Use a Mortgage Calculator to Help Understand Cost Breakdowns
Take a look at our mortgage calculators below. Get a better understanding of what you can afford, your mortgage payments, and premium payments. You should also check out our article on Hidden Costs You Didn’t Know About, which will ensure you’re prepared for cost breakdowns and getting the best value for your money.
Not sure how much home you can afford? Our Affordability mortgage calculator will help you understand what potential purchase price you can afford. To do this, simply balance your monthly income against housing costs and your mortgage information. This will allow you to determine your maximum purchase budget, but most importantly it will give you comfort and ease knowing what to budget for in the future.
Use this mortgage calculator to determine your monthly mortgage payments. Compare multiple mortgage scenarios to determine which product is best for you, which could save thousands in interest costs, and pay down your mortgage faster. It’s all about finding the best mortgage solution for your needs.
Putting less than 20% down payment towards your mortgage means you’ll be charged a mortgage insurance premium. Use this mortgage premium calculator to determine the cost of the mortgage insurance payments. It’s important to take these costs into consideration. It just might be worthwhile for you to put down more money towards your mortgage, and save yourself insurance premium costs.