To use this Enhanced Mortgage Calculator, start by entering the basic required information: property price, down payment, interest rate, and loan term. Optional fields that provide more detailed results but are not necessary for a basic calculation include property tax, home insurance, HOA fees, annual income, monthly debts, and extra monthly payments. The calculator also offers advanced features like refinance analysis and rent vs. buy comparison, which require additional optional inputs. After filling in the desired fields, click the "Calculate" button to generate results. The calculator will then display your monthly payment, total loan amount, total interest, and other relevant financial details based on the information provided.
Monthly Payment:
Total Loan Amount:
Total Interest:
LTV Ratio:
Affordability:
New Loan Term:
Interest Saved:
Annual Tax Savings:
Monthly Savings:
Break-even Point (months):
Expense | Renting | Buying |
---|---|---|
Monthly Payment | ||
Property Tax | - | |
Home Insurance | - | |
HOA Fees | - | |
Maintenance | - | |
Total Monthly |