The Best Mortgage Calculators On the Web! Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 15 vs. 30 Yr Mortgages
Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Definitions
- Mortgage amount
- Original or expected balance for your mortgage.
- Interest rate
- Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.
- Marginal tax rate
- This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.
- Monthly payment
- Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.
- Total payments
- Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
- Total interest
- Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't 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.
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First Coast Home Hunters Team of
All Real Estate Options, Inc
328 Stiles Avenue Suite 3
Orange Park, Florida 32073
Phone: 904-207-2124
Fax: 904-458-8975
Info@FirstCoastHomeHunters.com
My wife and I work together as Realtors & Buyer Agents in the Jacksonville, St Augustine & Orange Park Markets. We have helped over 200 familes to find the right place to call home. We strive to treat each buyer as if it was our only client and because of this, our business is 50% referral based from our past clients. We are experienced in most loan programs & can help make sure you understand the pros/cons of each option so YOU can make informed decisions. For all of you 1st Timers we understand 1st Time Buyer Programs. They can come with FREE $$ to assist with the down payment & closing costs. There are still a couple of 100% financing options available such as VA Loans or USDA Loans in parts of St Johns or Southern Clay. Military Members may qualify for a one year extension of the Home Buyer Tax Credit. There are also additional tax credits available for existing home owners. We are only a text, email or phone call away.   
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