Mortgage - Free Calculators

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Loan Basics

The loan example takes place on February 3, 2007.

The name of this borrower is Eric.

This borrower's goal with the mortgage is to get a refinance done on the property.

Property Summary

This property would be considered a condominium.

This piece of real estate is in Waco, Texas.

This property type is a primary residence.

Mortgage Background

This borrower's loan term in years is 30.

The current credit score is 720.

The mortgage will have stated documentation.

Today's current mortgage rates

The interest rate for this new loan will be 7.50%.

The APR is calculated to be 7.60%.

Mortgage Amount

This real estate is currently worth $383,750.

The loan on the property is a $245,600.

The amount of cash received is around $61,400.

The total new loan size is $307,000.

The loan to value ratio on the property is 80%.

The Monthly Payment

The monthly payment is $2,147.

An interest only monthly loan payment would be $1,919.

An interest only loan payment each month saves the borrower $228. 

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http://www.archerpacific.com/mortgage%20quick%20tips.html

Getsmart - This firm offers you quotes for a Refinance. It is a service of Lending Tree. You should be able to learn more about your loan options.

Mortgage Loan Basics

This loan example is for February 3, 2007.

The borrower's name is Edward.

This borrower wants to get a refinance done on the property.

Property Basics

The property would be considered a 1-4 unit property.

This real estate is located in Buffalo, New York.

This property type is a primary residence.

Loan Type

The length of the loan in years will be 30.

The current credit report indicates that the credit score is 755.

The loan will have full documentation.

Today's mortgage rates

The interest rate on this mortgage is 6.38%.

The mortgage's annual percentage rate is 6.47%.

The Mortgage Amount

This real estate property is currently worth $400,000.

This property has a current loan of $256,000.

The cash out from this refinance is around  $64,000.

The new loan will be for $320,000.

The loan to property value ratio on this property is 80%.

Monthly Payment

Every month the mortgage payment is $1,996.

If this were an interest only loan the monthly payment would be $1,700.

This is lower than a regular monthly payment by $296. 

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http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basics

The mortgage scenario is for February 3, 2007.

The name of the loan borrower is Tina.

The borrower's goal with the mortgage is to get rid of debt through consolidation.

Property Basics

The property is a single family residence.

The mortgage will take place in Windsor, California.

The property type is a primary residence.

The Loan Type

The length of the loan in years will be 40.

The borrower has a credit score of 750.

The mortgage will have full documentation.

Today's mortgage rates

The interest rate for this new loan will be 6.63%.

The annual percentage rate will be 6.71%.

The total debts that need to be paid off is

Total credit card balances $1,351.

Outstanding car loans $5,935.

Student loans $523.

Other debt that need to be paid off $165.

The total debts that need to be consolidated $7,974.

The Mortgage Size

This real estate is currently worth $391,250.

The mortgage on the property is a $250,400.

The total new mortgage size is $258,374.

The loan to value (LTV) ratio is 66%.

Calculated Monthly Payment

The monthly mortgage on this will be $1,536.

If the loan were interest only the monthly payment would be $1,426.

In this example the interest only loan payment each month saves the borrower $109.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Background

The mortgage scenario is for February 3, 2007.

The loan applicant's name is Terry.

The mortgage is to consolidate and pay off debt.

Property Background

This residency type is single family residence.

The property is located in La Canada-Flintridge, California.

This property would be identified as a primary residence.

Loan Type

The length of the loan in years is 30.

The middle credit score on the current credit report is 745.

This borrower's loan will have stated documentation.

Today's loan rates

The mortgage rate for this mortgage is 6.13%.

The mortgage's annual percentage rate is 6.22%.

Current total consumer debts to be paid off

Current credit cards owed $278.

Car loans $6,113.

The total current student loan $689.

All other debts that need to be paid $121.

Total consumer debt to pay off $7,201.

The Loan Size

The property is currently worth $391,250.

The property has a current loan of $250,400.

The new mortgage will be for $257,601.

The loan to property value ratio on this property is 66%.

The Monthly Mortgage Payment

The monthly payment is $1,565.

With an interest only loan the monthly payment would be $1,315.

An interest only payment each month saves the borrower $250.

Articles:http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basics

This loan example date is for February 3, 2007.

The name of the mortgage borrower is Tammy.

The borrower wants to consolidate and pay off debt.

Example Property

This property is a townhouse.

This piece of real estate is in Savannah, Georgia.

This property would be identified as a primary residence.

The Loan Type

The loan has a length in years of 30.

The current credit middle score is 760.

This borrower's loan will have stated documentation.

Current mortgage rates

The mortgage rate on this new loan will be 6.38%.

The mortgage's annual percentage rate is 6.47%.

Current total debts to be paid off

Total credit card balances $15,732.

Total auto loans $7,158.

Total student loans $2,566.

Other debts that need to be paid off $186.

Total consumer debt to pay off $25,642.

