Mortgage Tools and Calculators

We have assembled a large collection of tools and articles to help you determine how much you can afford to spend on a home, whether refinancing is right for you and so much more. Try our free calculators today.

How much can you afford? Simply enter the monthly payment you think you can handle, along with the interest rate (try about 7%) and this calculator will show you the value of the home you can afford. When looking, look for a home slightly less than this amount and you wont struggle to make the payments!

Can you qualify? Where it says, monthly housing expenses, thats an error, it should say “money for closing costs” (roughly 3-6% of the loan value). Find out the true loan amount you can afford. If everyone had done this, the market wouldn’t be in such sad shape.

Did you know re-financing isn’t always worth it. You will always pay some sort of closing costs that make a lower rate not impact your payment or payoff. Use this calculator to determine if you should re-finance.

Here is calculator that shows just how expensive that low rate loan really is. Did you know, the average home price is $225,000? At just 6.75% interest, you will pay more than half a million bucks for that home by the end of a 30 year loan. Try it…

Are you a real-estate investor? If not, don’t even think about getting an interest only loan. You don’t need this house that bad. We’re certain that unless you are planning on selling within 90 days for huge profits, an interest only loan is not good for your bottom line. If you are an investor or know what you are doing, find out how much that short term money will actually cost you…