|Find out what type of home is in
your budget by entering a few numbers into our calculator. Our calculator is
based on standard affordability ratios used to determine qualification for
mortgage approvals. The housing payment ratio (or front ratio) compares your
total mortgage payment to your monthly income and your total debt ratio (or
back ratio) compares your total monthly obligations including your mortgage
payment to your monthly income.
|It is important to find the right
home and loan to match your budget. Use our calculator to figure out your
estimated monthly payment in advance by estimating your loan amount, interest
rate, and length of mortgage.
This calculator will amortize your mortgage over the loan period based on your
|This calculator figures your
monthly savings and also compares your principal balance in years with and
without refinancing. Based on your total cost to refinance, a break even period
is calculated in relation to your monthly savings. The time value of money and
income tax deductions are not considered in this refinance calculation.
|Check out the list of available