This tool helps you determine which of two mortgage loans is the better deal. The loans may both be fixed- or adjustable-rate (ARMs) loans.
The first step in buying a home is determining your budget. Use this interactive calculator to find out how much you can afford. Start by adjusting the entry fields on the right and the calculator will automatically update. Click the plus icon or hover over the chart to see the details of your mortgage and payment. Click “Amortization” in the view bar for a complete monthly schedule of your mortgage payments.