If you're thinking about buying a home, it's critical that you find out what to expect cost-wise before jumping in and making an offer. To assist you, we're happy to share with you the following calculators, designed to make the research process easier.
This calculator will help you see if buying is right for you, based on criteria such as your current monthly rent, how much you'd like to pay each month, and how much of a down payment you'd like to put down. Set the number of years you'd like to see a comparison for, and the calculator will determine which route (buying or renting) will be the better value. Excellent tool.
This calculator answers the big question -- what is the maximum mortgage you currently qualify for? Enter your current family income, monthly payments, and estimate your annual property taxes to see what your maximum potential mortgage will be, as well as the maximum monthly payments.
Find out what your monthly mortgage payments will be over the course of your mortgage. Calculations are based on the length of the mortgage, payment frequency, interest rate, and amortization period.
Find out how your amortization period will be affected if your payments are scheduled monthly, semi-monthly, bi-weekly, or weekly.
Thinking about making a pre-payment? You could shave years off the amortization period, and reduce the amount of interest you pay over the course of your mortgage. Use this calculator to find out more!
Determine your monthly payments based on a home's sale price and your preferred loan terms.