Annual Percentage Rates of different types of mortgage loans. To use an APR mortgage calculator, you need to fill in the loan amount and the quoted interest rate. Say for example, you take in a 30-year loan for $20,000 at 4.5% interest rate. Percentage of discount points is 2.0% with a closing fee of $1,000. When you calculate this using the APR mortgage calculator, you'll find that the annual interest rate of this loan is 5.5275%.
ARM vs. Fixed Mortgage Calculator
Different financial situations require different types of mortgage. An adjustable rate mortgage is good when the loan term that you want is short. On the other hand, fixed rate mortgages might give you the certainty that you need when it looks like interest rates are rising. Use ARM vs. fixed rate mortgage calculators to find out which mortgage suits you. An ARM vs. fixed rate mortgage calculator would require you to fill in the details both mortgages. Once done, the mortgage calculator will help you determine how much you can save with either mortgage types.
For example, you decide to take out a loan of $105,000 payable in 30 years. The fixed rate mortgage interest rate is 7.5% while the ARM interest rate is 4% with an adjustable period of one year. Maximum cap period of the ARM loan is 0.5% while the lifetime cap is 4%. Once you put in these details into the mortgage calculator, you can start estimating your savings on each mortgage. The mortgage calculator will show you that with a fixed rate loan, you will be paying $734.18 monthly and no savings. On the one hand, the mortgage calculator will also show you that ARM loan will have you paying up to $663.67 monthly with cumulative savings up to $11,024.46.
Comparison Mortgage Calculators
As the name itself suggests, this mortgage calculator allows you to compare several mortgage types and find out what suits you best. You can put in variables to as much as four loans into this mortgage calculator and start comparing prices. By providing the number of payments to be made, interest rates, and principal amount, this mortgage calculator will calculate for you the projected monthly payment.
30 Year and 15 Year Mortgage Calculator
This mortgage calculator will help you decide which mortgage suits your needs - 30 year or a 15 year term. For instance, you're considering a $100,000 loan. For 15 years, the interest rate is 6.250%. For a 30-year term, the interest will increase slightly to 6.500%. Discount points for each are equal at 1%.
For more accurate results on this mortgage calculator, let's put in a state/federal tax rate of 38%, property tax amount of $2,000, homeowner's insurance of $600, and savings rate of 4%. The purchase price of the home is $125,000. The result generated by the mortgage calculator will be a total payment of $1,074 for the 15-year term and $849 for the 30-year term.
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Fast Mortgage Calculator $12.95 |
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Home mortgage saving calculator lower total interest $7.17 |
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Mortgage calculator with extra payments total interest $7.17 |
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Calculated Industries 3405 Real Estate Master IIIX Real Estate Finance Calculator $33.49 Residential Real Estate Finance Calculator!Works great as a gift, or for calculations not requiring buyer qualification. Calculate complete PITI and Interest-Only payment solutions, amortization, combo loans, ARMs, rent vs. buy comparisons and much more.Let the Real Estate Master IIIx put answers to all your financing problems at your fingertips! Carry it with you on appointments with clients, and... |
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Calculated Industries 3415 Qualifier Plus IIIX Real Estate Finance Calculator $44.89 Let the Qualifier Plus IIIx put answers to all your financing problems at your fingertips! Gain instant access to PITI and Interest-Only Payments or figure out the Blended Rate and Payment for Combo Loans. Carry it with you on appointments with clients, a... |
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Pocket Real Estate Master Calculator 3400 New $23.97 Need an easy-to-use, inexpensive pocket-size loan calculator for instant mortgage solutions? The Pocket Real Estate Master helps you easily compare loan options. Find a monthly payment based on different loan amounts or interest rates. Find a loan amoun... |
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Real Estate Calculator Suite $39.95 If real estate math or financial math stress you, Real Estate Calculator Suite is the help you need! The 16 real estate and financial calculators in Real Estate Calculator Suite give you the ability to play with your own financial numbers as you consider a real estate purchase. Real Estate Calculator Suite includes 2 Quick Calculators, 2 Downpayment Savings Calculator, a pop up calculator, a Mor... |
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Mortgage Care Loan Servicing Software - SI $295.00 Mortgage+Care is a Seamless Family of Loan Origination and Loan Servicing Software Products. THIS PROGRAM INCLUDES: Consulting Plus also offers more... |
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Infinity Softworks powerOne RRE v1 for Windows $14.99 Replace your old financial calculator today! powerOne® RRE for Windows computers combines the ubiquitous powerOne Personal + and 17 templates for calculating residential property loans, qualification and commissions. Reasons to choose powerOne RRE include: -Have the same software no matter which computer you are using: desktop, laptop or Tablet PC. Out in the field with clients or in the office... |
Tagged with: 15 yr mortgage • 30 yr mortgage • apr • apr mortgage calculator • arm mortgage • comparison mortgage calculator • fixed mortgage • mortgage calculator
Filed under: Finance
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