Tools - Calculators

Payment/Amortization

This calculator allows you to figure out your monthly payment for fixed-rate or adjustable-rate loans. It also allows you to calculate the breakdown between principal and interest in payments over the loan term.

Rent vs. Own

This calculator allows you to calculate the difference between renting a property and buying a home.

Calculate Annual Percentage Rate (A.P.R.)

This calculator allows you to calculate A.P.R. for fixed-rate or adjustable-rate loans, as defined by the Federal Truth In Lending Act.

Debt Consolidation

This calculator helps you to figure out if you can consolidate your debt by lowering the monthly payment, or pay off debts sooner

Prepayment Savings

This calculator helps you to determine how soon you can pay off your mortgage by making a prepayment, or how much prepayment you should make by shortening the time to pay off your mortgage.

Early Payoff Calculator

This calculator will assist you in determining the amount of additional principal payments needed per month to payoff the loan in a shorter period of time.

Refinance Break-Even Point

This calculator will help you determine the length of time until "breakeven" on a refinance loan, factoring in the new interest rate and closing costs.

Tax Savings

Based on the loan amount, interest rate, federal tax rate, and other entries, this calculator will determine the estimated tax savings of a period of years if the transaction is completed.

Special Thanks to Paul Karem of Paul Karem Mortgage for providing these links and descriptions.

Paul Karem Mortgage