Mortgage Calculators

Use our mortgage calculators to help you decide if a home loan is right for you, how much you can afford, the length of your loan, and more.

How Much Can I Afford?

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow.

Rent vs. Buy

Should you rent or should you buy your home? This calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options.

Mortgage APR

Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage, and view a full amortization schedule, either by year or by month.

Adjustable Rate Mortgage

Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.

Mortgage Comparison: 15 Years vs. 30 Years

With a shorter year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms and help you decide which term is best for you.

Mortgage Points

Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment; but each 'point' will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment.

Bi-Weekly Payment

You can shave years of your mortgage and save thousands of dollars in interest by using biweekly mortgage payments. This calculator shows you the savings you may have by using this simple technique.

Current Mortgage Loan

Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay, your estimated principal balances, and even determine the impact of any principal prepayments.

Mortgage Tax Savings

Interest paid on a mortgage is tax deductible if you itemize on your tax return. So are points that are paid to lower your interest rate. Use this calculator to determine how much you could save in income taxes.

Mortgage Payoff

How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out.

Mortgage Refinance

How long will it take to break even on a mortgage refinance? Use this calculator to determine if refinancing your mortgage is a sound financial decision.

Refinance Interest Savings

How much interest can you save if you refinance your mortgage? This calculator helps you find out!

Reverse Mortgage

This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

If you think a home loan could be a good financial option for you, please call us at (915) 771-1766 (West) or at (915) 779-1633 (East) or contact us online.