When searching for the right mortgage loan program, using all the available online mortgage resources to your advantage can save you a great deal of time and money. East West Mortgage offers a variety of online mortgage calculators, each designed with your needs in mind. When it comes to shopping for a home, knowing all you can about your affordability and having a good idea about your financial future will save you from the normal frustrations and surprises that often comes with home buying. A mortgage calculator is essentially an automated tool that enables the user to quickly determine the financial implications of changes in one or more variables in a mortgage financing arrangement. The major variables include loan principal balance, periodic interest rate compound interest, number of payments per year, total number of payments and the regular payment amount.
We have quite a few mortgage calculators available, including:
Mortgage Qualifier |
This type of calculator helps you know the amount of income required to service a desired loan at a specific rate of interest over a given number of years. Such mortgage calculators also take into account other monthly payments such as credit card, auto loan etc. when calculating your loan payment and total monthly payments if you take a loan. |
Should I Refinance? |
This tool helps you assess the assured cost savings incase you consider a refinance. This mortgage calculator takes into consideration factors such as: remaining interest on a mortgage, value of a new loan, monthly mortgage payments and interest on a new mortgage. |
Mortgage Comparison Calculator |
This type of calculator helps you compare two terms of mortgage. |
Fixed Mortgage Loan Calculator |
This effective tool helps you determine your monthly and annual loan payments for a desired loan value at a specific rate and for a given number of years to help you decide if such a loan is favorable. This calculator also provides information with regard to the impact on your loan amount if you intend to make prepayments. |
Rent versus Buy Calculator |
Determine which option is more advantageous to you with this calculator |
Reverse Mortgage Calculator |
Estimate on the loan advances you may be able to get from this calculator. |
To use these calculators, simply click here to visit our mortgage calculators page and get started! User-friendly structure easily allows users to navigate within calculators and change variables. Call us at 1-800-880-4202 to get started on your mortgage loan process today!
