What is a Mortgage Calculator?
A mortgage calculator, also known as a mortgage payment calculator is a financial tool used to determine what your estimated mortgage payment will be and is based on certain variables such as home value, loan amount, interest rate...etc.
Who should use our Mortgage Calculator?
This mortgage calculator can be used by real estate professionals as well as potential home buyers. Once a mortgage financing agreement is in place, the mortgage payment calculator may still be utilized by the borrower to determine the impact that a change in interest rate may have on the mortgage payment amount.