Citibank
Mortgage
Wells
Fargo
Mortgages
Bank of
America
Home
Loans
Private
Money
Lenders
First Time
Home
Buyers
Grants
Calculate
House
Payments
Mortgage
Amortization
Table
Home Mortgage Preparation :: Calculator for Mortgage Payment
Calculator for Mortgage Payment: Using a Calculator for Figuring Out Your Mortgage Payment
Custom Search
Using a calculator for mortgage payment estimates is a great way to budget for an upcoming real estate purchase, compare renting versus buying, and really see what you can actually afford.
If you're looking for a mortgage calculator that can give you a true estimate of what your monthly mortgage payment is going to look like, keep reading for a list of links to some of the web's best.
Chase Bank Mortgage Tools (http://www.chase.com)
Chase Bank offers its borrowers a number of budgeting tools, including a calculator for mortgage payment estimates.
By inputting the loan amount, property value at the time of purchase, the term (in years) of the mortgage, annual property taxes, hazard insurance (if applicable) and the interest rate on the loan, this calculator will tell you what you can expect to pay each month on your mortgage.
Karl's Mortgage Calculator (http://www.jeacle.ie/mortgage)
While this may not be a pretty site, it's definitely functional and packs a lot of power. Using a basic Java application, Karl's Mortgage Calculator presents you with eight sliders that let you adjust the principal, term of the mortgage, start month and year, and interest rate in real time.
As you move the slider, you realize this is a lot more than a calculator for mortgage payment estimates. This also shows you, on a graph, exactly how subtle changes in your interest rate, term or principal can affect how much you pay in interest and how that affects your principal payments.
Bank of America (http://www.bankofamerica.com)
The Bank of America website offers a full page of different calculators for personal users, including a calculator for mortgage payment estimates.
Savvy borrowers can also calculate how much house they can afford, whether they can reduce their mortgage insurance costs, how beneficial extra payments actually are and even whether a home equity loan for debt consolidation is actually worth it.
If you're just looking for a basic calculator for mortgage payment estimates and little else, there are a lot of options available on the web. However, if you're looking for lots of bells and whistles alongside the real picture of your finances, try the sites listed above.
See also:
All Articles for Home Mortgage Preparation
Custom Search
Only $9.95!!
Learn great tips about how to safely obtain a home mortgage with
Your First Mortgage
Order Online
24 Hours a Day
7 Days a Week
365 Days a Year!
Copyright 2008
Home-Mortgage-Preparation.com :: Calculator for Mortgage Payment