A house is most likely the largest purchase you will ever make in your lifetime, so it’s important to calculate what your mortgage payments will be and determine how much you are able to afford. If you are thinking about buying a new home, refinancing, or paying off your current mortgage early, a mortgage calculator is one of the first tools you should use.
Mortgage calculations usually require a lot of math, so a mortgage calculator can make it easier for you to compare loan options, allow you to see a full amortization schedule, and more. Before using the assistance of a mortgage calculator, it is important to have some numbers on hand first, like the loan amount, interest rate, and loan term.
Your estimated monthly payment
Amortization / Payment Schedule