Our collection of mortgage and home refinancing calculators.


Buying a home may be the single largest purchase you will make in your lifetime. And since most of us will borrow money to help pay for the home, it is an extremely important financial decision too. One that might influence our lifestyle for fifteen to thirty years.

While the flexibility lenders offer homebuyers might be to the consumer’s benefit, the large array of offerings – conventional, fixed rate, adjustable rate, jumbo, balloon, VA, and USDA loans – can add to the confusion.  For those looking to refinance their home, the choices might also include cash-out, rate-and-term, and cash-in variations too.


Given the commitment you will make to a home purchase, or the money borrowed to refinance a home, spending some time calculating monthly payments under different scenarios is a good idea. For example, a thirty-year mortgage will result in lower monthly payments, but you will be making twice as many payments as a fifteen-year loan. And while the amount of principal repaid might be the same, the interest on the loan will likely be a lot higher on the thirty-year loan.

That is where crunching the numbers can help a homebuyer to quantify the impact of each choice.  Our mortgage and refinancing calculators can also provide insights into a variety of repayment scenarios – such as making an extra payment periodically to shorten the life of the loan.

mortgage and refinancing

Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?

Barbara Corcoran, American businesswoman