Number Crunching 101

The following are some useful "calculators" designed to help you with home financing decisions.

Calculators like these are quick, effective tools for analyzing how "adjustments" to the various components of the purchase (i.e. down payment, interest rate, term of loan, etc.) impact the "feasibility" of your being able purchase your dream home.

1. Should I Rent Or Should I Buy?
   In the end, it all comes down to "deductibility" & "pride".
   
   
2. How Much Will My Monthly Mortgage Payment Be?
   (i.e. How much of a difference does a 1/4 point change in the interest rate really make?)
   
   
3. What Income Would I Need To Buy That Dream House?
   
   
4. How Much House Can I Really Afford?
   
   
5. PITI Calculator
   Principal + Interest + Taxes + Insurance = Your Monthly Housing Expense
   Ultimately, purchasing a home comes down to a monthly payment.
   By including property taxes in your "affordability" analysis, you can determine which home is actually the "best value".
   
   
6. Affordability Calculator
   Plug-in your desired monthly payment and your down payment to see the price of the house those amounts will buy.
   
   
7. Mortgage Payment & Amortization Table Calculator
   Estimate your monthly payment for a given loan balance and interest rate, or
   Estimate your loan balance given a fixed monthly payment and interest rate.
   
   
8. Pre-Payment Mortgage Calculator
   See how prepaying your mortgage reduces the length of your mortgage.
   
   
9. Many More Helpful Mortgage Calculators