Mortgage Calculators

Mortgage Calculators.
These Mortgage calculators and finance worksheets will help you through the process of finding out how much you can borrow within your budget. Simply fill in the entry fields to determine your payment, term, estimated taxes and insurance, and most important what amount you can borrow.

Inter-Lake Mortgage Company, LLC provides several calculators to help you evaluate the components that factor into buying a home and getting a mortgage. These calculators help you explore the effects of various changes to your purchase of a home and refinance situations.

You will be able to answer: Mortgage Calculators

• How much can I afford?
• Your Monthly Payments
• Type of loan program for lower rate. Points Calculator
• How much Consumer Debts you are paying out.
• Estimate on your Homeowners Insurance and Property Taxes

Amortization Schedule
This worksheet will amortize your mortgage over the loan period based on your input. Extra Payment: Figures how long your mortgage will last depending on how much you pay monthly. It will also will show how much you can save with an extra payment.

Refinance Calculator
This simple to use refinance worksheet will help you make the right decision to refinance your home. This will help in determining when you start to save on your new loan including closing costs and paying other debts.

Closing Cost Calculators
This is an excellent closing cost worksheet for you to determine the cost of doing your loan and what standard fees are and junk fees. This will really help when you receive a Good Faith Estimate (GFE) from the loan officer. You have to be careful with this, if you get a low rate, the loan officer may have high closing costs.

Affordable Worksheet
Find out what type of home is in your budget by simply downloading our Affordability worksheet. Apply today with us and receive an approval letter from us. Find out approximately how much money a lending institution will lend you, based on your income and your debts.

Mortgage Annual Percentage Rate Calculator (APR) Annual Percentage Rate (APR) is the equivalent interest rate considering all the added cost to a given loan. The loan amount, the interest rate, the total added cost, and the terms. The APR would equal the initial interest rate if there is no additional cost to a given loan.

Extra Payment Calculator Making extra payments can help lower the amount of total interest paid, as well as shorten the payment period over the life of the loan. The extra payment amount goes toward the principal, which lowers the total dollar amount that can be charged interest.

There are many ways to qualify for a home or more of a home:

• Interest only loan
• Higher Debt to Income Ratio, up to 55% of your income.
• Stated income loans for self-employed that don't really show much income, and/or other sources of income.

Break-Even Finance Calculators
The Break-even worksheet is an excellent tool to use to determined when you will start to save on your new loan. Whether to refinance or not. Use all our Mortgage Calculators

Debt Consolidation Loan
Figure how long before your savings equal the cost of obtaining a new debt consolidation loan. This worksheet will help you figure how much total debt load you have and what percentage is your housing expense ratio and consumer debt ratio. Benefit of this loan is a lower interest rate on debts and tax credit on the interest you have paid on the loan.

Want to know your Amortization Schedule
This automated amortization worksheet covers 30 years (360 months). Change any number, and the entire spreadsheet will update itself. No need to recalculate and fill all the numbers, just edit the numbers.