Below are a number of useful calculators to help you determine the cost of a new home, and other important factors.
Payment Calculator
Easy to use and similar to what you've seen all over the web.
Super Calculator
This calculator does pretty much everything. It calculates payments, debt-to-income qualifying ratios, your monthly PITI, shows how much you will save (or not) by refinancing, creates amortization tables, and more.
Multi-Payment Calculator
Allows you to calculate several different loans at once so you can compare payments.
PITI Calculator
Adds taxes and insurance to your mortgage payment. Useful because this is how your lender calculates your monthly housing costs to determine your qualifying ratios. If you are impounding your loan, it helps you to know what your total monthly payment will be.
Qualifying Calculator
How much income does it take you to qualify for a particular home? This calculator will tell you. However, you may want to adjust the qualifying ratios to 33/38 or whatever your local lender recommends.
Affordability Calculator
How much house can you afford with your income? This calculator helps and is designed for those putting less than twenty percent down.
Rent vs. Own
Rents have risen considerably recently. This calculator helps to show what your net gain may be in owning rather than renting, taking many considerations into account.
Principal After X Years
Perhaps you plan to sell this home in five years and want to know what your mortgage balance will be at that time.
Principal Prepayment Calculator
This mortgage calculator tells you when your normal payoff would be and when it would be if you paid a specific extra amount each month.
Prepayment Analysis Calculator
Suppose you want to pay off your mortgage in a specific period of time. How much should you pay monthly to accomplish your goal?
Prepay Principal or Invest the Money?
This calculator will help you make the decision on whether it makes more sense for you financially to pay down your mortgage or put some money away in financial investments of various kinds.
Bi-Weekly Mortgage Calculator
A bi-weekly mortgage is basically the same as making one extra mortgage payment a year. This calculator tells you how quickly you would pay off your mortgage if you were making the payments once every two weeks instead of once a month.
