Calculators

Mortgage Calculator – Generate an amortization schedule for your current mortgage. See how much interest you will pay and your principal balances.

Refinance Calculator – This worksheet calculates how far interest rates need to fall before you should refinance an old fixed-rate mortgage with a new fixed-rate mortgage.

Rent vs Buy Calculator – While purchasing a home is often the better option, there are times (depending upon how long you intend to live in a particular area) when renting may be a better choice. This calculator helps you determine what may be best for you.

Qualifying Calculator – How much income do I need? Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 30%. The housing expense, or front ratio, compares your total mortgage payment to your monthly income. The total debt expense ratio (or back ratio) is 36%. This total debt expense, or back ratio, compares your total monthly obligations including your total mortgage payment to your monthly income.

Net Proceeds Calculator – This calculator is designed to estimate the closing costs for both the buyer and seller based on a specific sales price and loan amount you enter. It does not include closing costs charged by a buyer’s lender.

Websites With Multiple Calculators:

http://www.dinkytown.net/

http://www.hsh.com/calculators.html

http://www.mortgage101.com/mortgage-calculators