The Best Mortgage Calculators On the
Web!
Please try my Java loan and mortgage calculators.
They take a minute to load, but they are worth it! Each calculator
has dynamic graphs and charts that change - right before your eyes -
as you enter different information. Each financial calculator also
includes a View Report option. The mortgage repayment schedule and
other reports are fully customizable. These reports are designed for
you to print out and keep...
Will Buying Points Save You
Money?
Should you buy 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. Click on the "View Report" button to review your
information.
Definitions
- Term
- Number of years for this mortgage. Most common terms are 15
years and 30 years.
- Mortgage amount
- Total balance for your mortgage.
- Interest rate
- Annual interest rate for this mortgage without purchasing any
discount points.
- Years in home
- The number of years you expect to live in this home or the
number of years before you refinance your mortgage.
- Principal and interest
- Monthly principal and interest (PI) for this mortgage.
- Points rate
- Annual interest rate for this mortgage with discount
points.
- Points
- The number of discount points you need to receive the lower
rate. Each point costs 1% of your mortgage amount.
The mortgage
calculators are provided by KJE Computer Solutions, LLC and made
available to NUMBER1EXPERT as self-help tools for your independent
use and are not intended to provide investment advice. We can't
guarantee their applicability or accuracy in regards to your
individual circumstances. All examples are hypothetical and are for
illustrative purposes. We encourage you to seek personalized advice
from qualified professionals regarding all personal finance
issues. | 
- NUMBER1EXPERT™ 
