Loan
Cost--You enter the
interest rate of your loan, the points and costs and the loan
amount. It figures the rest.
Balloon Mortgage Calculator--These days 5/25 and 7/23
convertible balloon mortgages are getting more popular since they
provide lower rates than conventional 30 year mortgages while still
giving a fixed payment schedule for 5 or more years. The risk, of
course, is what happens after the initial fixed period is over and
you have the possibility of converting your loan. Here is a
calculator, so try to answer those questions...
Loan
Calculator--Here you tell how much you want to spend each month, an
interest rate and a loan amount, and the computer tells you how long
it will take you to pay it off!
Compound Interest--This calculator simply takes the final amount
you want to earn given an initial investment for a duration of time,
and finds the required annual yield you would need to achieve that
goal.
Mortgage Qualification Income--The calculator will try to
calculate what kind of income lenders will expect you to be making
to qualify for the specific values. Property tax and home insurance
numbers vary greatly by region and construction type.
Nominal and Effective Interest Rates--Calculate what rates are
necessary to achieve a desired future value amount given a present
value amount and the time period over which to compound your
investment.
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