# Calculators Page

**The calculators contained in this site are for your entertainment and
general knowledge only. We went to great lengths to try to make the
calculations as accurate as possible however your actual calculations will be
the ones that are computed by the lender. Keep in mind that the calculations
you will get back are only as good as the accuracy of the information you put
in. The information you put in is not being recorded, saved, or used other than
for your own personal use.**

### The Affordability Calculator

**With this calculator you will be able to enter as much data as you
want and the calculator will respond to the information and let you see the
maximum price of a house that you can afford based on your income and debt.
Things you should know to use this calculator are:**

**Yearly Income**
**Monthly Payments to Creditors**
**Cash Available for Down Payment**
**Mortgage Term and Interest Rate**

### Buy vs. Rent

**This calculator will give you a comparison between renting or
purchasing a home. Information you can enter for this calculator:**

**Monthly Rent **
**Home Purchase Price**
**Expected Down Payment**
**Mortgage Term and Interest Rate**
**Years To Live In House**
**Gross Income**

### Monthly Payment

**This calculator will answer the question " What will my monthly
payment be "? Information you will be asked: **

**Cost of Home**
**Down Payment**
**Mortgage Term and Interest Rate**

### Mortgage Amortization Chart

**This calculator will give you a month to month amortization chart.
Needed information to run this calculator:**

**Principal Owed**
**Mortgage Term and Interest Rate**