Mortgage Calculators

Posted By: Brian Hunt In: Essential Web Tools
Date: Tue, Feb 2nd 2010 12:01 am

Mortgage Calculators

Planning on refinancing, buying a new home, or just curious of how much you pay in interest each year?  Online calculators can help you get quick answers.  All that you need to do is supply the information and run the numbers.  Keep in mind that if your numbers don’t match the figures on the calculators below then you probably have one of your variables wrong.  Interest Rates and Annual Percentage Rates (APR) are common miscalculations.  You also need to know when your first payment begins.   On every property detail, from your search results, you will find a "Mortgage" button.  Just click on this button for a quick reference for your payments.

  If you are fairly good at math you could calculate the payment amount for $1,000 or $10,000 and multiply it accordingly.  For instance, the payment on $10,000 at 6.25 % for 30 years is roughly $67.07... Lets just say $70.  So on a $20K loan it would be $140 monthly and  on a $30K loan it would be $210 monthly...and so on.  Using this technique on $100,000 makes for easy math too.