Buy a House Project

The resources below are part of the Buy a House Project which you can find here.

Owning vs Renting a Home

Learn About Mortgage Basics

What are Mortgages?

Mortgage Calculator

A mortgage calculator is a useful tool that helps you estimate how much your monthly mortgage payment will be when buying a home. It takes into account the loan amount, interest rate, loan term, and down payment to give you a clear picture of what you can afford. Understanding how to use a mortgage calculator is important because it allows you to:

Plan your budget effectively.
Compare different mortgage options.
Make informed decisions about buying a home.

Mortgage Payment Calculator

15 vs. 30 Year

Use the Mortgage Payment Calculator on the right to determine the monthly payment for 15 vs 30 year. Please note that amounts are rounded to the nearest dollar.

You may also click here to access a different calculator which does not round the amounts.

myFICO Loan Calculator

Your credit score plays a major role in how much you pay for loans, such as for a car, home, or personal expenses. Higher credit scores often mean lower interest rates, which can save you thousands of dollars over the life of a loan.
https://www.myfico.com/credit-education/calculators/loan-savings-calculator/