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If mortgage seems confusing to you and you are struggling to understand the financial terms related to mortgage then take help from us. We are always available to help you in clearing your doubts regarding Money Matters And Financial Terms. Come to us and get a clear vision on mortgage, refinance and mortgage laws.

 Lender Ratings & Reviews
Mortgage Loan Solutions offers an extensive "Lender Ratings & Reviews" service, where consumers can rate, write a review and/or even file a complaint about their existing mortgage company, as well as using it as a decision making tool for selecting their next mortgage lender, broker, and/or referral service.

 

Mortgage & Finance

Calculator Library
MBAA    Mortgage Professor    Mortgage & Finance


Bookmark This Page to Return to Site: http://www.Mortgage-Loan-Solutions.com/calculators.htm, there are no return links from calculator library.

Below are some mortgage finance tools no current or future home owner should be without. Take a look around and select the ones that fit your situation.  Simply plug in your numbers and let us figure it out for you.  We also provide you with definitions of the mortgage terms you encounter in the process so don't worry about terms or phrases that you are unfamiliar with.

   H

Calculator Links  on the Mortgage Bankers Association of America's website.  Bookmark this page to return to this webpage at http://www.Mortgage-Loan-Solutions.com/calculators.htm 

Mortgage Bankers of America's Calculator Library
How much can I borrow? Mortgage Calculator
How much will my payments be? Mortgage Calculator
(including amortization table)
How much will adjustable rate payments be? Mortgage Calculator
Which is better: fixed or adjustable?Mortgage Calculator
Should I pay points to lower the rate?Mortgage Calculator
Which is better: 15 or 30 year term?Mortgage Calculator
How much should I put down?Mortgage Calculator
How much can I save in taxes?Mortgage Calculator
What will my closing costs be?Mortgage Calculator
Am I better off renting?Mortgage Calculator
Am I better off refinancing?Mortgage Calculator
What will my refinancing costs be?Mortgage Calculator
How can I reduce mortgage insurance costs?Mortgage Calculator
Which lender has the better loan?Mortgage Calculator
Which loan is better?Mortgage Calculator
How advantageous are extra payments?Mortgage Calculator
What house can I afford?Mortgage Calculator

Mortgage Professor Calculator Library

CONSOLIDATING NON-MORTGAGE DEBT

1a) Debt Consolidation Calculator: House Purchasers.

For those about to purchase a house who may want to consolidate non-mortgage debt in the purchase mortgage.

1b) Debt Consolidation Calculator: Home Owners With One Mortgage.

For borrowers with a first mortgage who may want to consolidate non-mortgage debt, either by refinancing the first mortgage with "cash-out", or by taking out a new second.

1c)Debt Consolidation Calculator: Home Owners With Two Mortgages.

For borrowers with a first and second mortgage who may want to explore a variety of consolidation options.

 MAKING ADDITIONAL PAYMENTS TO PRINCIPAL

2a) Mortgage Prepayment Calculator: Extra Monthly Payments.

For borrowers who want to know when their loan will pay off, and how much interest they will save, if they make extra voluntary payments in addition to their required monthly payment.

2b) Mortgage Prepayment Calculator: Biweekly Payments Applied Monthly.

For borrowers who want to know when their loan will pay off, and how much interest they will save, if they shift to a biweekly payment plan, and if they make extra voluntary payments in addition to their required monthly payment.

2ci) Mortgage Prepayment Calculator: BiWeekly Payments Applied Biweekly.

For borrowers who want to know when their loan will pay off, and how much interest they will save, if they shift to a biweekly payment plan, and if they make extra voluntary payments in addition to their required biweekly payment.

2c)Mortgage Prepayment Calculator: Extra Monthly Payments to Pay Off in Specified Period.

REFINANCING FIXED-RATE MORTGAGES

3a) Mortgage Refinance Calculator: Refinancing One Mortgage.

For borrowers trying to decide whether refinancing a mortgage will reduce their costs.

3b) Mortgage Refinance Calculator: Refinancing Two Mortgages.

For borrowers with two mortgages trying to decide whether refinancing into one or two new mortgages will reduce their costs.

3c) Mortgage Refinance Calculator: Refinancing One Mortgage Into Two.

For borrowers trying to decide whether they should refinance one mortgage into two mortgages to lower costs.

3d) Mortgage Refinance Calculator: Cash-Out Refi Versus Second Mortgage.

For borrowers with a mortgage who need to raise cash, trying to decide whether they should do a "cash out" refinance or take out a second mortgage.

3e) Mortgage Refinance Calculator: Refinancing an ARM into a FRM.

For borrowers with an ARM, worried about rising interest rates,
trying to decide whether they should refinance into an FRM.

TERMINATING MORTGAGE INSURANCE

4a) Mortgage Insurance Calculator: Period to Termination.

For borrowers who want to know how long they will have to pay mortgage insurance premiums on their current mortgage.

HOUSING AFFORDABILITY

5a) Housing Affordability Calculator.

For borrowers trying to figure out whether they can afford a given-priced house.

