Loan Calculator

Try the links below to helpful calculators on Interest.com

• Required-income mortgage calculator
  Determine how much you must earn to qualify for the mortgage you want.
• How much home can you afford?
  Calculate how much you can borrow based on how much you make and how much you owe.
• Interest-only mortgage calculator
  The initial monthly payments may be low, but see how they’ll rise when you have to start repaying the principal and interest rate resets.
• Balloon mortgage calculator
  Determine what you’re monthly payments will be and how much you’ll owe when the loan is up and the balloon payment comes due.
• Fixed-rate mortgage or interest-only mortgage calculator
  See how much less you’d pay with an interest-only mortgage — at least for the first few years. But you won’t be reducing your debt.
• Adjustable rate mortgage calculator
  Figure out the payments for any adjustable-rate mortgage. Just enter the amount and terms.
• Rent or buy?
  Know when to buy your first home by considering all of the costs and tax breaks.
• Refinance mortgage calculator
  Work out how much you could save with a new loan at a lower interest rate.
• Does a cash-out refi make sense?
  See what it would cost to consolidate auto and credit card debt into a new mortgage.
• Interest-only, fixed-rate mortgage calculator
  Low initial payments give way to higher costs when you must begin repaying the principal.
• Interest-only, adjustable-rate mortgage calculator
  Low initial payments give way to even higher costs when you must begin repaying the principal and the interest rate goes up.
• How long: 15 years or 30 years?
  Your payments will be higher with a 15-year mortgage but you’ll pay much less interest than with a 30-year loan.
• Points or down payment?
  Determine whether you’re better off buying down your interest rate or using that money for a larger down payment.
• Fixed-rate or adjustable-rate mortgage calculator?
  Compare monthly payments to find the right type of home loan for you.
• APR mortgage calculator
  The annual percentage rate allows you to compare loans by taking into account their total costs, not just their interest rates.