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.


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

The Mortgage 101 Blog

Mortgage101 Blog

Mortgage Credit Availability Increases for Third Straight Month

Improving economic and housing market conditions led to the third consecutive month of increases in the availability of mortgage credit in June, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index (MCAI) rose 0.5 percent in July to 116.4, up from 115.8 in June. Increases in the MCAI point to a loosening of credit standards, while a decrease indicates the drying up of credit. The baseline of 100 was set in March 2012. During the height of the housing bubble the Index reached levels of 800. “The main driver in the MCAI’s increase was a rise in the number of jumbo Adjustable Rate Mortgage (ARM) programs,” according to a statement from the MBA. Lenders increased their availability of several types of ARM programs for jumbo loan clients, those taking out loans over the conventional standard of $417,000. Yet lenders were loosening their requirements not only for the wealthiest and those in the priciest areas, but also for those in the lowest borrowing brackets: Federal Housing Administration or FHA loans and Department of Veterans Affairs or VA loans. These government backed mortgages do not typically require large down payments or stellar credit. And after years of a mortgage credit drought, three months of increases are welcome news for lower-to middle-price borrowers. With the unemployment scene making slow but steady progress and job creation growing, potential mortgage borrowers in general are having a better time managing their finances, making them more attractive to lenders. And of course, the fact the refinance market has been hit hard since interest rates spiked last year has lenders competing with each other to curry the favor of homebuyers. If rates rise throughout 2014 and into next year as they are predicted to, that competition will only increase, hopefully bring credit availability back to where the majority of qualified buyers can obtain the funding the seek. more

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