Should I use HELOC to Lower My Debt Payments?

Use this calculator to see how you can slash your current monthly debt payments by using money from your HELOC (Home Equity Line Of Credit). You'll likely pay more using a HELOC rather than simply paying your debts outright, but if you can’t afford to pay off your debts quickly then you can at least take advantage of its tax advantages and improved monthly cash flow.

How Much Income do I Need in Order to Qualify?

The American dream remains to own your own home; however, with real estate values growing ever higher you must exercise financial care when house- and mortgage-hunting. This calculator will help you to determine how much money you must make in order to qualify for and purchase your dream home.

What is Better: take a Second Loan or Pay PMI?

Use this calculator to weigh the advantages and options of taking a second mortgage and lowering your PMI all the way down to zero.

Standard vs. Bi-Weekly

Use this calculator to determine the amount of money and payment term length that you could save by making bi-weekly instead of standard monthly payments. Similar to the Mortgage Length Calculator, it also uses your tax rate to compute your total savings and benefits over the life of the loan.

Rent vs. Buy

The typical renter will wonder at some point whether money isn’t being thrown down the drain by not owning a home. Use this calculator to help determine whether renting or buying is the best financial move to make.

Which Loan is Better?

To find the best loan package you might have to compare several lenders' offers in order to decide which is best for you. This calculator allows loan numbers to be displayed side-by-side for direct comparison so that you can zero in on the best deal.

Canadian Mortgage Calculator

This calculator can be used to determine the monthly payments of Canadian mortgages, which compound interest semi-annually. It will also calculate the required annual income that's necessary for Canadian homebuyers to have in order to qualify for financing.

Interests-Only with Additional Payments Calculator

Similar to the Interest-Only Calculator, this calculator can be used to determine the monthly payments of an interest-only mortgage loan. In addition, it will compute the effects that an additional monthly payment amount will have on interest savings and home equity over the life of the loan.

Interests-Only Calculator

Use this calculator to determine the monthly payments of an interest-only mortgage loan. Remember, the Total Payments field at the bottom of the calculator represents only the amount of interest that has been paid over the life of the loan; the full balance of the principal, therefore, remains unpaid.

Debt Consolidation

With most American households deep in debt, its no wonder that people are searching for ways to ease their financial burdens. As a direct result of this, the business of Debt Consolidation has itself become a multi-million dollar industry.