Mortgage Calculator - An Insider's "How To" Guide

Powerful mortgage loan reports, customized for each situation, were always the privilege of mortgage brokers. Today, thanks to our mortgage calculator program, you can have access to these reports in a matter of minutes.

1. Loan Comparison Reports for Purchase and/or Refinance
Our mortgage calculator provides total summaries of all relevant loan parameters for multiple loans displayed side-by-side for ease in comparison. For each loan specified, the information displayed includes total payment (including mortgage insurance, taxes, and extra payments) plus total cost of financing (including all closing costs, mortgage insurance, and tax benefits). Payment, cost and equity are shown for each year up to and including maturity.

2. Mortgage Planning Reports for Purchase and/or Refinance
This report will provide you a summary of payment, cash to close and a complete analysis of investments and net worth for each loan. It illustrates investment starting balance, monthly contribution, contributing tax savings, and much more.

3. Closing Costs Estimate Calculator
This report is computed automatically from data entered in the mortgage calculator program during the loan evaluation phases, and can be emailed directly from the calculator to you.

4. Accelerated (Biweekly) Payments Report
Compares the original loan to that same loan in an Accelerated Payment Program, and displays the savings in total cost, additional equity at each year in the term, and term reduction. The accompanying amortization table color-codes the dates on which extra payments are applied directly to the principal.

5. Refinance/Debt Consolidation Report
Gives you a summaries for both existing and new loan programs, as well as a refinance recommendation based on their goals for lowering P&I payments, reducing total loan costs, or paying off the loan earlier than its due date. It also takes investing the monthly payment difference in an after-tax or tax-deferred savings account!

6. The Loan Watch Report
The Loan Watch Report compares the rate, payment, and cost of your current mortgage(s) with up to four proposals.

The reports listed above are just a few examples of what you can do with the mortgage calculator on our site. Because of its powerful customization capabilities, you can receive an unlimited number of reports to illustrate your mortgage terms, cost, strategy, or objectives.