DETAILED MORTGAGE CALCULATOR
Mortgage Calculator.org
Home Value: $
Loan amount: $
Interest rate: %
Loan term: years
Start date:
Property tax: %
PMI: %
Output parameters »
 

 
FULL LIST OF SERVICES
  • FHA / VA Loans
  • Purchase
  • Refinance
  • Home Equity Loans
  • 100% Financing/Zero Down
  • Construction Loans
  • Lot Loans
  • Manufactured Home Loans
  • Debt Consolidation
  • Home Improvement
  • Less Than Perfect Credit Programs
  • Debt Acceleration
CONFORMING LOANS

FIXED: 30yr, 25yr, 20yr, 15yr, 10yr

Fixed Rate: a loan with one set interest rate for the entire term of the loan.

ARM: 1yr, 3yr, 5yr, 7yr, 10yr

Adjustable Rate Mortgage: Rates are fixed for 1-3-5-7 years. Rate will adjust according to current rates after your 1-3-5-7 years is up.

* 3/1 - Rate fixed for 3 years and still have loan, loan will adjust according to rates. Rate can go up 2% per year with a lifetime cap of 6%.

* 5/1 - Rate fixed for 5 years and still have loan, loan will adjust according to rates. Rate can go up 2% per year with a lifetime cap of 5%.

* 7/1 - Rate can go up 5% first year and 2% annual cap after that with a lifetime cap of 5%

BALLOON: 7/23, 5/25

Conforming Loans: loans that do not exceed the maximum loan amount and LTV limitations established by FNMA or FHLMC.

Balloon: Rate is fixed for 7 years at end of the period, you have the choice to either refinance the balance or extend your loan for 23 years at a margin of 1/2%
* Rate is extended for a one time fee of $350

GOVERNMENT LOANS
Fixed rates available on both FHA and VA programs for 30, 25, 20 & 15 year loans.

ARM products are as follows:
FHA: 1year ARM  
VA: 1year and 3/1 ARM loan available

NON-CONFORMING LOANS

FIXED: 30yr, 15yr
ARM: 2/28, 3/27
 

**2/28 and 3/27 loans are fixed for the 2 or 3 year period and adjust per market conditions every 6 months for the remaining life of the 30 year term of the mortgage.

**Pre-payment penalties apply according to individual state specific rules and regulations.

 

SIMPLE MORTGAGE CALCULATOR

G51 Group is NOT a Consumer Credit Counseling service, Debt Consolidation Company, lender, investment adviser, Certified Financial Planning Service, Certified Public Accounting Service, or a member of any real estate organization. Although many of it’s affiliates and/or members are licensed and/or certified in these areas, the information discussed on this web site should be considered general information only and not specific to any person and/or party. G51 Group does not directly provide accounting, tax, legal, real-estate,  or investment advice. Any person and/or party interested in specific advice should seek and consult with persons or entities licensed in his/her state and qualified in those areas for advice relating specifically to those matters.

 

 

  

 

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