How much house can you afford. If you are worried about breaking the bank, this calculator will help you find out exactly what your new mortgage will cost you. The mortgage payment calculator determines your payments for a particular loan. Whether you want to see monthly, weekly, daily or quarterly amortizations
you will also see how quickly your loan balance is paid off.
What Can I Afford?
Upfront Cost Calculator
Not everyone wants or will qualify for a conventional fixed rate loan. If you select a 5/25 or 7/23 balloon mortgage, you can use the Balloon Payment Calculator to determine how much you will owe after the initial fixed period has expired. If you are sure that you will remain in the home for a relatively short time, 5/25 and 7/23 Convertible, Two-Step, and Balloon mortgages might suit your needs since they provide lower rate than conventional mortgages. The risk with these loans is that the payment is due in full after the initial period is over. If you stay in the home, you will have to refinance.
Credit Grade Tool
You can get an idea of how credit bureaus view your creditworthiness by using the Credit Grade Tool. This is not a substitute for a credit report but will offer some indication of what to expect.