Mortgage Calculators

A mortgage quote is one number hiding six. The rate you are shown is not the payment, the payment is not the monthly cost, and the monthly cost is not what the house ends up costing you. These ten tools separate those layers.

Most people arrive at the mortgage calculator first, and it is the fullest tool on the site: principal and interest, property tax, insurance, HOA dues and private mortgage insurance, with a complete amortisation schedule underneath. That schedule is the part worth reading. On a thirty-year loan at 6.5%, the first payment is roughly 78% interest, and it takes about eighteen years before principal overtakes interest in a single payment.

Before the payment comes the ceiling. The affordability calculator works backwards from income, existing debts and a deposit to the price a 28/36 debt-to-income test will actually approve — usually a good deal less than the figure a portal suggests. The down payment calculator covers the cash side, including where the 20% PMI threshold sits, and the closing cost calculator itemises the fees that appear on a settlement statement and surprise first-time buyers.

For people who already own, home equity shows what you have built and how much of it a lender will actually lend against. For landlords, rental yield and property investment turn rent, price and costs into gross yield, net yield, cap rate and cash-on-cash return. And for the question that never has a clean answer, the rent vs buy calculator runs both scenarios across your real horizon and finds the break-even year.