How to Use a Mortgage Loan Calculator

How to Use a Online Mortgage Loan Calculator - Drew Mortgage

Mortgage calculator will help you make an informed decision, compare various options, and understand what are your financial liabilities. It will also simplify the process of comparing various mortgage loans and choosing the right option.

This presentation will cover how to properly use a mortgage loan calculator.

Below, we’ve listed the four most important variables in a mortgage loan calculator. If you don’t know what to type in for one of these variables, don’t worry – you can actually figure it out if you know the other three:

Term Loan Amount Payment Interest Rate

Drew’s Different Types of Mortgage Calculator PURCHASING

GO

REFINANCING

PAYMENTS

GO

GO

– Purchasing A purchasing calculator will help you determine the estimated monthly installment (EMI) you’ll be paying.

– Refinancing The refinance calculator helps you measure your refinance options, i.e. the amount of money you can save by opening a new loan and closing a previous one.

– Payments This is a crucial calculator that helps you determine the total amount of money you’ll have to earn to take care of loan expenses.

These convenient online mortgage calculators can compare various mortgage options and give you a reasonable estimate about your future financial obligations. Drew Mortgage offers an array of services, including mortgage consulting, processing, and underwriting.

APPLY NOW