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On The Money: Here’s help in calculating a mortgage

By By Chuck Myers

McClatchy-Tribune News Service (MCT)

Published: Monday, Oct. 28 2013 10:03 a.m. MDT

As the housing market continues to recover, buyers are showing more interest in purchasing a new home. But the search for a home mortgage rate to fit your budget can prove a challenge. Several websites offer online calculators with a variety of features designed to assist prospective homebuyers gage monthly mortgage payments.

Gene J. Puskar, Associated Press

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As the housing market continues to recover, buyers are showing more interest in purchasing a new home. But the search for a home mortgage rate to fit your budget can prove a challenge. Several websites offer online calculators with a variety of features designed to assist prospective homebuyers gage monthly mortgage payments. Here are just a few:

BANKRATE.COM

www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Contains calculators to gauge mortgage payment amounts and how much you can afford.

BLOOMBERG

www.bloomberg.com/personal-finance/calculators/mortgage/

Supplies calculator for determining a fixed-rate mortgage, with principal balance and total payments graphic.

HOMEFAIR.COM

www.homefair.com/tools/mortgage-affordability-calculator/index.asp

Establish the loan amount you can qualify using a mortgage affordability calculator.

INTEREST.COM

www.interest.com/mortgage/calculators/mortgage-calculator/

Provides calculators for a variety of mortgage borrowing scenarios.

MORTGAGE CALCULATORS

www.mortgage-calculators.org/calculators/calculators.html

Features variety of mortgage calculators, and others for borrowing and credit-related topics.

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© 2013, McClatchy-Tribune Information Services

Distributed by MCT Information Services

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