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 Rates Make Largest Weekly Gain of 2014

After remaining almost stationary for the past two months, long-term mortgage interest rates jumped the most of any one week this year, according to mortgage giant Freddie Mac, a product of market speculation about the Federal Reserve’s actions. “Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance,” commented Freddie mac vice president and chief economist Frank Nothaft in a statement . The average rate on a 30-year fixed rate mortgage leaped to 4.23 percent, excluding points, during the week ended September 18, up from 4.12 percent the week before. Even with this week’s jump, rates are still considerably lower than one year ago when the average was 4.50 percent. Before this week, the average rate has stayed in a very tight range between 4.10 percent and 4.14 percent since the middle of July. Even though it plans to hold its target interest rate near zero for a “considerable time,” the Federal Reserve announced Wednesday that it will keep its October deadline for ending its stimulus program. It has been tapering the program by $10 billion every six weeks for most of the year so far. That message from the Fed as well as several positive signs from the greater economy encouraged investors to leave the security of bonds, pushing rates higher finally. Rates on 15-year fixed rate loans also skyrocketed in the latest week, with the average climbing to 3.37 percent, up from 3.26 percent. Compared with the previous year, rates are down from 3.54 percent. The one-year adjustable rate mortgage carried an average rate of 2.43 percent, falling from 2.45 percent the week before and down from last year’s 2.65 percent. more

Check Local Mortgage Rates

Today's Average 4.28%
Mortgage Newsletter