HOW QUICKLY CAN I PAY OFF MY LOAN IF I MAKE EXTRA PAYMENTS?
USE THIS CALCULATOR TO MAKE A NET COST, SIDE BY SIDE COMPARISON OF UP TO 4 DIFFERENT LOAN OPTIONS
THIS IS THE MOST BASIC OF THE LOAN PAYMENT CALCULATORS AVAILABLE TO YOU ON THIS SITE. IF ALL YOU ARE LOOKING FOR IS TO DETERMINE A MONTHLY LOAN PAYMENT, THIS IS ALL YOU NEED. IF YOU'RE LOOKING TO INCLUDE THE OTHER ITEMS THAT WILL TYPICALLY ACCOMPANY YOUR PAYMENT SUCH AS TAXES, INSURANCE, ETC., PLEASE TRY THE HOUSING PAYMENT OPTION.
THIS IS A BASIC ANALYSIS OF THE POTENTIAL VALUE OF REFINANCING AND IS A GREAT PLACE TO START. OTHER MORE SOPHISTICATED CALCULATORS FOLLOW THIS YET IF VALUE IS EVIDENCED HERE, IT'S ALMOST ALWAYS A GOOD INDICATION OF THE OVERALL SAVINGS AVAILABLE.
THE BENEFIT OF COMPARING DIFFERENT OPTIONS, ESPECIALLY PAYING POINTS VS. NOT OR COMPARING DIFFERENT LOAN TERMS BECOMES MUCH MORE CLEAR WHEN DONE ON THE SAME PAGE. THIS IS MOST BENEFICIAL IN THIS FORMAT WHERE A PARTICULAR NUMBER OF YEARS IS SELECTED TO REPRESENT HOW LONG YOU EXPECT TO HAVE YOUR NEW LOAN. WHAT AT FIRST MAY HAVE BEEN A QUEST FOR THE LOWEST INTEREST RATE CAN NOW BE MORE INTELLIGENTLY FOCUSED ON FINDING THE LOWEST COST OVER THE LIFE OF THE LOAN YOU PLAN TO USE.
USE THIS CALCULATOR TO DETERMINE IF THERE IS BENEFIT TO COMBINING YOUR MORTGAGE AND OTHER DEBTS INTO ONE LOAN.
ANALYZE THE VALUE & RATE OF RETURN ON COSTS AND TOTAL CASH USED BY REFINANCING WITH A PRINCIPAL REDUCTION
USING THIS TOOL TO INSPECT AND COMPARE THE WAY THAT A SCHEDULE OF LOAN PAYMENTS WORKS OVER TIME AND PARTICULARLY IN COMPARING A REGULAR SCHEDULE TO ONE WITH EXTRA PAYMENTS CAN GO A LONG WAY TOWARDS PROVIDING THE INSIGHT NEEDED TO MAKE THE BEST POSSIBLE DECISIONS REGARDING YOUR HOME FINANCING. WE'RE HERE TO HELP WHENEVER YOU'RE READY SO NEVER HESITATE TO REACH OUT WHEN YOU HAVE QUESTIONS OR ARE READY TO GET STARTED.