Helpful Calculators & Tools
Free Real Estate Calculators
You need to understand all the details of your mortgage, so we’d like to share our free real estate calculators, tools that can help determine every component related to the cost of home ownership…
Discount Points Mortgage Calculator
Discount points, also known as “mortgage points,” are fees borrowers pay directly to lenders at closing in exchange for reduced interest rates. One point equals one percent of the total mortgage cost. With this tool, you can see how much money you could save by “purchasing” points from your lender.
Mortgage Loan APR Calculator
An annual percentage rate (APR) is a much broader measure of your cost to borrow money from a mortgage lender. In general, an APR reflects the loan’s interest rate, any discount points, mortgage broker’s fees and other charges attached to the loan. Our APR calculator can help you calculate the annual percentage rate on your home loan.
Buying vs Renting Calculator
Many people who currently rent their home do not realize that ownership is likely comparable to their monthly rent payments. Our buying vs renting calculator can help determine if you are financially better off (both in the short and longterm) buying property versus renting.
Home Appreciation Calculator
“Appreciation” is the increase in a home’s value over time. Home appreciation is calculated based on the market value of comparable homes for sale in your area. Our home appreciation calculator can help determine equity, net appreciation, and your return on initial investment based on a host of real estate trends in your location.
Home & Mortgage
At Home & Mortgage, we want to help you be fully informed about the mortgage-lending process. After all, buying a home is a long-term, significant investment. If you would like to discuss the results gathered using our real estate calculators, or if you would like our assistance translating data into a usable plan-of-action, contact us to schedule a telephone or in-person meeting.