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 Plummet in First Quarter

Homeowners have done a remarkable job of getting and staying current on their mortgage loans in the past year, according to a new report from the Office of the Comptroller of the Currency (OCC), an indication of the improving health of the U.S. economy. The OCC Mortgage Metrics Report  found that in the 2015 first quarter, only 1.9 percent of all mortgages were 30 to 59 days late, 7.0 percent drop from the previous year. And seriously delinquent loans made an even dramatic fall, decreasing to just 2.6 percent of all loans, down 16.4 percent from the first quarter of 2014. The number of foreclosures also recovered significantly in the latest year. The OCC report stated that there were 299,424 mortgages in the foreclosure process by the end of the first quarter, a30.8 percent decline. Overall those foreclosures made up 1.3 percent of all mortgages. New foreclosures, those begun in the 2015 first quarter, fell to 83,058, sinking 8.6 percent from a year earlier. The number of completed foreclosures dropped to 38,509, a 31.5 percent decline from the 2014 first quarter. Mortgage modifications and refinances accounted for some of the drop in foreclosures. The OCC reported that there were 188,816 home retention actions during the first quarter. That actually represented a large decrease – 20.6 percent – from the year before. Fewer modifications were needed as rising home prices helped struggling homeowners regain equity and avoid foreclosure. A strengthened jobs market also helped borrowers have more income to stay current on their mortgages. As long as the economy continues to brighten, foreclosures and delinquencies will likely continue to fall. more

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