MORTGAGE REPAYMENT CALCULATOR
Repaying your mortgage does not have to be stressful! There are several different Mortgage Repayment Calculator options available to you to help ensure you are in total control of your mortgage & not the other way around….having your mortgage control you….
Refinance Calculators
Folks who are weighing the option of refinancing want to know whether the financial gain from a lower interest rate more than offsets the refinance costs; whether the cost of refinancing an ARM (Adjustable Rate Mortgage) into a Fixed Rate Mortgage (FRM) is justified by the reduction in risk and whether paying down the loan balance in order to lower the refinance cost is a good investment; and whether it pays to consolidate short-term debt into a refinance.
Mortgage Payoff Calculators
A mortgage payoff calculator is useful to learn how different extra payments will affect the payoff date and the total amount of interest you will have to pay. Keep in mind that most mortgage payments are paying interest in arrears, so a mortgage payoff will always include interest up to the date of expected payoff.
Mortgage Payment Calculators
Mortgage holders use mortgage payment calculators to find the payments on Fixed Rate Mortgages (FRMs) and Adjustable Rate Mortgages (ARMs) of different types. This becomes especially handy with varying payments of option ARMs or with temporary buydowns. Feel free to use this Mortgage Payment Calculator to help figure out if your payment is accurate, or what payment you are comfortable with.
Amortization Calculators
Amortization calculator monitor the progress in paying down your mortgage balance over time. This calculator also allows you to see the increasing equity over time and see how the process would be affected by extra monthly payments or biweekly payments.
Using the MORTGAGE REPAYMENT CALCULATOR options available to you will ensure that you are always in full control of your mortgage, instead of your mortgage controlling you.
FOR MORE INFORMATION CONTACT STEVE MANCILLA, CERTIFIED MORTGAGE PLANNER; 619-453-0954 Steve@REofCA.com / www.SDHOMEMAP.com


1 Comment
Patrick Hale, February 24, 2012 at 7:43 am
I used the mortgage repayment calculator on here and have sent it to all my clients. Cool widget Steve.