We are happy to bring you some basic tools in calculating a mortgage. The key is “basic” as it is always advised to seek the counsel of an experienced, trusted, mortgage adviser. I can help you with a referral if you need one, just ask!
If you are contemplating the purchase or refinance of your home, there are bound to be many questions that come up. You’ll find these financial and mortgage calculators will help you sort thru the financial matters and can guide you in renting or buying; total loan amounts and loan payment; total amount you may borrow; and comparing mortgage programs and mortgage interest rates in the California area. Check out the following mortgage calculators:
Mortgage Payments Calculator
This mortgage rate calculator can calculate your payment for a mortgage loan in California. Choose your interest rate and term. Can provide summary information and produce an amortization table for your information. Also use this as a mortgage refinance calculator and find out your new payment at various loan amounts and interest payments.
Mortgage Calculator
Mortgage Table Calculator
This mortgage loan calculator allows you to enter your desired payment, and then it will calculate for you, what purchase price you can qualify for. If you are currently renting a home in California, this is a great way to enter your current rent, to find out how much home you can afford.
Affordability Calculator
Cost of Ownership Calculator
Living in California is expensive. Use this finance calculator to calculate the total monthly cost of owning a home. This allows you to enter your annual expenses associated with home ownership, your down payment, the purchase price, property taxes, insurance, etc. so you see on an monthly basis how much it costs to own a home. Remember to see your accountant or tax advisor to ask then which of these expenses may be tax deductible for you. (coming soon)
Affordability Calculator
Use this mortgage loan calculator to calculate the purchase price of the home you may qualify for. Enter your annual income, your debt, your down payment and the current mortgage interest rate to find the home that may work for you.
Affordability Calculator
Closing Cost Calculator
This mortgage calculator can help you determine an average “range” of closing costs you may expect to pay. Remember, each area has its own customs as to who pays for what, so if you’re not sure, or want an accurate assessment of closings costs for a home purchase, let me know.
Closing Cost Estimator
Rent vs Buy Calculator
Should you rent? Should you buy? This calculator can estimate the advantages of owning a home. You might be surprised at how much home you really can afford. Of course also consult with your real estate or mortgage professional to discuss optional loan programs, and the mortgage program that may work best for your situation. (coming soon)
