Mortgage Calculators

While buying a home or refinancing by mortgage, one can have a number of questions and queries like "Do I qualify for the loan amount I require?" or "Is it better to buy or rent?" or "What would be the amount of interest I would pay at the end of the term?".
To help the borrower get answers to these questions and hence help him choose the best loan type for himself, various calculators of all types are available on the Internet.

Here are some those are commonly required :

Mortgage Loan Payment Calculator
Helps calculate the monthly installment for a given amount for a given term.

Mortgage Qualifier
Helps you to know whether you qualify for the loan amount you are looking at. It helps to know the amount, which can be borrowed for a particular monthly earning.

Rent vs. Buy Calculator
One should always decide whether it would be convenient to buy a house or rent one. Various factors like the monthly installment; fees, taxes etc should be considered to take this decision. This calculator helps to compare between renting and buying hence helping in taking the right decision.

Mortgage comparison: 15 years vs. 30 years
Helps decide which term would be best for your income.

Many other calculators are available for various types of comparison and calculations of mortgages. It is best to surf the net and clear doubts before opting for a  specific type of loan.