The Online Mortgage Calculator Top Ten
An online mortgage calculator
top ten can solve the sometimes tricky financial
aspect of purchasing and owning a home. Fortunately, you can take
the confusion in hand and make sense of it by using resources like
an online mortgage calculator. Regardless of the what type of
information you are seeking, chances are you can find it in these
ten assortments of mortgage calculators.
For example, one of the first calculators available
an online mortgage calculator top ten assortment is the
monthly mortgage payment calculator. This calculator will
help you to determine the amount of your monthly mortgage payment
before you buy a home.
The additional mortgage payment calculator
will provide information to help you understand how much money you
can save by making additional payments on your mortgage.
Not sure how much money you have to make to afford
the house of your dreams? Check out one of the most popular
calculators in the online mortgage calculator top ten
assortment. This calculator will tell you how much you need to earn
in order to afford that home you’ve been eyeing.
Is it possible that you already have too much debt
and won’t be able to afford the home you want? There’s a
qualification calculator in the top ten assortment that can
help you discover the answer by calculating your monthly debt
obligations in comparison to your gross annual income and the
specifics of your prospective mortgage loan.
In an alternate version of this same calculator,
you can also find out exactly how much house you can afford if you
already know how much you can afford to spend per month on a
mortgage note. This affordability mortgage calculator
tallies the total according to the 28/26 rule; which most lenders
use to determine whether they will approve a loan or not.
Basically, the 28/36 rule says that you can spend
no more than 28% of your gross monthly income on housing expenses
and no more than 36% of your gross monthly income on all recurring
debt obligations plus housing expenses.
Many homeowners struggle with making the decision
of whether they should pay discount points in order to obtain a
lower interest rate or not. One of the mortgage calculators in the
top ten assortment can help to make that decision a little easier
by comparing an interest rate with discount points to an original
Refinancing a home can be a good way to obtain
funds to pay for a variety of expenses including remodeling as well
as college tuition or to take advantage of lower interest rates.
The problem for many homeowners; however is in trying to figure out
how long it will take them to recoup the cost of refinancing their
home loan. This is because you must take into consideration the
loan origination fees when you refinance. A refinance mortgage
calculator is in the online mortgage calculator top ten
assortment can help you to do just that.
One of the biggest advantages of home ownership is
being able to deduct all that interest on your taxes. Just how much
can you save in taxes? Find out with a special mortgage tax
savings calculator available through the mortgage calculator
Finally, by taking advantage of one of the mortgage
calculators available in this assortment you can also discover
whether it’s feasible for you to actually pay off your home loan
early by using a bi-weekly payment technique. This bi-weekly
mortgage calculator will tell you how much time and money
In addition to these calculators, you can also take
advantage of many others that can help you answer a variety of
questions, such as the following:
- How much do you save by paying a little more on your mortgage
loan every month?
- How much can you save every month when you buy a home instead
- How much money can you save if you use an interest only payment
This wide variety of online mortgage calculator
top ten tools can not only help you sort through the confusion
of finances when it comes to purchasing and owning a home, but it
will also help you to get your budget on track.