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Mortgage Affordability
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This calculator helps you analyze home mortgage loans, and determine how much you can afford to borrow for how long at what interest rate.
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Rent or Buy
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This calculator allows you to estimate the costs of owning a home and the costs of renting. Comparing the two options and make an informed decision.
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Refinance
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Determine whether refinancing your loan for a lower interest rate is a wise decision for you. While a lower interest rate will mean lower monthly payments and less total interest, a refinance will also mean paying closing costs and, in some cases, points.
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Biweekly Mortgage
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Help you analyze your mortgage needs. It computes the biweekly mortgage payment in comparison to the regular mortgage.
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Borrow Power Maximizer
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Determine your maximum affordable home price based on monthly income, debts, interest rates and the length of your loan.
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Fixed vs. Adjustable Loan
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Help you decide whether you should choose an fixed rate loan or an adjustable rate loan. The interest rate for a fixed rate loan stays the same for the life of the loan. But with an adjustable rate mortgage (ARM), the interest rate fluctuates periodically based on an index like the U.S. Treasury Security Yields (1 Year T Bill), the Cost of Funds Index (COFI) and the London Inter-Bank Offer Rate (LIBOR).
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Pay Points
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Determine whether or not paying for points is the best option for you. Points are sometimes referred to as loan discount points. Points are prepaid interest on your loan. Usually, homebuyers will pay points to lower the interest rate and save on taxes, and points usually tax deductible as interest.
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Down Payment
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Compare the benefits of different down payment options. For example, if you have high savings rate, you may want to make a lower down payment and keep the rest of money in the bank collecting interest. For most homebuyers it makes sense to make a higher down payment because it will result in lower monthly payments and less interest paid on the loan.
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Home Equity
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Determine how much money you can borrow using the equity in your house as collateral You can also compare a home equity loan against a home equity line of credit.
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