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Rent vs. buy calculator
This calculator can help you to compare the costs of renting to the costs of buying a home. Because there are other factors to consider, (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.) it is complicated to compare the cost of renting to the cost of buying. This calculator attempts to take all of these factors into consideration in order for you to make an informed decision.
What is an Interest Only Loan? An Interest-Only loan is a home loan program where you have an option to make “interest-only” payments for a defined period of the loan. The term “interest-only” does not mean not mean a consumer will never have to repay the principal amount of the loan. Usually there is a term in which you will pay only interest. After that term, you would then have to pay both interest and principle. Interest only loans generally use a variable interest rate.
Mortgage payment calculator
Compute your monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Estimate your total mortgage payment including property tax, property insurance and PMI (Private Mortgage Insurance). Use the Amortization Schedule button to create a printable report.
Should I refinance?
How much house you can afford
Find out what your home is worth
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