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Mortgage Calculator - How to Calculate Your Monthly Mortgage Payment
Just starting to shop for a new home? Do you want to know how to figure what your monthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculators on the web you can use free of charge (click here for an example of one). All you need to know is the mortgage amount, sale price less the down payment, interest rate (also easy to access on the web), and the number of years you wish to finance your new home, usually 30 years (360 months) is the maximum term. Simply input those numbers into the mortgage calculator and voila you have your monthly payment calculated for you. Can you see the advantage of knowing what your approximate monthly payment is going to be while your home shopping?
If you're thinking about refinancing your current mortgage loan a mortgage calculator can be a great tool for you. You'll need to know what your existing home loan balance is, a current mortgage loan interest rate, and the number of years you wish to refinance your home loan. Now pay attention to this for you could really help yourself with this information. Use the mortgage calculator to calculate the monthly payment and compare it to your current payment; if the new payment is less, you might consider refinancing your current mortgage loan. Better yet, take your existing home loan balance and add your credit card and / or other debt balances together then calculate a payment and compare this payment to your current home loan, credit card, and / or other debt payments. The new payment may be hundreds of dollars per month less. Again, you might consider refinancing your current mortgage loan and pay off some of your other debts too. Please consult a mortgage professional for all your mortgage needs.
Author Marc Sisk; Marc has been originating all types of mortgage loans since 1998. His web site's title is Mortgage Calculator | Refinancing Home Loan | Mortgage Lender. By being an affiliate branch of a large mortgage lender Marc is able to originate mortgage loans in most of the United States, visit his web page to see if we're licensed in your state.
This article may be reprinted or reused please email me a link to the posted page of this article.
MORE RESOURCES updated Tue. June / 06 / 2023
It May Cost More to Refinance a Mortgage Than You Think Yahoo Finance
The Great Pandemic Mortgage Refinance Boom - Liberty Street Economics Liberty Street Economics -
UK mortgage borrowers face painful refinancing, warns think-tank Financial Times
Compare Today’s Refinance Rates | U.S. U.S News & World Report Money
How to get a low-cost mortgage refinance Yahoo Finance
What is mortgage refinancing and how does it work? Yahoo Finance
No Regrets Getting An ARM Despite Higher Mortgage Rates Financial Samurai
Fixed rate cliff spurs record mortgage refinancing MacroBusiness
Refinancing your mortgage could save you thousands — here are some of the best refinance lenders - CNBC
Refinancing your mortgage could save you thousands — here are some of the best refinance lenders CNBC
How does mortgage refinancing work? CBS News
Should I Refinance My Mortgage? - Buy Side from WSJ The Wall Street Journal
Here’s how sharply mortgage refinancing has dropped off Yahoo Finance
Today's Mortgage, Refinance Rates: May 29, 2023 | Rates Still High Business Insider
CFPB Launches Effort to Spur New Opportunities for Homeowners ... - Consumer Financial Protection Bureau
CFPB Launches Effort to Spur New Opportunities for Homeowners ... Consumer Financial Protection Bureau
Today’s 30-year mortgage refinance rates hit lowest levels in 15 days | Oct. 28, 2022 - Fox Business
Analysis | It Will Pay to Wait to Refinance Your UK Mortgage The Washington Post
Why Older People Can’t Get New Mortgages The New York Times
Should you refinance your mortgage to pay off debt? New York Post
VA refinance rates - current VA loan refinance rates today Business Insider
Small Business Loan Refinance Bankrate.com
Current 15-year refinance rates today Business Insider
Refinance Closing: An Overview Zing! Blog by Quicken Loans
What Credit Score Is Needed To Refinance a House | Chase Chase News & Stories
Compare Current 30-year Refinance Rates Business Insider
7 Refinancing Programs for Seniors Total Mortgage
Today’s mortgage refinance rates: 10- and 15-year rates hold steady | September 20, 2022 - Fox Business
Today’s mortgage refinance rates: 10- and 15-year rates hold steady | September 20, 2022 Fox Business
Understanding A No-Appraisal Refinance Zing! Blog by Quicken Loans