MORTGAGE CALCULATOR | Josh Jelsing Loans

Calculators

Disclaimer:

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Mortgage Calculator

Use our mortgage calculator to help you estimate your monthly payments and what you can afford. Buying a house is the largest investment of your lifetime, and preparation is key. With our home loan calculator, you can play around with the numbers including the loan amount, down payment, and interest rate to see how different factors affect your payment.

Rent or Buy Calculator

This calculator will help you to compare the costs of renting to the costs of buying a property. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Home Affordability

If you are wondering the how much you can spend on a house, this home affordability calculator will provide you with a great place to start. Our smart tool can help you to answer the question: “How much home can I afford?” or “what house can I afford?”. Another question you might ask is “how much mortgage can I qualify for?”

If you are considering buying a new home, but you are not sure what price you can afford, our house affordability calculator will help you figure out what your future home could potentially be.

APR Calculator

This calculator estimates the Annual Percentage Rate (APR) for a given loan based on its parameters. In addition to its interest rate, we must also take into account the loan's origination fee, discount points, and all other loan fees in order to calculate the APR of the loan.

Mortgage loan fees normally include Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees. We must also consider prepaid interest. This calculator assumes 15 days of prepaid interest for the purpose of calculating the APR.

Interest Only

This interest-only mortgage calculator is a tool that will help you find the monthly payment if you were to take out this specific type of mortgage loan. The result shows you the amount of interest you have to pay.

The interest-only mortgage payment calculator can be used on different types of interest-only loans or to calculate your interest value on other loans or mortgages.

Calculators

Disclaimer:

​

OUR MISSION