We have included a variety of useful financial calculators below. They will help you determine how much house you can afford, what your mortgage payment will be, and provide numerous other financial answers. These calculators should only be used to provide approximate information and the information provided should be checked by professionals before being used to make any important decisions. When using these calculators, just use your browser's back button to return to this menu. Mortgage Calculator Will calculate your mortgage and provide a good estimate of what it will be.   How Much House Can You Afford Calculator Provides a good indication of just what price range to search in.   Mortgage Qualification Calculator The calculator will try to calculate what kind of income lenders will expect you to be making to qualify for the specific values. Property tax and home insurance numbers vary greatly by region and construction type.   Convertible Balloon Mortgage Calculator These days convertible balloon mortgages are getting more popular since they provide lower rates than conventional 30 year mortgages while still giving a fixed payment schedule for 5 or more years. The risk, of course, is what happens after the initial fixed period is over and you have the possibility of converting your loan. Here is a calculator to try to answer those questions...   Biweekly Mortgage Calculator Calculator compares biweekly mortgage payments vs. monthly.   How Will Prepaying Change My Loan This calculator takes a principal amount, interest rate, normal length of the loan and either how much total a month to pay or how long you want to pay. Then it thinks... NEW - Now also calculates for credit cards and other non amortized lines of credit that use simple compounding of interest.   Prepayment Mortgage Reduction This form allows you to see how prepaying your mortgage reduces the length of your mortgage by putting in the current values for your loan. If you know your current principle balance and principle/interest payment, enter then in fields A1 and A2. Otherwise enter the three values for your loan in B1, B2 and B3. (Original Loan Amount, Month of First Payment, Length of Loan).   Prepayment vs. Investment -- A Scenario This form allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead. This tries to take into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower -- assuming you give to charities, and pay state and local taxes too!!)   Nominal And Effective Interest Rates Calculate what rates are necessary to achieve a desired future value amount given a present value amount and the time period over which to compound your investment.   How Much Does That Loan Really Cost You enter the interest rate of your loan, the quoted APR and the loan amount. It figures the rest.   How Much Does That Loan Really Cost - Another Version You enter the interest rate of your loan, the points and costs and the loan amount. It figures the rest. Note that the other costs is not very neatly defined and not all lenders use the same items (appraisal, per diem interest, etc.) You will have to find out what your lender includes.   Compound Calculator This calculator simply takes the final amount you want to earn given an initial investment for a duration of time, and finds the required annual yield you would need to achieve that goal.

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