Should You Consolidate Non-Mortgage Debt?

• Consolidation by Home Buyers: A mortgage calculator for those about to purchase a home who may want to consolidate non-mortgage debt in the purchase mortgage.
• Consolidation by Home Owners with One Mortgage: For borrowers with a first mortgage who may want to consolidate non-mortgage debt, either by refinancing the first mortgage with cash-out refinancing or by taking out a second mortgage.
• Consolidation by Home Owners with Two Mortgages: For borrowers with a first and second mortgage who want a calculator to explore a variety of consolidation options.

Should You Make Additional Payments to Principal?

• Term-Shortening and Interest-Savings on Biweekly Mortgages with Payments Applied Monthly: For borrowers who want a calculator do determine when their loan will pay off, and how much interest they will save, if they shift to a biweekly payment plan, and if they make extra voluntary payments in addition to their required monthly payment.
• Term-Shortening and Interest-Savings on Biweekly Mortgages with Payments Applied BiWeekly: For borrowers who want a calculator to find when their loan will pay off, and how much interest they will save, if they shift to a biweekly payment plan, and if they make extra voluntary payments in addition to their required biweekly payment.
• Extra Payments Required to Pay Off by a Certain Period: For borrowers who want a calculator to find out how much extra they must pay, above their required monthly payment, to pay off their loan within a specified period.

Should You Refinance Your Fixed-Rate Mortgage?

• Refinancing One Mortgage to Lower Costs: For borrowers trying to calculate whether refinancing a mortgage will reduce their costs.
• Refinancing Two Mortgages to Lower Costs: A mortgage refinancing calculator for borrowers with two mortgages trying to decide whether refinancing into one or two new mortgages will reduce their costs.
• Refinancing One Mortgage into Two Mortgages to Lower Costs: A calculator for borrowers trying to decide whether they should refinance one mortgage into two mortgages to lower costs.
• Refinancing to Raise Cash or Take Out a Second Mortgage: For borrowers with a mortgage who need to raise cash, trying to decide whether they should do a cash out refinance or take out a second mortgage.

When Will Your Mortgage Insurance Terminate?

• How Long Before Mortgage Insurance Terminates: For borrowers who want a calculator to know how long they will have to pay mortgage insurance premiums on their current mortgage.

Can You Afford a Particular House?

• Housing Affordability: For borrowers trying to figure out whether they can afford a given-priced house.

Should You Buy Now or Wait?

• Buy Now or Save First: A calculator for borrowers trying to decide whether they will be better off buying a home now with a small or no down payment, or saving for a down payment first and buying later.

How Many Points Should You Pay?

• The Costs and Benefits of Paying Points on Fixed-Rate Mortgages: A mortgage calculator for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an FRM.
• The Costs and Benefits of Paying Points on Adjustable-Rate Mortgages: For borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an ARM.
• Rate of Return From Investing in Points on Fixed-Rate Mortgages: For borrowers who want to know whether paying higher points to get a lower interest rate on an FRM is a good investment.
• Rate of Return From Investing in Points on Adjustable-Rate Mortgages: For borrowers who want to know whether paying higher points to get a lower interest rate on an ARM is a good investment.

How Large a Down Payment Should You Make?

• Rate of Return From Investing in a Larger Down Payment: For borrowers with enough cash to make a down payment in excess of the minimum required on a particular loan, who want to know whether using the cash to increase the down payment is a good investment.

Are Two Mortgages Less Costly Than One?

• Two Mortgages Versus One Larger Mortgage: For borrowers trying to decide whether they should take a second mortgage, either to avoid mortgage insurance or to avoid the higher interest rate on a jumbo as opposed to a conforming loan amount.

Should You Pay Mortgage Insurance?

• Pay for Mortgage Insurance or Pay a Higher Interest Rate: For borrowers trying to decide whether they should elect to pay mortgage insurance on a fixed-rate mortgage, or avoid mortgage insurance by paying a higher interest rate.

How Long of Term Should You Take?

• Rate of Return From Investing in a Shorter Term: A mortgage calculator for borrowers with sufficient income to afford the higher monthly payment on a shorter term FRM, who want to know whether the higher payment is a good investment.

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