FHA Mortgage Calculator
WHETHER YOU CAN AFFORD A
PARTICULAR HOUSE
WHETHER YOU SHOULD BUY NOW OR WAIT
AWHILE
WHAT THE PAYMENTS WILL BE
HOW THE LOAN WILL AMORTIZE
HOW THE INTEREST COSTS OF
DIFFERENT MORTGAGES COMPARE
HOW MUCH LENDERS ARE CHARGING IN
FEES
HOW MANY POINTS TO PAY
HOW LARGE A DOWN PAYMENT TO MAKE
WHETHER TWO MORTGAGES ARE LESS
COSTLY THAN ONE?
WHETHER TO PAY FOR MORTGAGE
INSURANCE
5a)
Housing Affordability: For borrowers trying to figure out whether they can
afford a given-priced house use this mortgage calculator.
6a)
Calculators to decide to Buy Now or Save First: 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 us this mortgage calculator.
IF YOU'RE SHOPPING FOR A MORTGAGE TO FINANCE
A HOME PURCHASE, YOU MAY WANT TO KNOW ...
7a)
Calculator for Mortgage Payments on Fixed-Rate Mortgages: For borrowers who want to know
the monthly mortgage payment on a fully-amortizing mortgage at different loan
amounts, interest rates and terms us the mortgage calculator.
7b)
Mortgage Payments on 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 use this mortgage calculator.
7c)
Mortgage Payments on 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 use
this mortgage calculator.
7d)
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 use these mortgage calculators.
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8a)
Loan Amortization 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)
Loan Amortization and Property Appreciation on Fixed-Rate Mortgages: For
borrowers who want to know how long it will take for amortization on an FRM
combined with property value appreciation to reduce the ratio of loan balance to
property value to some desired level.
9a)
Interest Cost on a No-Negative Amortization ARM and a Fixed-Rate Mortgage:
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.
9b)
Interest Cost on a Negative Amortization ARM and a Fixed-Rate Mortgage: 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.
9c)
Calculators to 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.
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HOW MUCH LENDERS
ARE CHARGING IN FEES CALCULATORS
10a)
Estimating Lender Fees From the APR on Fixed-Rate Mortgages: For borrowers
who want to know the fees charged by a lender, in addition to the rate and
points quoted in the media us this mortgage payment calculator.
HOW MANY POINTS TO PAY
11a)
The Costs and Benefits of Paying Points on Fixed-Rate Mortgages: 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)
The Costs and Benefits of Paying Points on Adjustable-Rate Mortgages: 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)
Rate of Return From Investing in Points on Fixed-Rate Mortgages: For
borrowers who want to know whether paying higher points to get a lower interest
rate on an FRM is a good investment.
11d)
Rate of Return From Investing in Points on Adjustable-Rate Mortgages: For
borrowers who want to know whether paying higher points to get a lower interest
rate on an ARM is a good investment us this mortgage payment calculator.
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HOW LARGE A DOWN PAYMENT TO MAKE
12a)
Rate of Return From Investing in a 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.
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WHETHER TWO MORTGAGES ARE LESS
COSTLY THAN ONE?
13a)
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 us this mortgage payment calculator.
WHETHER TO PAY FOR MORTGAGE
INSURANCE
14a)
Pay for Mortgage Insurance or Pay a Higher Interest 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.
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