Can you afford to buy? Try our 4 mortgage calculators

by | Nov 11, 2015 | Mortgages

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Like it or not, when you buy a home or refinance a mortgage, there’s a certain amount of math involved. These 4 handy calculators will guide you through decisions such as whether to rent or buy, determining mortgage payments, and more.

Mortgage calculator

To find out what your mortgage will be after you subtract your down payment and add mortgages insurance, try our mortgage calculator. It shows you your monthly mortgage payment and how much you’ll have remaining after 1, 2, 3, 5, and 10 years. Don’t forget to try the amortization schedule!

Affordability calculator

Once you know if the mortgage seems reasonable, try our affordability calculator to determine if your current budget can handle the new mortgage.

Payment calculator

Once you enter the mortgage, the interest rate, and the amortization period, our mortgage payment calculator will show you what your payment would be if you paid monthly, semi-monthly, bi-weekly, or weekly.

Rent vs. buy

With our rent vs. buy calculator, enter what monthly mortgage payment you could afford and what you’re paying in rent now, and you’ll find out if you should keep renting or buy a home.
Of course, computers are only as good as the information we give them, so if you have any questions about what the calculators tell you, please email us or phone us.