Mortgage Payment: Calculate Your Monthly Payment. Balloon Mortgage: Short term fixed rate loan involving small payments for a certain period of time, and one large payment for the remaining amount of the principal. Find out how this loan might work to your benefit. Pre-Qualify: Estimate how much of a loan you might qualify for. Bi-Weekly: Bi-Weekly Mortgage Calculation Rent vs. Buy: Determine when buying would be better than renting. How much is affordable? Determine how much house you can afford. Amortization Schedule: Examine loan payment by equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Loan Length: How long will it last? Annual Percent Rate (APR): An interest rate reflecting the cost of a mortgage as a yearly rate. This makes it easier for home buyers to compare different types of mortgages based on the annual cost for each loan. Prepaying Effects: Prepayment is a privilidge in a mortgage permittting the borrower to make payments in advance of their due date. Calculate what effects it will have on your loan. Income Requirement: Calculate what kind of income lenders will expect you to be making to qualify for the specific loan amounts. Payment Table: Explore what loan amount and rate would be right for your budget. Debt Consolidation: Examine how you might consolidate your debt into a new mortgage. |