Mortgage Calculators
Due to the complexity of loan programs and the changing of rates on a daily basis, there's no better way to determine your monthly payments than to Contact Steve Becker Today; however, if you'd like to play around with calculations yourself, please enjoy the calculators below:
General Mortgage Calculator
Set the sale price of the home, percent or dollar amount placed as a downpayment, the term of the loan, and of course the interest rate and this calculator will output the dollar amount financed, the monthly payment and annual cost of the loan.
Owning vs. Renting Calculator
This is a detailed calculator that factors costs such as Homeowner's Association Fees, Annual Property Taxes, and Home Maintenace Costs and after adjusting for Annual Mortgage Tax Reductions, compares the annual cost of owning your dream home vs. renting.
Qualifying Ratios
Using factors such as your Combined Household Monthly Gross Income, Auto Loan Payment, and other debt, this calculator will give first time borrowers a general idea of where they need to be inorder to qualify for a loan that meets their needs.