Mortgage Calculators

Advice Corner

Making Homes Affordable. The new Administration has introduced a comprehensive Financial Stability Plan to address some of the key problems at the center of the financial crisis. A critical piece of that effort is Making Homes Affordable.


With mortgage foreclosures reaching an all-time high, Congress, the Federal Government and major banks have all begun to support loan modifications in some way. IndyMac Federal Bank, one of the first to offer loan modification, along with Citigroup, Bank of America/Countrywide, Chase/WAMU, and FHFA participants have issued loan modification guidelines.


U.S. Bank failure continues to rise with the FDIC announcing more bank failures. Since the credit and financial crisis began, U.S. bank failures have reached a staggering $411.3 billion in assets, with 40 failures occuring in 2009. Click here for a list of Bank Failures.


Did you receive your Economic Stimulus Payment or Tax Refund? If you haven’t, the government is trying to track you down.


Mortgage Basics - defines all the common Mortgage Terms related to mortgage finance.


Anyone considering a mortgage should avoid these Common Mortgage Mistakes, from borrowing too much to not shopping for the best rates.


Getting approved for a mortgage can be a tricky. Here we layout the Mortgage Approval Process for obtaining a mortgage.


Because of the current increase in home foreclosures, Mortgage Foreclosure Scams are abound. Beware of Con Artists and foreclosure experts offering "too good to be true" offers.


8 Tips for Avoiding Home Foreclosure


Foreclosure Causes


HOPE for Homeowners (H4H) Mortgage Refinance Program


Financial Crisis: How Did We Get Here?


Enhanced Loan Calculator

Use this online mortgage loan calculator (calc) to look at a variety of loan scenarios.

Use the slider controls to change/calculate your monthly payment, loan amount, interest rate and term, OR enter Freddie Mac's latest market survey rates located on the right to determine the impact on your monthly payment.

Press the "View Report" button on the loan calculator to see a complete loan amortization schedule, either by month or by year for the loan scenario you choose.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Enhanced mortgage Loan Calculator - Definitions

Monthly payment - Enter on the mortgage loan calculator the Monthly Payment for this loan.

Interest rate - Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Term in months - Number of months for this loan.

Loan amount - Total amount of your loan.

FREE ONLINE LOAN CALCULATORS AND DECISION TOOLS



CalculatorPlus.com

provides many free personal finance calculators, mortgage calc, and decision tools to help assist you in making smart financial desisions in the following areas:

Mortgages, Loans, Line of Credit/Home Equity Debt

Credit Cards & Debt Management

Auto Finance and Car Financing

Savings, Bank CDs & Deposits

Investments & Asset Allocation

Insurance & Annuity

Retirement & Social Security

Business, Cash Flow & Working Capital

LOOKING FOR THE BEST HOME MORTGAGE


Shopping for a home mortgage or mortgage loan will help you to get the best financing deal. A home mortgage – whether it's for a home purchase, mortgage refinancing, or home equity loan – is a product, so the price and terms are negotiable. Compare all the costs – interest rate, points, and closing fees --– when obtaining a home mortgage. Shopping, comparing, and negotiating can save you thousands of dollars over the term of your home mortgage.
- Obtain information from several mortgage lenders
- Obtain important mortgage cost – mortgage rates, points, closing fees
- Compare mortgage cost among several mortgage lenders using this mortgage calculator
- Then choose the home mortgage that best meets your financial needs.



FORECLOSURE COUNSELING RESOURCES


If a homeowner is at risk of default and foreclosure, call or visit one of the many foreclosure counseling organizations available to help.



HOPE FOR HOMEOWNERS PROGRAM


In July 2008, the U.S. Congress created the HOPE for Homeowners (H4H) program, which is designed to help homeowners at risk of default and foreclosure on their mortgage refinance into more affordable mortgage loans. Find out more about the program and whether you qualify for a HOPE for Homeowners refinance mortgage.



FINANCIAL CRISIS


The U.S. financial and credit crisis led to the dramatic failures of such U.S. financial institutions as Lehman Bros, Bear Stearns, Merrill Lynch, AIG, Washington Mutual, and the government take over of Fannie Mae and Freddie Mac. Find out what caused this financial and credit crisis that may lead the country into a recession or worse. This financial and credit crisis has caused a dramatic rise in bank failures in 2008. Click here for a list of failed banks.



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