Mortgage calculators are an important tool in determining how affordable your monthly payments will be for a home refinance, purchase of a home or a commercial property. In addition to calculating your monthly payment, our mortgage calculator will create an amortization chart that shows how your interest and principle are applied to your mortgage over the term of your loan. You can see how adding additional monthly, yearly or other periodic payments affect how long you will pay on your mortgage and what effect they have at reducing the overall interest that you will pay.
When you are ready to move forward with your refinance or purchase, you can contact your local credit union, local bank, or mortgage broker to discuss your interest rates, loan approval process, fees and eligibility. If you are already pre-approved, take a look at our homes for sale and our real estate checklist to help you with the buying process.