Payment, refinance, recast, affordability and payoff tools for home loans.
Estimate your monthly mortgage payment (principal, interest, taxes, insurance and PMI) and total interest over the life of the loan.
Compare your current mortgage with a new loan, see your monthly savings, and find the break-even month where the refinance pays for its closing costs.
See how a lump-sum principal payment lowers your monthly mortgage payment when you recast, keeping the same rate and remaining term.
Estimate the home price you can afford using the 28/36 debt-to-income rule, based on your income, debts, down payment and rate.
A recast lets you make a lump-sum payment and lower your monthly mortgage — without refinancing. Here's how it works, what it costs, and when it makes sense.
Both put more money toward your mortgage, but a recast lowers your payment while a refinance changes your rate. Here's how to decide.
Refinancing can lower your payment — but only if you stay past the break-even point. Here's how to run the numbers.
Amortization is why your early mortgage payments are almost all interest. Here's the formula and what it means for paying off a loan.
Your mortgage payment is more than principal and interest. PITI adds taxes and insurance — and lenders use it to decide what you can afford.
The 28/36 rule is the fastest way to estimate your home budget. Here's how it works and how to raise your limit.