I have seen and used various online calculators over the year.

Prior to being in the lending industry I thought that calculating a loan payment was easy. Principle and interest is fairly simply and I was excited to find out how low of a payment I could get.

Then I owned my first home and realized that there were far more things to consider then principle and interest!

 

 

Below are some of the best calculators available. There is a 4 point analysis on the true aspects of refinancing that shows the entire picture of what refinancing will cost/save.

Make your life easier and save money with these free tools in one location:

How much would my monthly payment be? 
How much would my monthly payment be with an interest only adjustable rate loan? 
How much can I save with a 15 year mortgage? 
Can I save money by refinancing now? 
How quickly can I pay off my mortgage by making additional payments? 
Does it make sense to pay points to get a lower interest rate?
Should I buy a home or continue to rent? 
Should I consider consolidating my debt with a cash out refinance?

  • As always, feel free to contact me for questions:
  • Jeff Fullmer -(208) 239-8728
  • Idaho's Loan Expert- Citizens Community Bank
 
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9 Comments on The only Mortgage Calculators you will ever need

APR
25
2008
 For some reason the links aren't working for me.  I would love to check out the calcs.
11:49am • #1

Brad, go ahead and try it now. Thanks for the heads up!
11:59am • #2
I have a mortgage calculator on my site, but these are far more detailed. I've bookmarked for future use. Thanks for the post!
12:13pm • #3
569,437 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp
Good consumer information Thanks for putting them all together.
12:14pm • #4

Katie, great hope it helps!

Terry, no problem thanks for stopping in!
4:44pm • #5
APR
28
2008
131,525 Points Outside Blog
Jeff, I believe you are on to something and I know your clients love you for being able to have this tool.
4:39pm • #6

Susan, thanks! Actually, I find it works best when the customer calls me and I am able to use the calculators to quote them different things. It takes a little bit to understand how they work but once you do then it is a great resource!
4:48pm • #7
MAY
01
2008
 These are GREAT!  I like to discuss extra paymens with clients.  These have got charts & all!  Thanks for sharing.  JENNIFER
5:50am • #8

Jennifer, thanks! The chart is good but the detailed report is even better, make sure you check out that feature!

10:42am • #9


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Jeff Fullmer - Real Estate Investor/Financier

Idaho Falls, ID

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FM Properties

Address: Idaho Falls, ID, 83406

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