6a) Down Payment Calculator: Small Down Payment Now or Larger One Later.

For borrowers trying to decide whether they will be better off buying a home now with a small or no down payment, or saving for a down payment first and buying later.  

MORTGAGE PAYMENTS

7a) Monthly Payment Calculator: Fixed-Rate Mortgages.

For borrowers who want to know the monthly mortgage payment on a fully-amortizing fixed-rate mortgage at different loan amounts, interest rates and terms.

7b) Monthly Payment Calculator: Adjustable-Rate Mortgages Without Negative Amortization.

For borrowers who want to know how the interest rate and monthly payments may change on an adjustable rate mortgage that does not permit negative amortization.

7c) Monthly Payment Calculator: Adjustable-Rate Mortgages With Negative Amortization.

For borrowers who want to know how the interest rate and monthly payments may change on an adjustable rate mortgage that permits negative amortization.

7ci) Monthly Payment Calculator: Adjustable Rate Mortgages With Flexible Payment Options.

For borrowers who want to know how the interest rate and monthly payments may change on a monthly adjustable rate mortgage that permits negative amortization if they select alternative payment options.

7d) Monthly Payment Calculator: Mortgage Payments With Temporary Buydowns.

For borrowers who want an amortization schedule that shows the lower monthly payments in the early years from setting up a buydown account, and the amount that must be deposited in the account.

MORTGAGE AMORTIZATION

8a) Mortgage Amortization Calculator: Amortization Schedule Including Tax Savings.

For borrowers who want an amortization schedule that shows the tax savings on the interest they pay, for their tax bracket.

8b) Mortgage Amortization Calculator: Amortization Schedule Including Property Appreciation.

For borrowers who want to know how long it will take for amortization on a fixed-rate mortgage combined with property value appreciation to reduce the ratio of loan balance to property value to some desired level.

 COMPARING TWO MORTGAGES

9a) Interest Cost Calculator: Fixed-Rate Mortgage Versus ARM With No Negative Amortization.

For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest after-tax interest cost.

9ai) Future Value Calculator: Fixed-Rate Mortgage Versus ARM With No Negative Amortization.

For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest cost over a specified future period.

9b) Interest Cost Calculator: Fixed-Rate Mortgage Versus ARM With Negative Amortization.

For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) with negative amortization or a fixed rate mortgage (FRM) based on the lowest after-tax interest cost.

9bi) Future Value Calculator: Fixed-Rate Mortgage Versus ARM With Negative Amortization.

For borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) with negative amortization or a fixed rate mortgage (FRM) based on the lowest cost over a specified future period.

9c) Interest Cost Calculator: Comparing Two Fixed-Rate Mortgages.

For borrowers trying to decide which of two fixed-rate mortgages they should select based on the lowest after-tax interest cost.

9ci) Future Value Calculator: Comparing Two Fixed-Rate Mortgages<

For borrowers trying to decide which of two fixed-rate mortgages
they should select based on the lowest total cost over a specified future period.

MORTGAGE POINTS AND FEES

10a) Mortgage Fee Calculator: Estimating Lender Fees From the APR. 

For borrowers who want to know the fees charged by a lender on a fixed-rate mortgage, when they know the rate, points and APR.

11a) Mortgage Points Calculator: Break-Even Period on FRMs.

For borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an FRM.

11b) Mortgage Points Calculator: Break-Even Period on ARMs.

For borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an ARM.

11c) Mortgage Points Calculator: Rate of Return on  FRMs.

For borrowers who want to know whether paying higher points to get a lower interest rate on an FRM is a good investment.

11d) Mortgage Points Calculator: Rate of Return on ARMs.

For borrowers who want to know whether paying higher points to get a lower interest rate on an ARM is a good investment.

DOWN PAYMENT AND MORTGAGE INSURANCE

12a) Down Payment Calculator: Rate of Return on Larger Down Payment.

For borrowers with enough cash to make a down payment in excess of the minimum required on a particular loan, who want to know whether using the cash to increase the down payment is a good investment.

13a) Mortgage Piggyback Calculator: Two Mortgages Versus One Larger Mortgage

For borrowers trying to decide whether they should take a second mortgage, either to avoid mortgage insurance or to avoid the higher interest rate on a jumbo as opposed to a conforming loan amount.

13b) Mortgage Piggyback Calculator: Comparing Two Piggybacks

For borrowers trying to decide between two piggyback combinations.

14a) Mortgage Insurance Calculator: Mortgage Insurance Versus Higher Rate.

For borrowers trying to decide whether they should elect to pay mortgage insurance on a fixed-rate mortgage, or avoid mortgage insurance by paying a higher interest rate.

MORTGAGE TERM

15a) Mortgage Term Calculator: Investing in a Shorter Term.

For borrowers with sufficient income to afford the higher monthly payment on a shorter term FRM, who want to know whether the higher payment is a good investment.

 

Copyright © 2003 Mortgage Loan Solutions - All rights reserved.
Revised: October 10, 2009 .

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