MORTGAGE CALCULATORS(More Info)
List
Bringing interactive Mortgage Calculators online. (Press Release)
Basic Mortgage Calculators:
Standard Mortgage Calculator
Add Payments Calculator (New)
Add Pymts. Multi-Scenario
Compare Two Mortgages:
(T1) Mortgage Calculator
(T2) Mortgage Calculator
(T3) REFINANCE Calculator
Refinance Two Mortgages Into A Single Mortgage:
(T1) Mortgage Calculator
(T2) Mortgage Calculator
(T3) REFINANCE Calculator
Compare Two Mortgages Using Present Value (PV):
(T1) Mortgage Calculator
(T2) Mortgage Calculator
(T3) REFINANCE Calculator
Refinance Two Mortgages Into A Single Mortgage & Compare Using Present Value (PV):
(T1) Mortgage Calculator
(T2) Mortgage Calculator
(T3) REFINANCE Calculator
Other Mortgage Calculators:
Monthly Mortgage Schedule
Forecast Monthly Expenses
Mortgage Information:
Common Mortgage Questions
A Step By Step Approach To Mortgage Calculators:
Page 1, Page 2, Page 3, Page 4
Real Estate Information:
Real Estate Articles
Books ON Real Estate
If You Have A Website:
PLEASE LINK TO US
Our mortgage calculators will calculate your monthly mortgage payment or compare two amortizing loans. Our mortgage calculators will assist you in determine the benefit of refinancing your loan. Whether you are looking for current mortgage rates for a purchase or to refinance your current mortgage, it is always important to shop around for the most affordable and fitting solution. Try our real estate calculators or business calculators as well. What's new? Look at an amortizing loan and compare w/ and wo/ a fixed increase in the required monthly payment.

The big question is "Should I refinance?" The answer to this question is complex. There are both economic reasons and personal reasons to refinance an existing loan. This web site really focuses on analyzing the economic benefits.

Determining the economic benefits would depend on many factors, i.e. 1) what is the rate on your existing loan, 2) what is the current rate at which you can refinance, 3) what will it cost you to refinance, 4) how long do you expect to hold the property hence hold the loan, and 5) what is the time value of money.

To the left are a list of mortgage calculators. (T1) will not adjust for how long you expect to live in the home and will not adjust for the refinancing of an existing loan which has been significantly paid down. (T3) will allow you to account for these other two variables. The list includes some additional loan calculators that will allow you to adjust for (PV) or the present value of the difference in the cash flows. The seperation of these variables 1) allows the user the ability to focus on how each of the above variables (factors) may affect the potential economic benefit of refinancing an existing loan, and 2) guides the user step by step through the process of understanding the application of these variables (factors). If you need to know more, click here to continue reading on the next page. There are 30 year, 25 year, 20 year, 15 year, 10 year amortization schedules available with our mortgage loan calculators.

T1 (Type 1) represents NO adjustment for 1) how long you expect to live in the property and 2) the refinancing of an existing loan which has been significantly paid down.
T2
(Type 2) allows for an adjustment for how long you expect to live in a property.
T3 (Type 3) allows for an adjustment for refinancing an existing loan which has been significantly paid down.
PV
(Present Value) makes use of the present value of future cash flows.
Note: All of the above could significantly effect a person's decision to refinance.
Your Mortgage Loan Results
Loan
New
Old
Difference
Rate
5.125 %
8 %
-2.875 %
Term
30
30
0
Mortgage
$ 100,000
$ 100,000
$0
Monthly Payment
$ 544
$ 734
$ -190
Total Interest
$ 96,015
$ 164,155
$ -68,140
Total Principal
$ 100,000
$ 100,000
$ -0
Total Payments
$ 196,015
$ 264,155
$ -68,140
Present Value of Difference
$ -35,225
Less Cost to Refinance
$ 2,500
Net
$ -32,725
 
