When it comes to buying a home, one of the most important things to consider is your mortgage.
Understanding the costs associated with your mortgage, including your monthly payment and the total interest and principal you’ll pay over the life of your loan, is crucial for budgeting and planning.
That’s where mortgage calculators come in.
There are a variety of mortgage calculators available online, each with its own unique features and functionality.
In this post, we’ll take a look at some of the best mortgage calculators available to help you find the right one for your home buying needs.
1. SELFi Rate Table (obviously)
The SELFi rate table empowers home-buyers to view real, accurate, and customized up-to-minute mortgage rates without providing personal information,
The rates shown are lenders offering wholesale rates which is not the same rates offered directly to you. It’s kind of like getting a hotel from hotels.com for less than booking directly with the hotel.
2. Bankrate Mortgage Calculator
This user-friendly calculator allows you to easily calculate your monthly mortgage payment, as well as the total interest and principal you will pay over the life of your loan. It’s a great tool for getting a basic understanding of your mortgage costs.
3. Zillow’s Mortgage Calculator
This calculator not only calculates your monthly mortgage payment, but also provides estimates for property taxes and insurance, and allows you to compare different loan options.
This is a great tool for getting a more comprehensive understanding of your mortgage costs and for comparing different loan options.
This comprehensive calculator allows you to compare different loan options, and it also provides estimates for property taxes and insurance. It also allows you to input extra payments, which can help you pay off your loan faster.
This is a great tool for those who want to pay off their mortgage quickly and save on interest.
5. Altgage Prepay
Altgage prepay enables you to calculate the savings from paying your mortgage off faster.
“SELFi started with a simple idea: to help homeowners obtain the lowest interest rates on their mortgage. That’s it.”