Financial Calculators
Home Affordibility Calculator
- Explore Affordable Home Prices: First, let’s find out what home prices are within your budget. We’ll look at houses that won’t strain your finances.
- Prequalification: Next, we’ll check how much a lender could prequalify you for. This step helps you understand what you’re ready for in terms of mortgage eligibility.
- Get Started: Armed with this information, you’ll be better prepared to shop for your next home. Real estate agents and sellers prefer knowing you’re prequalified before you attend open houses or make offers.
To sum it up: Find affordable homes, get prequalified, and start your home-buying journey!
Mortgage Calculator
Discover Your Monthly Home Loan Payment
Use our free mortgage calculator to estimate your monthly house payment. It includes:
- Principal and Interest: The amount you borrowed and have to pay back.
- Property Taxes: The taxes associated with your home.
- Home Insurance: Protection for your property.
- PMI (if applicable): Private mortgage insurance, if required.
How to Calculate:
- Enter the home price and down payment.
- Adjust the loan details to fit your scenario.
Remember, your monthly mortgage payment covers more than just the loan amount. It also includes taxes and insurance. Explore our calculator to get a more accurate estimate.
Amortization Calculator
Our calculator helps you understand how each mortgage payment affects your loan balance and interest. Here’s what it does:
- Principal Reduction: It shows how much of your payment goes toward reducing the loan balance.
- Interest Portion: It reveals the portion of your payment that covers interest.
Use the calculator to gain insights into your mortgage payments and track your progress over time.
Cash-Out Calculator
Unlock Cash from Your Home
Want to access some extra cash? Here’s how:
- Calculate Your Potential Cash-Out: First, find out how much money you can take out from your home. It’s like finding hidden treasure!
- Explore Your New Mortgage Payment: Understand what your new mortgage payment will be after the cash-out. It’s essential to know the impact on your budget.
Remember, this process allows you to tap into your home’s equity, but it also affects your overall loan terms. Make informed decisions and weigh the pros and cons!
Payment Reduction Calculator
Discover If Refinancing Can Cut Your Monthly Payment
Want to pay less each month? Refinancing might be the answer. Here’s how it works:
- Check Your Current Payment: First, find out how much you’re currently paying each month.
- Explore Refinancing: Consider refinancing your loan. By doing so, you could potentially reduce your monthly payment.
Remember, refinancing isn’t just about lowering your payment—it can also help you save money in the long run. Take a closer look at your options and see if refinancing is right for you!
Shorter Term Calculator
Pay Off Your Mortgage Faster
Want to be mortgage-free sooner? Here’s how:
- Explore Refinancing: Look into options that can help you pay off your mortgage more quickly.
Remember, shorter terms mean less time paying interest and more time enjoying your home!