Mortgage Calculators and Financial Tools

Find answers to your financial questions. Now you can make smart decisions about purchasing, refinancing and debt consolidation.

Easy-to-Use Financial Tools
Get quick answers to some of the most-asked questions with these easy-to-use financial tools. If you have any questions or would like more information, be sure to contact us. We would be happy to help you.

	Amortization Schedule and Calculator This simple loan calculator allows you to input different interest rates, loan amounts, and mortgage length so you can estimate your monthly payment. Plus, you can also see an amortization schedule of a loan which will show you how much of your payment goes towards the principle and how much towards interest.

	How Much Are My Payments? Use our mortgage calculator to determine your monthly payment amount. Estimate your taxes and insurance so that these amounts will be included in the payment calculation.

	How Much Can I Borrow? Use the following calculator to determine the maximum monthly payment (P+I) and the maximum loan amount for which you may qualify.

	How Much Can I Save by Consolidating My Debt? Use our calculator to see how much you can save by consolidating your debt.

	How Much of a Down Payment Do I Need? Use our calculator to see how much of a down payment you may consider for your particular loan.

Disclaimer: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

European Concerns Increase

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled countries. As a result, investors shifted funds to relatively safer investments, including US mortgage-backed securities (MBS), which helped mortgage rates move lower.

The recently passed extension to the temporary payroll tax reduction contained a lightly publicized revenue raising provision to increase the guarantee fees charged on Fannie Mae and Freddie Mac loans. This fee results in higher rates for borrowers, and mortgage rates for loans not expected to close within the next month or so have begun to reflect this coming increase in guarantee fees.


	800.865.6266

Call 800.865.6266 for current interest rates. Each rate quote we provide is custom & we offer the most competitive products and programs available in the market place when considering your specific situation.

Rates are subject to change.