Loan Cost--You enter the interest rate of your loan,
the points and costs and the loan amount. It figures the
rest.
Balloon Mortgage
Calculator--These days 5/25 and 7/23 convertible balloon
mortgages are getting more popular since they provide lower
rates than conventional 30 year mortgages while still giving a
fixed payment schedule for 5 or more years. The risk, of
course, is what happens after the initial fixed period is over
and you have the possibility of converting your loan. Here is
a calculator, so try to answer those questions...
Loan Calculator--Here you tell how much you want to spend
each month, an interest rate and a loan amount, and the
computer tells you how long it will take you to pay it
off!
Compound
Interest--This
calculator simply takes the final amount you want to earn
given an initial investment for a duration of time, and finds
the required annual yield you would need to achieve that
goal.
Mortgage Qualification
Income--The
calculator will try to calculate what kind of income lenders
will expect you to be making to qualify for the specific
values. Property tax and home insurance numbers vary greatly
by region and construction type.
Nominal and Effective Interest
Rates--Calculate what rates are necessary to achieve a
desired future value amount given a present value amount and
the time period over which to compound your
investment.