To use these calculators, you must have JavaScript enabled on your browser.
Also, because these calculators open in a separate tab or window, you may have
to enable popup windows for this site in order to use them. You definitely
must enable popup windows if you wish to print calculation results.
The calculators that are accessed from this page will provide instant answers
to financial questions that normally could take hours to answer and which, if
answered incorrectly, could end up costing you thousands of dollars over the
years. They differ from similar real estate financing calculators found on the
web in that they take account of things like origination points, closing costs,
property taxes, transfer costs, and insurance. To obtain maximum value from
these calculators, you will need to know this information for the jurisdiction
in which you, or the property in which you are interested, is located.
These calculators originally were developed and deployed as Java applets.
However, after testing them against identical versions written in JavaScript
— despite the similarity in names, they are not the same; the latter is
a scripting language that has to be interpreted as it's being executed —
it was found that, despite the computational intensity of the algorithms used,
the JavaScript versions actually were faster. This is due to the fact that
JavaScript is not burdened with the overhead of loading the Java Runtime Engine.
Another advantage of using JavaScript is that virtually every browser comes
with a JavaScript interpreter — the user only has to make sure it's
enabled — while the Java Runtime Engine usually has to be downloaded
separately.
- The Ultimate Refinancing
Calculator helps you decide on the financial feasibility of
refinancing your mortgage or consolidating your debt and simplifies
comparisons among different lenders by calculating the true annual
percentage rate as well as the total saving from refinancing or debt
consolidation.
- The Housing Cost Calculator
calculates the total cost of obtaining a mortgage loan and buying
and owning a home.
- The Affordability Calculator
lets you calculate the maximum price of the house you can buy,
given the savings you have available for the downpayment and settlement and
transfer costs, and the maximum monthly payment (including contributions
to escrow) you can afford.