HOME BUYING & REFINANCE CALCULATORS

Run the numbers to learn your options.

When it comes to buying or refinancing a home, it's helpful to get an idea of how much you can afford. Here are some calculators to help you understand just that, wherever you are in the process.

What might my mortgage payment be?

See what your monthly mortgage payment might look like.

Should I rent or buy?

See whether buying or renting is right for you.

How much house can I afford?

Find out what home price you should be looking for.

Should I refinance?

Find out how much you can reduce your monthly payment by refinancing.

How much cash can I take out of my home?

See how much cash you can get out of your equity for expenses or debt.

Question answer section

Question

What are the advantages of a home purchase?

Answer
A home purchase may give you personal benefits such as a sense of investing in your community and pride for achieving the dream of homeownership. There may be some strong benefits as well, especially tax savings you may enjoy. Interest payments on a mortgage are typically tax deductible (consult your tax advisor for more information). As you continue to make mortgage payments, you'll build home equity, as opposed to paying rent to someone else. If you can afford a low down-payment, a home purchase may be easier than you think.