Financial and Mortgage Calculators and Tools
Check out our financial calculators below to help you decide what is the best approach for you.
Mortgage Calculators
APR Calculator
The Annual Percentage Rate or "APR" Calculator helps you discover what your mortgage loan is really costing.
Closing Costs Calculator
Simultaneously compares four different loans and computes the closing costs required at closing for each of the mortgage loans.
Down Payment Savings Calculator
Quickly calculates how much you can save for a down payment and allows you to modify your beginning balance, monthly savings amount, the savings interest rate and the amount of time you will be saving the down payment.
Home Sellers Proceeds Calculator
Calculates a seller's net gain after the current mortgage(s) have been repayed and taxes, sales commissions and other closing costs involved in the sales transaction have been accounted for.
Loan Comparison Calculator
Compare four loans quickly seeing the impact of interest rates and points on monthly payments and total paid.
Loan Spread Calculator
Gives you a big picture of potential loan amounts, interest rates and monthly payment.
Other Financial Tools
How Much Can I Afford?
Tool to help a home buyer determine how much he or she may be able to borrow and what monthly payment amounts a lender may allow based upon the individual's financial income and debt. This mortgage affordability calculator accomodates a co-borrower and the income and debt information of the coborrower is considered in the qualification calculator.
What is your average interest rate?
Knowing the average interest rate of two or more debts offers insight into whether debt consolidation makes good financial sense. If the average interest rate you are paying on your current debts is greater than the rate on a consolidation loan, all things being equal, consolidation of your debts may be better than continuing with a diverse collection of debts with high interest rates.
Rent vs. Buy?
While purchasing a home is often the better option, there are times (depending upon how long you intend to live in a particular area) when renting may be a better choice. This calculator helps you determine what may be best for you.
Pay off debt or Invest?
Whether it is better to pay down debt or invest in savings is a commonly asked question. The answer is strongly related to the interest rate one is paying on the debt and the interest rate earned by the investment. This debt vs. investment calculator quickly shows you the answer.