The Best Mortgage Calculators On the Web!
Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it!
Each calculator has dynamic graphs and charts that change as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.
The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.
Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...
15 vs. 30 Yr Mortgages
Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Definitions
- Mortgage amount
- Original or expected balance for your mortgage.
- Interest rate
- Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.
- Marginal tax rate
- This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.
- Monthly payment
- Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.
- Total payments
- Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
- Total interest
- Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Real Estate Tips
Insurance >Hazard Insurance
Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!
Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.
It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.
As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.
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Real Estate Trivia
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Where is the world's oldest castle located?
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| A |
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories. |
 See More Real Estate Trivia > |
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Joe & Missy Cleary
RE/MAX Alliance Group
2000 Webber Street
Sarasota, FL 34239
941-954-5454
Fax: 941-954-5455
clearygroup@gmail.com
Hello! We are The Cleary Group of RE/MAX Alliance Group in sunny Sarasota, Florida. We also serve Siesta Key, Pelican Cove, Bradenton, Venice, Longboat Key, and Lido Key, and have been selling in this area for over 10 years! We specialize in residential and condominium sales on the mainland and The Keys of Sarasota, Florida.
Our high tech approach to the business enables us to keep close contact with our clients and to constantly learn new marketing techniques for our listings. We particularly enjoy working with people who are relocating to the area for retirement or those who are just starting new careers in this lovely community. Please call us toll free 1-877-814-1233 or email us today at Clearygroup@gmail.com.
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