Mortgage Calculators

Mortgage Payment Calculator

Loan Type:

A mortgage payment calculator is a great tool to help home buyers estimate the cost of monthly mortgage payments. Whether you're interested in mortgage refinancing or looking to see how much tax you can deduct, these free mortgage calculator tools are here to help you. If you're interested in simple calculation of your mortgage use the tool calculator above. Otherwise, look through the different mortgage calculators below.


 

Purchase Calculators

How Much Can I Afford?

This calculator helps you identify how much you are able to afford when you are searching for a home.

How Much Do I Need to Qualify?

Compare your total monthly obligations including your total mortgage payment to your monthly income.

Should I Buy or Rent?

Our Buy vs Rent Calculator help you analyze the total cost of renting versus the total cost of owning.

Tax Benefits of Buying

This calculator estimates the tax benefit of buying a home.

APR Loan Calculator

Estimate the Annual Percentage Rate (APR) for a mortgage loan using your mortgage rate.

ARM Loan Payment

Compute your initial and estimate your future payments with Mortgage 101 ARM Loan Payment Calculator.


Refinance Calculators

Should I Pay Points - Refinance?

Helps you understand if you should pay loan points during your refinance.

Refinance Debt Consolidation Management

Figure how long before your savings equal the cost of obtaining a new consolidation loan.

Mortgage Principal

Figure your principal balance after any number of payments.

Extra Payments

Figures how long your mortgage will last depending on how much you pay monthly.

Mortgage Payment Amortization

This calculator will amortize your mortgage over the loan period based on your input.

APR ARM Loan

Estimate the Annual Percentage Rate for an Adjustable Rate Mortgage based on input parameters.

The Mortgage 101 Blog

Mortgage101 Blog
FROM THE MORTGAGE101 BLOG

Mortgage Delinquencies Fall to 8-Year Low

American homeowners are doing better at paying their mortgages on time, according to the latest data from the Mortgage Bankers Association, with delinquencies falling to their lowest levels in almost 8 years. The MBA’s National Delinquency Survey found that delinquencies – loans that were at least one payment behind but not yet in the foreclosure process – fell to a seasonally adjusted rate of 5.54 percent of all mortgage loans in the first quarter of this year, up from 5.68 percent during the previous quarter and up from 6.11 percent the year before. The rate has not been that low since the second quarter of 2007. Joel Kan, MBA Associate Vice President of Industry Surveys and Forecasting, said the falling delinquency rate was due to better economic conditions for homeowners. “The job market continues to grow, and this is the most important fundamental improving mortgage performance,” he said. “Additionally, home prices continued to rise, as did the pace of sales, thus increasing equity levels and enabling struggling borrowers to sell if needed.” Even the delinquencies among those far behind on their mortgages improved in the first quarter. The serious delinquency rate – the percentage of loans that are 90 days late or more or in the foreclosure process – fell to 4.24 percent, down from 4.52 percent in the fourth quarter of 2014 and down from 5.04 percent from a year earlier. “Legacy loans continue to account for the majority of all troubled mortgages,” Kan added. “Within loans that were seriously delinquent, 73 percent of those loans were originated in 2007 or earlier, even as the overall rate of serious delinquencies for those cohorts decreases. More recent loan vintages, specifically loans originated in 2012 and later, continue to exhibit low serious delinquency rates.” more

Check Local Mortgage Rates

Today's Average 3.94%
Mortgage Newsletter