Loan & Mortgage Calculator
Calculate mortgage payments, loan amortization, refinance savings and auto loan costs instantly.
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Whether you are buying your first home, refinancing an existing mortgage or financing a car, these calculators give you the numbers you need. See your monthly payment, total interest over the life of the loan, how much house you can afford on your income, and whether refinancing makes financial sense after closing costs.
Frequently asked questions
At 6.5% for 30 years, the monthly P&I payment is about $1,896. At 7%, it rises to $1,996. Use the mortgage payment calculator to see exact numbers for your rate and term.
Refinancing makes sense when the monthly savings outweigh the closing costs within your planned time in the home. Use the refinance calculator to find your break-even point in months.
48-60 months balances affordable payments with reasonable total interest. Longer terms (72-84 months) reduce payments but cost thousands more in interest and risk being underwater on the loan.
Using the 28/36 rule with no other debts, about $350,000-400,000 depending on interest rate, down payment and property taxes. The affordability calculator gives a personalized estimate.
Amortization is how each payment splits between principal and interest. Early in a loan, most goes to interest. Understanding this helps you see the impact of extra payments and decide on loan terms.
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