By entering a mortgage amount, interest, and term, a mortgage payment is easily determined.
This shows a buyer the advantages of tax savings, appreciation, and principal reduction to lower the cost of owning a home.
This calculates the maximum mortgage amount based on qualifying ratios for a particular type of loan.
This calculates the interest and time savings by applying additional principal contributions each payment.
This will compare an adjustable rate mortgage against a fixed rate mortgage.
Cost of Waiting to Buy
This shows a buyer what can happen to the payment if while they are waiting for the price of the home to come down, the interest rate were to go up.
This compares the future value of the amount of money necessary for the down payment on a home.
This shows the correlation in interest to price.
Choosing between two loans with different interest rates can be difficult when there are other factors.
The Annual Mortgage Insurance Premium on a FHA loan adds a considerable expense to a mortgage payment.
The Assumption Comparison helps a buyer to determine the advantages of assuming a FHA or VA mortgage.