## Mortgage Calculators

**DEBT TO INCOME RATIO:** The Debt to Income Ratio Calculator is a very useful financial calculator that will allow you to input your monthly debt and your monthly income and provide you with a debt to income ratio. The debt to income ratio is commonly used by lenders (especially mortgage lenders) when they underwrite loans and attempt to determine how risky a borrower is to lend money to. Learning how to calculate the debt to income ratio is a smart move when attempting to get a home loan or a home equity line of credit. Be sure and use this online debt to income calculator in conjunction with our monthly payment calculator, mortgage payment calculator, and our home equity loan calculator.

**MORTGAGE PAYMENT:** The Mortgage Payment Calculator will calculate mortgage payments for any mortgage if you enter in the total mortgage amount, the mortgage payback period (15 years, 30 years, etc.), and the mortgage interest rate.

**MONTHLY PAYMENT:** The Monthly Payment Calculator will calculate the monthly payment for any loan if you enter in the total loan amount, the number of months to pay off the loan, and the loan annual interest rate.

**LOAN PAYMENT: **This calculator will calculate the loan payment.

**INTEREST ONLY:** The Interest Only Mortgage Calculator will calculate the mortgage payment for an interest only loan if you enter in the mortgage amount and the mortgage interest rate. An interest only mortgage is a type of mortgage where the mortgage payment is comprised 100% of interest and no principal.

**REVERSE MORTAGE:** The Reverse Mortgage Calculator will calculate exactly how much your mortgage balance will be after utilizing a reverse mortgage. Simply enter in the lump sum reverse mortgage advance payment received, the number of years to receive reverse mortgage payments, the reverse mortgage interest rate, and the reverse mortgage monthly payment received (not including the initial reverse mortgage advance payment received).

**AMORITIZATION: **This calculator will calculate loan amortizations.

**AMORITZATION SCHEDULE CALCULATOR: **

**MORTGAGE POINTS:** The Mortgage Points Calculator will calculate just how much your mortgage points actually cost you in dollars. Each mortgage point is equivalent to 1% of your total loan balance. Sometimes it can be confusing to try and figure out how much mortgage points will actually cost you in real dollar terms so this Mortgage Points Calculator will let you instantly convert mortgage points to dollars if you just enter in your total loan amount and the number of mortgage points.

**HOME EQUITY:** The Home Equity Loan Calculator will calculate the home equity loan limit for your house.

**LOAN TO VALUE:** The Loan to Value Ratio Calculator is a financial calculator that will instantly calculate the loan to value (LTV) ratio of any property if you enter in the mortgage amount and the property value. The loan to value calculation is an important financial calculation that is done by homeowners and lenders to determine if the homeowners has enough equity in their home to qualify for certain mortgage interest rates (the higher the equity the better the interest rates) when refinancing. Enter the current appraised value or fair market value of the property in the property value field and then enter in the total mortgage amount on the property in the mortgage amount field to calculate the loan to value ratio. The lower the loan to value ratio then the better for the homeowner because the loan is generally considered less risky. The higher the loan to value ratio then the more risky a loan is considered to be.