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... Fixed or Adjustable Rate?
A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Definitions
- Fixed Rate Mortgage
- A fixed rate mortgage has the same interest rate and monthly payment throughout the term of the mortgage. The payment is calculated to payoff the mortgage balance at the end of the term. The most common terms are 15 year and 30 years.
- Fully Amortizing ARM
- This is the most common type of ARM. The monthly payment is calculated to payoff the entire mortgage balance at the end of the term. The term is typically 30 years. After any fixed interest rate period has passed, the interest rate and payment adjusts annually. A Fully Amortizing ARM will also have a maximum rate that it will not exceed. This calculator uses a maximum interest rate of 12%. Below is a list of the most common types of Fully Amortizing ARMs.
| Common Adjustable Rate Mortgages |
|---|
| ARM Type | Months Fixed |
|---|
| 10/1 ARM | Fixed for 120 months, adjusts annually for the remaining term of the loan. |
| 7/1 ARM | Fixed for 84 months, adjusts annually for the remaining term of the loan. |
| 5/1 ARM | Fixed for 60 months, adjusts annually for the remaining term of the loan. |
| 3/1 ARM | Fixed for 36 months, adjusts annually for the remaining term of the loan. |
| 1 year ARM | Fixed for 12 months, adjusts annually for the remaining term of the loan. |
- Interest Only ARM
- An Interest Only ARM only requires monthly interest payments. Since you are not paying any principal, as you are with the other two types of mortgages described above, this can lower your monthly payment. However, since your mortgage's principal balance is not decreased, you will have a balloon payment at the end of the mortgage's term. Like a Fully Amortizing ARM, an Interest Only ARM will often have a period where the interest rate is fixed, and then it is adjusted annually. An Interest Only ARM will also have a maximum interest rate that it will not exceed. This calculator uses a maximum interest rate of 12%.
- Mortgage amount
- Expected balance for your mortgage.
- Term in years
- The number of years over which you will repay this mortgage. The most common mortgage terms are 15 years and 30 years. Please note that for the Interest Only ARM you will have a balloon payment for the entire principal balance at the end of the loan term.
- Expected rate change
- The annual adjustment you expect in your ARM. The range for this calculator is minus 3% to plus 3%. Use a negative value if you believe interest rates will decrease, a positive value if you believe they will increase.
- Interest rate
- Annual interest rate for each mortgage type. Typically an ARM will have a lower interest rate than a fixed rate mortgage. The rate of an Interest Only ARM will vary by lender.
- Months rate fixed
- This is the number of months the rate is fixed for an ARM. During this period the interest rate and the monthly payment will remain fixed. The rate will then adjust annually by the expected rate change.
- Interest rate cap
- This is the maximum interest rate for this mortgage. The mortgage's interest rate will never exceed the interest rate cap.
- Monthly payment
- Monthly principal and interest payment (PI) for the Fixed Rate Mortgage and the Fully Amortizing ARM. This is an interest only payment for an Interest Only ARM.
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.
Selling Your Home >Tiny Bugs and Big Problems Tiny insects can create huge problems when a house is on the market. Whether the bugs are fleas, ants or roaches, their presence can turn away prospective buyers. And so can the odor of insects.
If you have an insect problem, handle it before you place your home on the market. Consider calling in a professional to advise you on the most effective and least toxic way to exterminate your home. Be very careful if you have
an expectant mother, children, or pets in your household. Air
the house thoroughly to eliminate any lingering bug spray odors. Consider replacing moth balls with cedar chips and using boric acid or some other odorless ant and roach killers. If this sounds like a lot of trouble, remember that even if they love your house, a single cockroach can frighten off prospective buyers.
|
 |
| Q |
What is a Balloon Mortgage?
|
| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
|
 See More Real Estate Trivia > |
|
|
|
Celeinne and The Ysunza Home Team
Avalar® RE&Mtg.Ntwk.,Estates of Monterey County
3146 Ocean Terrace
Marina, CA 93933
Tel: 831-422-9103
Tel: 831-262-8821
Fax: 831-384-3402
Email: celeinneiysunza@NUMBER1EXPERT.com
Profile of The Ysunza Home Team
Over 25 years ago Celeinne began to follow a passion to help other people fulfill their dreams of owning a home. She understands that, regardless whether it is a modest condo or a magnificent luxury estate, her client’s home is a valuable 24-karat component of their life.
Celeinne’s many years as an onsite new homes subdivision sales manager has enriched her life through the introduction of and interaction with a variety of cultures and the unique ways in which to approach the negotiation process. The basic principles of how to prepare a home for presentation to the public are second nature to Celeinne.
We realize that our clients are our most valuable resource who deserve the best, beginning with the initial interview, suggestions on preparing your home for showing, negotiating the contract to closing the escrow. Each professional Team Member at AVALAR® RE&Mtg.Ntwk., Estates of Monterey County becomes a co-partner within a system that provides the opportunity for vested revenue sharing.
Whether you are thinking of buying or selling your home in the Monterey County area, or need professional guidance in the marketing and sales of your subdivision, let us share with you how our high tech, high visibility and personal concern are your winning assets. We honor the opportunity of working with you.
The Ysunza Home Team
Avalar RE&Mtg.Ntwk., Estates of Monterey County
Phone: 831.422-9103 X101 Fax: 831.384-3402.   
The data relating to real estate for sale on this
website comes in part from the Broker Listing Exchange Program of the
REInfoLink(TM) MLS System. Real estate listings held by brokerage firms other
than Avalar R.E.&Mtg. Ntwk., Estates of Monterey County, are marked with
the Broker Listing Exchange icon. Detailed information about them includes the
listing brokers/agents.
The data from other BLEPs is deemed reliable,
but not guaranteed and is subject to change. Interested parties to confirm all
information before relying on it for a purchase decision. This data is updated
weekly on Sunday nights. Some properties appearing for sale on this website may
subsequently have sold and may no longer be available.
www.AvalarEstates.com is brought to you by
Celeinne Ysunza and The Ysunza Home Team
NUMBER1EXPERTS™ in real estate for
Salinas, Monterey and Marina, California Read Celeinne Ysunza and The Ysunza Home Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERTS™ 
