Interest-Only Mortgage Payment Calculator

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How much will my payments be with an interest-only mortgage? Calculate the payment amount for an interest-only mortgage loan. An interest-only loan pays no principal in the early years of the loan then converts to a traditional amortized loan for the remainder of the mortgage length. The payments are lower during the interest-only period since … Read more

Balloon Payment Calculator

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How much will my monthly payments and payoff amount be with a balloon mortgage? Calculate the monthly payments for a balloon mortgage loan. Enter your sale price, any down payment you’re making, the interest rate, the length of balloon payments, and the amortized length used to calculate the monthly payment. This calculator will then show … Read more

Interest-Only Mortgage Comparison Calculator

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Help me compare interest-only mortgages with different terms. Calculate and compare (formatted side by side) the payment amounts for up to 4 interest-only mortgage loans. Enter your sale price, any down payment you’re making, the interest rates and the lengths for the interest-only and amortized periods for each loan. This calculator will then show you … Read more

Balloon Payment Comparison Calculator

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Help me compare balloon mortgages with different terms. Calculate and compare (formatted side by side) the monthly payments and final balloon payment amount for up to 4 balloon mortgage loans. Enter your sale price, any down payment you’re making, the interest rate, the length of balloon payments, and the amortized length used to calculate the … Read more

Mortgage Comparison Calculator

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Help me compare mortgages with different terms. Calculate and compare (formatted side by side) the monthly payments for up to 4 mortgage loans. Enter your sale price, any down payment you’re making, the interest rate and the term of each loan. This calculator will then show you the monthly principal and interest payment, the total … Read more

Mortgage Refinance Comparison Calculator

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Help me compare mortgage refinances with different terms. Calculate and compare (formatted side by side) up to 4 mortgage refinance loans to help determine if you should refinance your mortgage. Enter your current mortgage principal and interest payment, your current mortgage balance, the new interest rate, term of the refinanced loan, points and closing costs. … Read more

Debt to Income Ratio is Important to Lenders – Debt Ratio

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What is my debt to income ratio or debt ratio? Calculate your debt to income ratio or what percentage of your monthly income is used to pay fixed monthly costs. Enter your monthly income, monthly rent or mortgage expense, and other monthly expenses. This calculator will then show you your debt to income ratio which … Read more