mortgage calculator

The mortgage calculator is usually a simple tool that users can find on the Internet which helps them calculate how much a monthly payment would be for a house.

When using a mortgage calculator online, a potential home owner needs three pieces of information. The first thing they need is the principal amount of the loan they want on the house. Second, a user needs to know the interest rate of the loan. Lastly, the user will need to input the number of years over which the loan will be repaid. After placing these three items into the mortgage calculator, the site will usually display the total monthly payment on that loan. Some calculators will also display more comprehensive information, including an amortization schedule and a breakdown of how much someone will pay towards the principal and towards interest per payment.

Some mortgage calculators available online include examples from Bankrate.com, Interest.com, and MortgageCalculator.org.

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Latest blogosphere posts tagged “mortgage calculator”

• AIG Bank Current Mortgage Rates

  
  MonitorBankRates.com — Authority: 429
  AIG Bank is advertising some of the best mortgage rates available today. The current advertised rate for a 30 year mortgage is 4.625 percent, which is lower than the current National Average Mortgage Rate reported by Monitor Bank Rates of 4.91 percent.The bank’s 30 year mortgage rate is also lower than the 4.83% ...
  1 day ago

• Reverce Mortgage Calculator

  
  Gadget News and Reviews — Authority: 165
  There are two interest rates available for mortgage loans: One is called “expected rate” and it consists of 10 year index plus the borrower’s margin. The higher the rates are the less money the borrower can get. However, there is a floor rate of 5.5% and interest rate below 5.5% will no longer increase the amount ...
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• Recession Slows Growth of “Boomburbs”

  
  Loan News — Authority: 123
  Some of America’s fastest growing suburbs are now seeing slower growth due to the recession. Of the 53 cities with populations of 100,000 and up that grew at least 10% every decade since 1970, 24 have lost population by the last two years, according to USA Today. Of these “boomburgs… bank of the west ...
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• Interest Rate Calculator For Your Mortgage Loan

  
  Mortgage-Blog — Authority: 451
  An Interest rate calculator will show you how much interest your mortgage payment is compared to the principal. I’ll show you ways to decrease the interest and increase the principal. Source: Interest Rate Calculator For Your Mortgage Loan
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• 30 Year Mortgage Rates Near Record Lows - 15 Year Mortgage Rates Lowest Ever

  
  MonitorBankRates.com — Authority: 429
  Mortgage rates continued to decline in the latest Primary Mortgage Market Survey released by Freddie Mac this morning. 30 year mortgage rates are near record lows and are at the lowest level since May of 2009. 15 year mortgage rates have hit the lowest level ever since Freddie Mac’s records began in 1991.Mortgage ...
  2 days ago

• Who has the best mortgage rates?

  
  Irish Mortgage Brokers Blog — Authority: 132
  The ‘best rate’ is a misnomer because interpretation of what is the ‘best’ is a subjective question, for a very conservative person a 10 year fixed rate is ‘the best’ and from that point the ‘best’ will likely be whatever is the cheapest ten year fixed rate, having said that, after careful ...
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• The FHA Streamline Loan: It Was Fun While It Lasted

  
  Loan News — Authority: 123
  Even though the official name “FHA Streamline” still exists, the FHA streamline refinance of today is very different than it was last week. Or for the last decade or so for that matter. As of November 17, 2009 the FHA streamline loan now requires the following items (and more) but these … mortgage calculator ...
  3 days ago

• 30 Year Mortgage Rates at 4.83% - MBA

  
  MonitorBankRates.com — Authority: 429
  30 year mortgage rates are down to 4.83 percent in the latest Mortgage Application Survey released by the Mortgage Bankers Association.  This is a decline from last week’s average 30 year contract interest rate of 4.90 percent. This is the lowest average contract mortgage rate since May of 2009. ...
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• 8000 Tax Credit Tax hoax?

