A mortgage payment calculator is a great tool to help end confusion when wondering how much your potential mortgage payment will be each month. Mortgage payment calculators use variables such as your mortgage loan amount, the annual interest rate of your mortgage, and the term, or length, of your mortgage to determine what your estimated monthly mortgage payment will be.
Many free web-based mortgage payment calculators can be found online to be used at your convenience. All of the following mortgage calculators are easy to use and are a tool offered by websites that offer helpful information regarding obtaining a mortgage.
There is no cost associated with the use of any of these online mortgage payment calculators.
1. Yahoo Real Estate
Yahoo offers a basic mortgage payment calculator along with many information articles regarding home mortgages. Topics include
– How Much Home Can You Afford?
– Understanding Points, Rates and Fees
– Home Equity Loan vs. Line of Credit
– Choosing the Best Lender for Your Needs
2. HSH Associates
Hsh.com offers a free web-based mortgage calculator that will help figure the complete payment schedule of your mortgage over the total life of the loan. Hsh.com offers many other free web-based mortgage calculators that are very helpful when house shopping.
3. Interest.com
Interest.com offers a unique mortgage payment calculator that also allows a user to add in an amount for additional payments paid towards the home loan. Also found on the interest.com site are helpful articles including “The 7 biggest mistakes when getting a mortgage”. This article is a must-read for anyone in the market for a new home.
4. Mortgage101.com
Mortgage101.com understands how important it is to find a home that allows you a mortgage that truly fits your budget. Their simple and easy-to-use online mortgage payment calculator helps you find out how much a potential mortgage will cost you each month in a few clicks.
5. Calculator.com
Calculator.com is an obvious choice to find an online payment calculator. This site offers a very basic set-up of a calculator to figure your potential monthly payments for your mortgage. The mortgage payment calculator at calculator.com comes with simple directions at the base of the online tool.
5. LoanLane.com
I was very impressed with the simplicity of the mortgage payment calculator found on the loanlane.com website. Four simple clicks and your potential mortgage payment was presented in seconds. This is a great site to bookmark for a quick and easy website to go to with quick mortgage payment concerns.
6. CalcualtorsForMortgages.com
CalculatorsForMortgages.com is a great mortgage information site that allows for reader feedback and comment. This site also offers valuable articles and guides to help home-buyers through the mortgage process. Articles such as, “Budget Planning with Mortgage Calculators” make for a good read and help to feel better prepared for the loan process ahead.
Knowing how much of a home loan you can afford is helpful to eliminate the stress of over-spending when home buying. These free, online mortgage payment calculators can help you through the estimation process and let you rest your mind that your new home will fit your budget.
