Mortgage Calculators
Make smarter home financing decisions with our powerful mortgage calculator tools. Our suite of calculators gives you the exact numbers you need to compare loan options and find the best mortgage for your situation. These mortgage payment calculator tools provide clear insights into different loan scenarios, helping you save money and secure better terms.
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Our Mortgage Calculators
Our mortgage calculators give you financial information that empowers you to make confident home-buying decisions. Each calculator provides actionable data tailored to your needs, from our standard mortgage loan calculator to specialized tools for specific financing scenarios. See how our housing calculator options can support your home financing strategy and potentially save you money.
DSCR Calculator
Use our DSCR calculator to determine if your investment property can generate enough income from rent payments to cover your mortgage. This tool for real estate investors helps you calculate the debt service coverage ratio, which lenders use to evaluate investment property loans. Simply input your property’s monthly income and expenses to see if you qualify.
VA Loan Calculator
Military service members and veterans can use our VA loan calculator to understand the benefits of these government-backed home loans. This specialized mortgage calculator shows how VA loans can eliminate the need for a down payment and private mortgage insurance. You can also use the VA loan calculator to see if now is a good time to refinance your existing loan.
2/1 Buydown Calculator
Looking to reduce your initial mortgage payments? Our 2/1 buydown calculator shows you how much you can save in the first two years of your loan. This temporary interest rate reduction can make homeownership more affordable during the critical early years. Input your loan amount to see how a buydown could impact your monthly payments.
Debt Consolidation Calculator
Take control of your finances with our debt consolidation calculator. This tool helps you see how consolidating high-interest debts into a mortgage might lower your monthly obligations. Enter your current debts and mortgage details to visualize potential savings and decide if consolidation makes sense for you.
Bank Statement Loan Calculator
Self-employed borrowers can use our bank statement loan calculator to estimate loan amounts based on bank deposits rather than tax returns. This alternative qualification method can help entrepreneurs and business owners who might not show sufficient income on tax documents. Enter your average monthly deposits to see what you might qualify for.
Blended Rate Calculator
Considering combining loans or adding a second mortgage? Our blended rate calculator helps you determine the effective interest rate when combining multiple loans. This tool is perfect for homeowners looking at renovation loans or considering keeping their existing mortgage while adding another. Enter both loan details to see your combined rate.
VA Loan Affordability Calculator
As a VA-eligible veteran, you can find out what home price fits your budget with our home affordability calculator. This essential tool considers your income (including BAH), debts, VA funding fee (if applicable), and down payment to suggest an appropriate price range. Enter your financial details to get a realistic picture of what homes you should look at in the market.
Mortgage Payoff Calculator
Want to own your home sooner? Our mortgage payoff calculator shows how making extra payments can shorten your loan term, which helps you save on interest. With this tool, you can visualize different payment strategies and their impact on your mortgage timeline. Input your current mortgage details to see how even small extra payments can help you save and determine when your mortgage will be paid in full.
Biweekly Mortgage Calculator
Our biweekly mortgage calculator demonstrates how splitting your monthly payment into two smaller biweekly payments can help you pay off your loan faster. This simple change to your payment schedule can save thousands in interest over the life of your mortgage. Enter your loan information to see the potential long-term benefits of biweekly payments.
Rent vs Buy Calculator
Not sure whether to keep renting or take the plunge into homeownership? Our rent vs. buy calculator compares the financial impact of both options over time. This tool accounts for mortgage payments, tax benefits, property appreciation, and rental increases. Input your current rent and potential purchase details to see which option is best for you.
Frequently Asked Questions
Using a mortgage calculator is simple: just enter the requested information about your loan details and financial situation. For a basic mortgage calculator, you’ll typically need the loan amount, interest rate, and term.
Our specialized calculators may ask for additional details specific to that loan type. The results will show estimated monthly payments and other relevant figures to help you understand your mortgage options.
Choosing the right mortgage calculator depends on your specific situation and your questions. For instance, first-time homebuyers might start with the home affordability calculator to determine their price range and then use the standard mortgage calculator to estimate monthly payments.
Meanwhile, if you’re looking to save money, you might try the debt consolidation calculator to reduce debt payments or the biweekly mortgage calculator to see how changing your payment schedule could reduce your total interest.
Current homeowners will appreciate the mortgage payoff calculator for exploring early payoff strategies or the blended rate calculator when considering a second mortgage.
At the same time, investors might use the DSCR calculator to determine if rental income will cover expenses and help them qualify for financing.
If you’re still unsure which calculator best fits your needs, start with your primary financial goal (lowering payments, paying off faster, qualifying with unique circumstances) and select the calculator that addresses that specific concern.
We offer many resources to help you understand mortgages beyond what calculators can show. Check out our blog for articles on different loan types, mortgage strategies, and market trends. For personalized guidance, you can also speak with our loan experts or use the Griffin Gold app to track your mortgage journey from application to closing.