Mortgage Rate Buydown Calculator: Points and 2-1 / 3-2-1
At some point, everyone finds out how much mortgage math resemble a hostage negotiation rather than good old-fashioned arithmetic. It usually happens at the closing … Read More
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Fixed vs Variable Rate Comparison Calculator for a Loan
The decision between taking out a variable- or fixed-rate loan is one of the most important financial decisions you’ll ever make. Typically this is simply … Read More
15 vs 30 Year Mortgage Comparison Calculator: Payment & Savings
The house is new. You have the keys in your hand. A mortgage is on the table. And there’s a question before you: Should I … Read More
Mortgage Recast Calculator: Lower Your Monthly Payment Fast
Mortgage recasting reduces your payment, but not the length of time to pay off the loan or with excessive closing costs. You send in a … Read More
Balloon Payment Calculator: Monthly, Balloon Due & Interest
Many borrowers don’t expect this question: How big would my final lump sum be if I pay every month as scheduled for 30 years, but … Read More
Adjustable Rate Mortgage Payment Calculator – ARM Reset
Deciding to take an ARM is financial decision about where you see yourself living over time. By agreeing to smaller monthly payments now, you’re taking … Read More
Interest Only Mortgage Payment Calculator – IO Payment & Shock
When you purchase a home with an interest-only mortgage, you’re borrowing money to purchase a house, but you pay just the interest for a set … Read More
Biweekly Mortgage Payment Calculator: Save Interest & Payoff Time
With a biweekly mortgage, you repay your house loan years faster. With this approach, you avoid refinancing and save tens of thousands of dollars in … Read More
Mortgage Extra Payment Savings Calculator – Interest and Time
Many people see their mortgage as a 30-year bill, and there’s nothing wrong with that perspective. However, it overlooks the nature of the loan: Interest … Read More
Mortgage Payoff Date Calculator: When Will You Be Debt Free
How long until my mortgage is paid off? When’s it going to be over? This is the question all homeowners ask themselves at some point. … Read More