Real Estate Investment Properties
Commercial Property & Commercial Mortgage Loans
Rhode Island & Southeastern Massachusetts
Mortgage Calculators
Wednesday August 20, 2008
Welcome to the Waterfront Finance Mortgage Calculators! These calculators are used by home buyers to determine: How much can you afford to borrow? What will your payments be?
Should you prepay the loan? Is it better to rent or to buy? How do three loans compare? What is the amortization schedule for my debt? These and
other questions can be answered with some simple calculations using the mortgage calculator below. Use the
set of mortgage calculators below to see what makes sense for home buyers. Also, you might want to review the more comprehensive resources at Personal Mortgage Brokers to get a good understanding of the various types of mortgage financing
available, the upside and down side of each, and current interest
rates.
Feel free to book mark this page and come back to use our loan calculators when ever you want. That is why they are here. If you have any questions please feel free to contact us.
Privacy Note:No information what so ever is sent to
us when you use these mortgage calculators. None... So feel free to calculate what you
want, as you want, without concern. No personal identification
information is required to use these mortgage calculators!
Amortization Schedules and Mortgage Calculators Free with No Strings Attached
Use the following calculator to determine the maximum monthly payment (P+I) and the maximum loan amount for which you may qualify.
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. Enter amounts in the fields below and the mortgage calculator will give you your monthly mortgage payment amount!
Rent or Buy -- A Scenario
This form allows you to compare renting versus buying by enterring how much you want to spend a month and how much down you would put into your house.
Change these fields as desired:
I Want To Compare Three Different Loans
This calculator will allow you to compute up to three loans and compare the results. Enter the first three items and the fourth is calculated for you. To move between the fields of the Calculator table use the TAB key or click with the mouse on each field.
How much can I save by consolidating my debt?
Use our calculator to see how much you can save (please do not include any dollar signs or commas).
Your Current Debt Arrangement
Compare Your Savings with a Consolidation Loan
# of Payments
Interest Rate
Total Debt
Monthly Payment
Total Interest
Prepayment vs. Investment
This form allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead. This tries to take into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower.
Change these fields as desired:
How much does that loan REALLY Cost?
Enter the interest rate of your loan, the quoted APR and the loan amount. This calculator will then tell you how much the loan will then cost you.
How Much of a Down Payment Do I Need?
Amortization Calculator
Below you'll find a simple loan calculator which 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. This loan calculator should be used only as an estimation as it doesn't allow for taxes and insurance.
DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.
