Free Online Mortgage Calculators

You can use this maximum mortgage calculator to figure out how much money you can borrow when thinking about buying a new home.  The calculator provides the user with two maximum mortgage values, based on the most common measures that lenders use - the rules of 28 and 36.

You can use this calculator to figure out how much money you need to make to qualify for a mortgage.  The calculator provides the user with two annual income values, based on the most common measures that lenders use - the rules of 28 and 36.

You can use this mortgage comparison calculator to evaluate the differences between the monthly payments, total payments and total interest charges for 15, 20 and 30 year mortgages.

You can use this mortgage points calculator to compare a loan with no points versus a loan where you are paying points.  The calculator figures out how much you will save off your monthly mortgage by paying points and how many months it will take to recover the points paid.

You can use this mortgage APR calculator to estimate the effective annual interest rate on a loan.  The calculator uses the quoted annual interest rate, in combination with the fees charged, to figure out an effective monthly payment on the loan.  Based on that new payment, the APR on the mortgage can be determined.

You can use this mortgage cost calculator to estimate the cost of the loan in terms of fees and points paid.  The calculator leverages the fact that the annual percentage rate or APR for a loan is determined using out of the pocket costs associated with the mortgage.  The closer the quoted interest rate is to the APR, the lower the fees and other upfront costs such as points.

If you've been thinking about buying a home but you're not sure if you'll benefit over the long haul, then try our rent vs. buy a home calculator.  This free tool will allow you to compare your monthly payments for renting or buying but provides even more analytics.  The calculator provides an estimate of the home's future value and tax savings you'll realize by buying to give you a total loss or gain by buying a home.

One of the nice things about a mortgage is that the interest charges are deductible from your federal income taxes.  If you want to know just how much you can deduct, then try our mortgage tax deduction calculator.  It provides you with the total interest charges / tax deductions over the life of a mortgage as well as an amortization table.

You can use the mortgage payoff calculator to estimate how much money you might be able to save and the number of months that are shaved off the length of your loan by paying more on your monthly mortgage payment than your regularly scheduled amount.

You can use this mortgage amortization table calculator to determine you monthly mortgage payments and the remaining loan balance at the end of each year via an amortization table for the loan.

A balloon mortgage may be a good option for many potential homeowners.  The term of a balloon mortgage is usually rather short - from 1 to 10 years.  The payments for this type of mortgage, however, are based on a term of 30 years.  Balloon mortgages often carry a lower interest rate, and are often easier to qualify for than a traditional 30 year fixed rate mortgage.  This benefit comes with a risk.  At the end of the balloon's term, you need to pay off any outstanding balance of the loan.

With the growing popularity of second mortgages to finance home improvements, we're offering you the chance to use our blended rate mortgage calculator to figure out the blended interest rate on a combined financing arrangement.  The calculator not only provides the blended interest rate, but the monthly payment amount for each loan and the blended mortgage payment.

Biweekly mortgages are a great way to quickly pay down the outstanding principal on a loan - and they do so in a relatively painless way.  But just how much money can you really save with a biweekly mortgage arrangement?  Our biweekly mortgage calculator will show you exactly what you can expect in terms of real savings.

This adjustable rate mortgage (ARM) calculator allows you to see how your monthly payments with an ARM type loan might change over time.  This calculator allows you to evaluate true ARM loans as well as hybrid loans.  This planning tool provides estimates of initial monthly mortgage payments, maximum payments and presents the data for each year of the mortgage.

Here is an escrow calculator that can help you estimate what you might expect to pay each month into an escrow account.  This online tool will calculate a starting escrow balance as well as the maximum and minimum account balances.

You can use this interest only mortgage calculator to figure out your monthly payments if you decided to take out an interest only loan.  With an interest only mortgage you only pay interest charges and the principal, or balance, of the loan is never reduced.  This keeps your monthly payments low, but increases the total interest charges over the life of the mortgage.

If you've been wondering if you'd benefit from changing mortgages, then check out our refinancing a mortgage calculator. We'll let you compare the monthly payment for each loan so you can see how much you might save each month.  We'll also let you know just how much you can save over the life of the mortgage by refinancing.

This option ARM calculator provides you with a feel for the alternative payment arrangements this type of mortgage has to offer the home buyer.  An option ARM is a mortgage where the borrower has the option of making a minimum payment, an interest-only payment, or a fully amortizing payment.