"National Mortgage has excellent mortgage calculators that have allowed me to figure out quickly what my mortgage payment would be and what mortgage companies would allow me to borrow. Having some estimates beforehand helped me understand better my financial options and expectations." --
Juan Ardila
Building Contractor |
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Mortgage Calculators
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Mortgage Payment Calculator (PITI)
This calculator will compute your Total Monthly Mortgage
Payment, which consists of Payment, Interest, Taxes and
Insurance (a.k.a. PITI), and Loan to Value Ratio (LTV)
based on the property value, loan amount borrowed, loan
term and annual interest rate. You can also specify to
calculate annual property taxes and insurance.
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Mortgage Payment Amortization
This calculator will compute your Monthly Payment, the
Total Interest you will pay over the term of the loan
plus the total amount you will actually pay for borrowing
the money. Simply input your information in to the required
field. You can check "Show Amortization Schedule"
box to see a breakdown of payments.
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How Much Can I Borrow?
You can use this calculator as a guide to determine what
the mortgage companies will allow you to borrow and how
much will you save on taxes. There are a lot of factors,
of course, which will ultimately determine what your bank
or mortgage company will allow you to borrow, but gross
income and current debt payments are the most heavily
weighted qualifiers.
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How Much Income Do I Need?
You can use this calculator as a guide to determine what
the mortgage companies will allow you to borrow and how
much will you save on taxes. There are a lot of factors,
of course, which will ultimately determine what your bank
or mortgage company will allow you to borrow, but gross
income and current debt payments are the most heavily
weighted qualifiers.
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Bi-Weekly Mortgage Payment
Use this calculator to compute how much you will save
by making 1/2 of your normal monthly payment every two
weeks (bi-weekly) instead of making a full mortgage payment
once a month. Bi-weekly payments accelerate your mortgage
payoff by adding an extra 13th payment to your annual
number of payments and splitting it up between 26 bi-weekly
payments. This simple technique can cut years off your
mortgage and save you thousands of dollars in interest.
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Refinance Calculator
This calculator will show the Monthly Payment and Total
Interest and Refinancing Savings when you refinance your
current mortgage at a lower interest rate. You can also
request to finance Closing Costs to see how many months
it will take to break even.
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