Annual Mortgage Schedule
New
Mortgage
Old
Mortgage
Diff. in Cash
Flows and PV
Year
Beg.
Balance
Int.
Prin.
End.
Balance
Year
Beg.
Balance
Int.
Prin.
End.
Balance
Year
Diff. in
Paymts
DF
PV
Total
-68,140
-35,225
1
100,000
5,091
1,442
98,558
1
100,000
7,970
835
99,165
1
-2,271
0.97
-2,211
2
98,558
5,016
1,518
97,039
2
99,165
7,900
905
98,260
2
-2,271
0.93
-2,103
3
97,039
4,936
1,598
95,442
3
98,260
7,825
980
97,280
3
-2,271
0.88
-2,001
4
95,442
4,852
1,682
93,760
4
97,280
7,744
1,061
96,219
4
-2,271
0.84
-1,903
5
93,760
4,764
1,770
91,990
5
96,219
7,656
1,149
95,070
5
-2,271
0.80
-1,810
6
91,990
4,671
1,863
90,128
6
95,070
7,561
1,245
93,825
6
-2,271
0.76
-1,722
7
90,128
4,573
1,960
88,167
7
93,825
7,457
1,348
92,477
7
-2,271
0.72
-1,638
8
88,167
4,471
2,063
86,104
8
92,477
7,345
1,460
91,018
8
-2,271
0.69
-1,558
9
86,104
4,362
2,172
83,932
9
91,018
7,224
1,581
89,437
9
-2,271
0.65
-1,482
10
83,932
4,248
2,286
81,647
10
89,437
7,093
1,712
87,725
10
-2,271
0.62
-1,410
11
81,647
4,128
2,405
79,241
11
87,725
6,951
1,854
85,870
11
-2,271
0.59
-1,341
12
79,241
4,002
2,532
76,710
12
85,870
6,797
2,008
83,862
12
-2,271
0.56
-1,276
13
76,710
3,869
2,664
74,045
13
83,862
6,630
2,175
81,688
13
-2,271
0.53
-1,214
14
74,045
3,730
2,804
71,241
14
81,688
6,450
2,355
79,332
14
-2,271
0.51
-1,154
15
71,241
3,582
2,951
68,290
15
79,332
6,254
2,551
76,782
15
-2,271
0.48
-1,098
16
68,290
3,428
3,106
65,183
16
76,782
6,043
2,762
74,019
16
-2,271
0.46
-1,045
17
65,183
3,265
3,269
61,914
17
74,019
5,813
2,992
71,027
17
-2,271
0.44
-994
18
61,914
3,093
3,441
58,473
18
71,027
5,565
3,240
67,787
18
-2,271
0.42
-945
19
58,473
2,912
3,621
54,852
19
67,787
5,296
3,509
64,278
19
-2,271
0.40
-899
20
54,852
2,722
3,811
51,040
20
64,278
5,005
3,800
60,478
20
-2,271
0.38
-855
21
51,040
2,522
4,011
47,029
21
60,478
4,690
4,116
56,362
21
-2,271
0.36
-814
22
47,029
2,312
4,222
42,807
22
56,362
4,348
4,457
51,905
22
-2,271
0.34
-774
23
42,807
2,090
4,443
38,364
23
51,905
3,978
4,827
47,078
23
-2,271
0.32
-736
24
38,364
1,857
4,677
33,687
24
47,078
3,577
5,228
41,850
24
-2,271
0.31
-700
25
33,687
1,612
4,922
28,765
25
41,850
3,143
5,662
36,188
25
-2,271
0.29
-666
26
28,765
1,354
5,180
23,585
26
36,188
2,673
6,132
30,056
26
-2,271
0.28
-634
27
23,585
1,082
5,452
18,133
27
30,056
2,165
6,641
23,416
27
-2,271
0.27
-603
28
18,133
796
5,738
12,395
28
23,416
1,613
7,192
16,224
28
-2,271
0.25
-573
29
12,395
495
6,039
6,356
29
16,224
1,016
7,789
8,435
29
-2,271
0.24
-546
30
6,356
178
6,356
-0
30
8,435
370
8,435
-0
30
-2,271
0.23
-519
Note that there are small rounding difference allowed in
order to save on processing time.

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