Mortgage Loan Calculators

Are you looking to buy a new home and wondering what your actual payments might be? Sure, there are several "Mortgage Calculators" available on the web, but most of them only tell half the story and leave so many unanswered questions.

Questions like:
  • Based on my current income, how much can I really afford to spend on a new home?
  • How much will my Home Owner's Insurance cost?
  • How long will I need to pay Private Mortgage Insurance?
  • Will my propery taxes increase over time as the value of my house increases?
  • How much will my home be worth after 10 years?
  • How long do I need to own my home before I start making a profit on it?
  • How much will my Property Taxes cost?

We've taken the worry out buying your new home by answering these questions for you. To get started, use our budget calculator to determine how much house you can afford to buy. Simply enter the amount of money you make (before taxes) along with the total amount of any other recurring debts you have (such as Auto loans and Credit Card debt.) Our calculator will analyze your 'Debt to Income' ratio and offer some suggestions on how much you can afford to spend.

Once you have a ball park idea on how much you can afford, use our 'Amortization Calculator' to calculate your 'true payment', based on the value of the home, along with the size of the downpayment you intend to put down on the house. We've entered some default values based on average costs for property taxes, interest rates, home owner's insurance and more. If you know the actual values for your location, you can fine-tune your results to be within a few dollars of your actual expected mortgage!