There are a variety of free calculators to assist you in researching, planning and obtaining a mortgage as well as learning more about your existing mortgage. By using one of the free mortgage calculators you can calculate your monthly mortgage payments, interest rates, pay-off dates and amortization schedule, in addition to a number of other variables about mortgages such as finding the best rates.
A payment calculators is designed to make it easier for you to understand mortgages and help you make important decisions about understanding how much you can afford before buying a home or knowing if it makes sense to refinance.
Mortgages can be confusing and intimidating, which is why we have compiled a list of free mortgage calculators to help you decide if now is the time to refinance or to determine the amount you can afford during your home search.
A Mortgage Refinance Calculator will highlight and compare facts about your existing mortgage and recommends whether or not refinancing your mortgage is a good option.
Other options may include the ability to preset a monthly loan payment that you feel comfortable with and see how much of a mortgage you may qualify for. This is useful in not only budgeting to pay your mortgage payment but also for when you are looking for properties to calculate what price range to aim for.
All of these tools are vital in helping you plan your mortgage as the most important thing to do before committing to a mortgage loan is doing thorough research to fully understand them and how they will affect your income levels and spending, and what the repayments will be.
Here is a list of sites that feature free mortgage calculators online: