Calculators

Loan Types

Payments

Mortgage Payment Calculator
Displays your mortgage payment and amortization schedule for the term of your loan.
Monthly Mortgage Payment Calculator
Calculates how much interest you save by prepaying the principal on your loan.
Interest Only Payment Calculator
Computes the monthly savings for an Interest Only payment loan. What is an Interest Only Loan?
Payment Option ARM Calculator
Before you use the Option ARM calculator, you need to familiarize yourself with how the two main parts of an adjustable rate loan work-the margin and the index. Please read over the fixed vs. adjustable tab on the main menu so that you can efficiently use the Option ARM calculator.
Shows you the monthly payments for an Option ARM, also called a Negative Amortized ARM loan. What is an Option ARM Loan?

Purchase

Rent Vs. Buy Calculator
Allows you to compare the costs of renting a residence versus buying a home.
Mortgage Qualification Calculator
Calculates the maximum purchase price. You can either plug in your actual income, (wage earners would use the highest figure 2 yr average from W-2's, self employed last 2 yr average from net income from 1040), or you can also plug in stated income figures as well.
Stated Income, No Ratio and no income loans, NINA's, offer looser guidelines when estimating income! Click on the above links to learn more or go to the main menu.

Refinance

Refinance Calculator
Helps you determine if you will benefit by refinancing. This is only a rule of thumb! There are many other times where it does make sense to obtain a new loan. Call me for details!! Kevin Walton, Cell 805-276-1942.

Debt Consolidation Calculator
Shows you how a refinance can reduce your monthly payments.

Other

Give me a call if you have any other questions or click here to apply on-line!

Kevin Walton

Cell: 805-276-1942