Useful Mortgage Calculators

Whether you are getting a home loan, commercial loan, or small business loan, there is quite a bit of "calculation" that goes into the process.  We've provided you with a number of very useful calculators to help you in your buying or refinancing decision.  Please use these as often as you like and feel free to discuss the results with your Excelsíon Mortgage professional.

Mortgage Oriented

• Mortgage Loan
  Use this calculator to determine your monthly payment and amortization schedule.
• Mortgage Points
  Should you buy points? Use this calculator to find out.
• 15 vs. 30 Year Mortgage
  Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
• Adjustable Rate Mortgages
  This calculator helps you to determine what your adjustable mortgage payments will be.
• Mortgage APR
  Use this calculator to find the APR on your mortgage.
• Mortgage Tax Savings
  Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.
• Balloon Mortgages
  A balloon mortgage can be an excellent option for many home buyers, use this calculator to see if a balloon mortgage might fit your needs.
• ARM vs. Fixed Rate
  This calculator helps you to determine what your adjustable mortgage payments will be.

Budget Oriented

• Mortgage Qualifier
  Can you buy your dream home? Find out just how much you can afford!
• Required Income
  Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.
• Maximum Mortgage
  Use this calculator to determine your maximum mortgage and how different interest rates affect your how much you can borrow.
• Mortgage Payoff
  Save thousands of dollars in interest by increasing your monthly mortgage payment.
• Bi-weekly Payments
  Using bi-weekly payments can accelerate your mortgage payoff and save you thousands in interest. Use this calculator to compare a typical monthly payment schedule to an accelerated bi-weekly payment.
• Rent vs. Buy
  Are you better off buying your home, or should you continue to rent?

Refinance Oriented

• Refinance Interest Savings
  Use this calculator to see how much interest you can save by refinancing your mortgage!
• Refinance Breakeven
  Should you refinance your mortgage? Use this calculator to determine when you will breakeven!