This is the ultimate mortgage education, analysis, and comparison tool. It was created in order to aid borrowers in making more informed financial decisions relating to their mortgage. With so many customization options, this is the only mortgage analysis tool you will ever need! Use it to do things like:
Get an idea of the break-even (number of years) on an Adjustable Rate Mortgage versus a standard Fixed Rate Mortgage.
Assess how putting a little more toward your mortgage each month or a lump sum, such as a bonus or inheritence, can impact how quickly you build equity, while also reducing interest paid over the life of your loan.
Come up with a numbers-based strategy for building wealth through real estate. Get into homeownership sooner, pay off your mortgage faster, and make smarter real estate decisions.
Minimum Monthly Payment (Principal & Interest; does not include Taxes or Insurance): $3597.30