Real Estate Mortgage Calculator
How much will my monthly mortgage payment be?
This calculator will compute a mortgage's monthly payment amount based on the principal amount borrowed, the length of the loan, and the annual interest rate. This calculator will also compute your total mortgage payment which will include your property tax, property insurance, and PMI payments. Then once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out.
At my present income, what size of a home mortgage might I qualify for?
This calculator will help you to determine how much house you can afford and/or qualify for.
How much house could I afford based on how much I currently pay out in rent?
This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and on the anitcipated property taxes and homeowner's insurance.
How much time and money will I save if I make bi-weekly payments on my mortgage?
These calculators will show you how much you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month. In effect, you will be making one extra mortgage payment per year -- and hardly notice the additional cash outflow. But, as you're about to discover, you will certainly notice the "increased" cash flow that will occur when you pay your mortgage off way ahead of schedule!