What options are included in the different types of Mortgage caculators?
• Mortgage Refinance Calculator: This calculator examines all the cost factors of your present mortgage. You can see whether refinancing your present mortgage is advantageous. • Mortgage Affordability Calculator: With this, you preset a monthly payment and then figure out the mortgage accordingly. This is particularly useful when you go house hunting, as it narrows down a realistic price range. • Mortgage Payoff Calculator: Paying off your mortgage earlier is great; however, this may not be a feasible option. With this tool, you can see exactly how much it would cost to shorten your payment schedule and pay off your mortgage. • Interest-Only Mortgage calculator – This helps you figure the monthly savings with an interest-only mortgage, compared to a fully amortized mortgage. • Advanced Mortgage calculator: This gives you much more detail about your mortgage, takes into account all the variables that go into a mortgage, and gives a complete amortization schedule. You can compare monthly
