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Mortgage Calculators

Welcome to Americancrm.net, where we provide our valued prospects with their mortgage needs and information. Our goal has always been to provide the public with the knowledge and power to make the right decision when it comes to their mortgage needs.
 
 
Simple Loan Payment Calculator

Enter the values and I will tell you the payment. The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.
 

Principal
Interest
Number of Years:
 
Change These Fields As Desired:
Principal Loan Balance
Annual Interest Rate %
Amortization Length (Years)
 



Prepayment versus Investment Calculator

This form allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead. This tries to take into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower.
 
Change these fields as desired:
How much more you have to spend each month
Current monthly payment (principal & interest only)
Current Annual Loan Interest Rate
Current Loan Balance
Loan Interest Deductibility
Expected Long Term Investment Return (%)
Expected Long Term Tax Rate (%) (Federal+State)
Investment Type

Generic Loan Calculator
Loan Amount
Annual Interest Rate
Payment Each Period ( to let calculate*)
Periods per Year (12 for monthly, 26 for bi-weekly, 52 for weekly, etc.)
Total Number of Payments OR Total Number of Years
 

Rent versus Buy Calculator

This form allows you to compare renting versus buying by entering how much you want to spend a month and how much down you would put into your house.
 

Change these fields as desired:
How much you want to spend each month
How much down (invested if renting)
Current Annual Interest Rate
Length of Loan (Years)
Expected Long Term Inflation (%)
Expected Long Term Investment Return (%)
Expected Long Term Tax Rate (%)
Mortgage Qualification Calculator

Enter the values below and the calculator will try to calculate what kind of income lenders will expect you to be making to qualify for the specific values.
 
Monthly mortgage principal/interest
Enter expected annual property tax:
Enter expected annual home insurance:
Enter expected monthly debt payments (car/student loan, credit cards, etc)
Sale Price of Home
Down Payment
 

Amortization Schedule and Calculator
Below you'll find a simple loan calculator which allows you to input different interest rates, loan amounts, and mortgage length so you can estimate your monthly payment. Plus, you can also see an amortization schedule of a loan which will show you how much of your payment goes towards the principle and how much towards interest. This loan calculator should be used only as an estimation as it doesn't allow for taxes and insurance.
 
Mortgage Calculator
First Payment Year
Mortgage Amount
Interest Rate %
Mortgage Length Years
   
Mortgage Calculation Results
Payment Amount
Total Interest
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

Lunch Savings Calculator
As I sit here eating my cheap "brown bag" lunch here as always at work, I thought I would calculate the small fortune I have amassed by eating like this (besides the fact that I get extra time to program and surf the Net!) My default investment return is 10.5% (the 70 year average for the S&P 500). I won't even mention the 20+% returns of late, but I will let you increase the return up to 50% for fun.
Cheap Home Lunch price: $
Eating Out Lunch Price: $
Days eaten per year
Years to Calculate
Investment Yield: %
 
Balloon Mortgage Calculator

5/25 and 7/23 convertible balloon mortgages are growing in popularity since they provide lower rates than conventional 30 year mortgages while still giving a fixed payment schedule for 5 or more years. The risk, of course, is what happens after the initial fixed period is over and you have the possibility of converting your loan. This calculator is designed to try to answer those questions.
 

Calculation Data
Principal Balance
Type of Loan
Initial Interest %
Monthly Pre-payment during initial fixed period
 
Prepayment Mortgage Reduction Calculator

This form allows you to see how prepaying your mortgage reduces the length of your mortgage by putting in the current values for your loan. If you know your current principal balance and principal/interest payment, enter then in fields A1 and A2. Otherwise enter the three values for your loan in B1, B2 and B3. (Original Loan Amount, Month of First Payment, Length of Loan).

Change these fields as desired:
Choose the Option:
A1. Current Principal Balance (if known)
A2. Current Prin+Int Monthly Payment
B1. Original Principal Balance (otherwise)
B2. Month of First Payment (otherwise) -
B3. Length of Mortgage (Years)
You fill out the following table for both cases:
Current Annual Interest Rate
Additional Monthly Pre-Payment*
Increase Monthly Payment each year by (%)
* = Enter B here to do a biweekly conversion from here.

A Simple Amortization Calculator
 

Principal
Interest (APR)
Number of Payments
 
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.
Corporate Office:
American Classic Realty & Mortgage
178 S Victory Blvd Suite 106
Burbank, CA 91502
Toll Free:  866-WE-REFI-7
Phone:  (818) 955-8884
Fax:  (818) 955-8696
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