  
  Loan News — Authority: 123
  As with many good things in life – there are always a few public who are doing what they shouldn’t. In that case, there are quite a few public claiming that they are eligible for the 8000 tax credit when in fact they are not eligible for whatever reason. If someone tries to claim the 800… loan consolidation ...
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• 6500 Tax Credit For Move Up Buyers

  
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  With the success of the $8000 tax credit for first instance home buyers in 2009 – Congress has recently decided to add an additional incentive for society who are not first duration home buyers – but move up home buyers. Move up home buyers are those citizens who currently own a home, bu… loan rates ...
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• Can You Rent Your Home From Fannie Mae?

  
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  There may be a little bit of light at the end of the tunnel for society who are currently going through foreclosure – they may be able to rent their property back from Fannie Mae. Fannie Mae has recently announced the Fannie Mae Deed For Lease Program and it is designed to be another option to… home equity ...
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• 8000 Tax Credit Extended and Expanded

  
  Loan News — Authority: 123
  Recently, the $8000 tax credit was extended and expanded to plus include a $6,500 tax credit for move up buyers. The tax credit has been popular with citizens who are first date home buyers and there was quite a bit of discussion as to whether or not Congress would/should extend the deadline beyond … real estate ...
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• Mortgage Interest Rates: Current Mortgage Rates - November 16, 2009

  
  MonitorBankRates.com — Authority: 429
  Long term mortgage interest rates are lower this week over last, both conforming mortgage rates and jumbo mortgage rates are lower.Today’s average mortgage rate for a 30 year fixed mortgage is back under 5.00 percent at 4.95 percent. 10-year U.S. Treasury yields also headed lower last week and as of ...
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• Jumbo Loan Modifications: The Role of Mortgage Insurance

  
  Loan News — Authority: 123
  Anyone who currently has a jumbo loan and has been trying to work with their lender knows that the “Obama loan modification plan” doesn’t really apply to them – considering they have  a jumbo loan. Which means that whether or not someone with a jumbo loan gets a loan modific… loans with bad credit ...
  6 days ago

• How to make a Fixed Rate Loan/Mortgage Calculator in Excel

  
  nikkypals.com — Authority: 168
  www.TeachExcel.com This video tutorial will show you how to make a fixed rate loan or mortgage calculator in excel. It is actually quite easy to do and after watching this step-by-step example and walk-through, you will be able to make your own also. This tutorial uses the PMT() function to calculate the required ...
  1 week ago

• Current Mortgage Rates: Mortgage Rates Decline to Five Week Low

  
  MonitorBankRates.com — Authority: 429
  Current mortgage rates declined to a five week low for the week ending November 12, 2009 according to the most recent mortgage rate survey released by Freddie Mac. 30 year mortgage rates stayed below 5.00 percent for the fifth time in the past seven weeks.In this week’s Primary Mortgage Market Survey conforming 30 ...
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• Is Your Debt to Income Ratio Too High? – Use a Mortgage Calculator to See What You Can Afford

  
  Mortgage-Blog — Authority: 451
  Knowing your debt to income ratio before you get to the bank is very important. Use a mortgage calculator to figure it out and go to the bank with knowledge of what you can afford. Source: Is Your Debt to Income Ratio Too High? – Use a Mortgage Calculator to See What You Can Afford
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• 30 Year Mortgage Rates Decrease - Mortgage Refinance Applications Increase

  
  MonitorBankRates.com — Authority: 429
  30 year mortgage rates decreased in the latest Weekly Mortgage Applications Survey released by The Mortgage Bankers Association (MBA)  this morning.The average contract rate for 30 year mortgages decreased to 4.90 percent for the week ending November 6, 2009. Down from the previous week’s average contract ...
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• Mortgage Calculators – Take Control of Your Finances

  
  Mortgage-Blog — Authority: 451
  If you’re interested in getting a mortgage, you need to educate yourself about it. Take in all that you can and make wise decisions to avoid being swindled. One of the dynamics that can help you a lot in the decision making is to use a mortgage calculator. Source: Mortgage Calculators – Take Control of Your ...
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• JPMorgan Chase to Hire 1,200 Mortgage Officers

  
  Loan News — Authority: 123
  JPMorgan Chase says it plans to hire 1,200 mortgage loan officers by the end of next year. The additions will increase the bank’s sales force by 60%, the bank said in a release. The additional staff will be located in 23 states and will help the bank go after new mortgage business and refi… us bank ...
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