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Are there any accurate mortgage calculators online?

Frequent Contributor

Are there any accurate mortgage calculators online?

I still have about 18 months before we want to buy a home, but i'm getting my ducks in a row! Is there any online calculator for my mortgage monthly payments that you would consider fairly accurate? It seems that every calculator I run comes up with such huge swings!! I know my tax rate in the area, going on a 5% interest rate...better to be high than low!

 

Any ideas?

7 REPLIES
Valued Member

Re: Are there any accurate mortgage calculators online?

If you're going FHA - this one seems to be pretty detailed & accurate:  http://www.fhahomeloanmortgage.com/calculators/fha_mortgage_calculator.shtml

 


Starting Score: 534 (10.30.12)
Current Score: 649 (12.9.12)
Goal Score: 700


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Valued Member

Re: Are there any accurate mortgage calculators online?

This one  is awesome for FHA loans, and estimated my payment accurately down to the penny!  They have calculators for all types of loans however.

 

 

http://www.anytimeestimate.com/FHA/fha-mortgage-insurance-calculator.htm

 

New Contributor

Re: Are there any accurate mortgage calculators online?

go to MGIC.com and go to rates > MI compare.


you'll need to enter stuff like property tax, HOA, insurance to get an exact quote with interest rate for your score and downpayment

As Of 11/11/2016

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Valued Contributor

Re: Are there any accurate mortgage calculators online?

I go to bankrate dot com.  They have a wide range of calculators.  I use the one for an ARM loan - and it's VERY accuate.

Moderator

Re: Are there any accurate mortgage calculators online?


IOBA wrote:

I go to bankrate dot com.  They have a wide range of calculators.  I use the one for an ARM loan - and it's VERY accuate.


^^^yep, me too.

Regular Contributor

Re: Are there any accurate mortgage calculators online?


StartingOver10 wrote:

IOBA wrote:

I go to bankrate dot com.  They have a wide range of calculators.  I use the one for an ARM loan - and it's VERY accuate.


^^^yep, me too.


^^^ me three.

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Valued Contributor

Re: Are there any accurate mortgage calculators online?

Im interested in knowing which ones are not accurate.