Determine how quickly you can pay off your mortgage by making extra payments. Compare your current payoff schedule against accelerated repayment strategies.
This formula calculates the remaining mortgage balance after k payments have been made, given the original principal P, monthly rate r, and total number of payments n. Extra payments reduce k and the outstanding balance faster.
Estimate your monthly mortgage payment and total interest cost.
Decide if refinancing your mortgage will save you money.
Determine whether renting or buying is the better financial choice for you.
Find the maximum home price within your budget.
Get an estimate of your total mortgage closing costs.
Estimate PMI costs and find out when you can drop it.