Mortgage Amount

The property would be considered worth approximately $418,750.

The property has a current loan of $268,000.

The new mortgage will be for $293,642.

The loan to value (LTV) ratio on the property is 70%.

Calculated Monthly Payment

The new payment each month is $1,832.

The monthly payment on an interest only mortgage would be $1,560.

In this example the interest only payment is lower than the regular payment by $272.

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LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Loan Profile

The date for this mortgage scenario is February 1, 2007.

The name of the loan borrower is Carolyn.

This borrower's goal is to purchase a piece of real estate.

Example Property Basics

The real estate is a condominium.

The property is located in Portsmouth, Virginia.

This property would be considered a primary residence.

Mortgage Type

The loan has a length in years of 30.

The borrower has a current credit score of 755.

This loan will have stated documentation.

Current mortgage rates

The interest rate on this mortgage is 6.25%.

The mortgage's annual percentage rate will be 6.35%.

The Mortgage Size

The current property is worth $400,000.

The downpayment % is 20%.

The new mortgage will be for $320,000.

The loan to value (LTV) ratio on this property is 80%.

Monthly Mortgage Payment

The monthly mortgage payment on this is $1,970.

An interest only monthly mortgage payment would be $1,667.

This is smaller than a regular monthly payment by $304.

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LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

This loan example is for February 1, 2007.

The loan borrower's name is George.

This borrower wants to purchase real estate.

Property Example

This property would be considered a single family residence.

This real estate is in South Lake Tahoe, California.

This property would be described as a primary residence.

Loan Type

This borrower's loan term in years is 30.

The current credit score is 750.

This borrower's mortgage will have stated documentation.

Today's loan rates

The example mortgage rate on this new loan will be 6.38%.

The mortgage's annual percentage rate is 6.47%.

The Mortgage Amount

The property would be considered worth around $422,500.

The percent down payment is 20%.

The new total loan size will be $338,000.

The loan to property value (LTV) ratio is 80%.

Monthly Loan Payment

The payment each month is $2,109.

If the loan were interest only the monthly payment would be $1,796.

This is lower than a regular monthly payment by $313.

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LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Loan Background

The loan example is for February 1, 2007.

The mortgage applicant's name is Peter.

This borrower's goal is to purchase real estate.

Property Basics

This property is a single family residence.

The mortgage will take place in Eugene, Oregon.

This property would be described as a primary residence.

The Loan Type

The loan has a length in years of 30.

The middle credit score on the credit report is 755.

This borrower's loan will have stated documentation.

Today's mortgage rates

The interest rate for this new loan will be 6.25%.

The mortgage's annual percentage rate is 6.35%.

The Mortgage Size

This property is currently worth around $385,000.

The downpayment percent on the property is 20%.

The new mortgage loan will be for $308,000.

The loan to property value ratio on the property is 80%.

Calculated Loan Payment

The new payment each month is $1,896.

An interest only monthly payment would be $1,604.

An interest only mortgage payment each month saves this borrower $292.

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Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Loan Summary

The date for this mortgage scenario is February 1, 2007.

The name os the mortgage applicant is Marilyn.

This borrower's goal with the mortgage is to get a refinance on the property.

Property Background

The property is a single family residence.

The property is located in San Ramon, California.

The property type is a primary residence.

Loan Background

The mortgage has a length in years of 30.

The borrower's credit middle score is 735.

The documentation level for this mortgage will be full documentation.

Current mortgage rates

The example mortgage rate on the new loan will be 6.63%.

The annual percentage rate (APR) will be 6.72%.

Loan Amount

This real estate property is currently worth $390,000.

The property has a current mortgage of $249,600.

The borrowers wants to cash out around $62,400.

The new total loan will be for $312,000.

The loan to property value ratio on this property is 80%.

Calculated Monthly Payment

The new mortgage payment each month is $1,998.

An interest only monthly payment would be $1,723.

In this example this is smaller than a regular monthly payment by $275. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basic Profile

The loan example is for February 1, 2007.

The name of the loan borrower is Sara.

The borrower's goal with the mortgage is to get a refinance done on the property.

Property

The property would be considered a single family residence.

The property is in Tucson, Arizona.

This property is a primary residence.

Mortgage Type

The number of years it will take to pay off the loan is 30.

The middle credit score on the current credit report is 740.

This borrower's mortgage will have full documentation.

Today's current mortgage rates

The example mortgage rate on the new loan will be 6.25%.

The current annual percentage rate is 6.35%.

Mortgage Amount

This property is currently worth approximately $406,250.

This property has a current loan of $260,000.

The borrower will cash out around $65,000.

The new total loan size will be $325,000.

The loan to value (LTV) ratio on this property is 80%.

Mortgage Payment

The new monthly payment is $2,001.

If the loan were interest only the monthly payment would be $1,693.

In this example the interest only loan payment each month saves the borrower $308. 

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http://www.archerpacific.com/learn-about-refinance.htm