Online Mortgage Calculators
Please feel free to use the mortgage calculators
found on forthebestrate.com. Loan payment calculators
can be very useful in helping you find the right fit
between rate and term allotment. The home loan calculators
offered on this page are very easy to use and can
be an effective decision making tool when used in
conjunction with recommendations from a mortgage professional.
Simple Payment Calculator:
Other Useful Mortgage Calculators:
Extra Payment
Calculator. How many years can I shorten my mortgage
by, and how much interest can I save if I make extra
payments?
Mortgage
APR Calculator - Use this calculator to find the APR on your adjustable rate mortgage.
APR Calculator for Adjustable Rate Mortgages - Use this calculator to find the APR on your mortgage.
ARM vs. Fixed Rate Mortgage - Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Mortgage Debt Consolidation - This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you.
Fixed Rate Mortgage vs. Interest Only Mortgage - Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.
Mortgage Loan Calculator (PITI) - Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.
Mortgage Points Calculator - Should you buy points? Use this calculator to find out.
Refinance Breakeven - Should you refinance your mortgage? Use this calculator to determine when you will breakeven!
Mortgage Tax Savings Calculator - Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.
Refinance Interest Savings - Use this calculator to see how much interest you can save by refinancing your mortgage!
Adjustable Rate Mortgages and Using a Mortgage Loan
Calculator
It is extremely difficult to gauge which direction
the financial markets may move in our country. Thus,
you cannot accurately forecast where an adjustable
rate payment may be after the fixed term period. Our
home loan calculator can help you determine a payment
for the fixed period but will not forecast a payment
for the entire amortization period of a loan. A skilled
mortgage loan officer should be able to explain the
terms of a given ARM
product and offer you an adjustable rate handbook
upon moving forward with your mortgage.
Using Online Mortgage Calculators Judiciously
It should be said that not all of these tools are
created equal. For instance, one ARM APR calculator
may show a different APR rate than another due to
the number of variables put into the equation (i.e.
variations in prepaid finance charges). ForTheBestRate.com
highly encourages you to try our mortgage calculator
and then contact some of the mortgage professionals
listed through the rate surveys found on this site.
This extra step will ensure that you receive a clear
picture of the best rate, fee, point and program structure
to meet your needs.
Information and interactive calculators are made available
to you as self-help tools for your independent use
and are not intended to provide investment advice.
We can not and do not guarantee their applicability
or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative
purposes. We encourage you to seek personalized advice
from qualified professionals regarding all personal
finance issues.
