This calculator shows the costs and benefits of paying points to reduce the rate on an ARM, and the minimum period they must hold an ARM before it makes sense to pay additional points (the “break-even period”). This calculator is for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an ARM.

This calculator shows the costs and benefits of paying points to reduce the rate on a fixed-rate mortgage, and the minimum period a borrower must hold a fixed-rate mortgage before it makes sense to pay additional points (the “break-even period”). This calculator is for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an FRM.

This calculator compares the total cost of two fixed-rate purchase mortgages over a specified future period. It allows upfront costs to be financed, and an optional interest-only period at the beginning. This calculator is for borrowers trying to decide which of two fixed-rate mortgages they should select based on the lowest total cost over a specified future period.

This calculator compares the total cost of a new adjustable rate mortgage with that of a new fixed-rate mortgage, over a specified future period. This calculator is for borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest cost over a specified future period.

This calculator provides amortization schedules for biweekly payment mortgages, with or without additional payments, where the payments are applied monthly.