Sunday October 5, 2003
 
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Calculators

Should I Refinance?
How long will it take to break even on a mortgage refinance? That depends on a multitude of factors. These factors include your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home.
Is buying a home better than paying rent?
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.
 
Should I Make Additional Payments?
 

How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. View this calculator to see a complete amortization payment schedule, and how much you can save on your mortgage!
 
Should I Pay Points?

Should you pay points? Paying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment.
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