Professional mortgage payment calculator with bi-weekly options and savings analysis
📈 Payment Analysis & Comparison
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Enter Purchase Prices
Fill in at least one purchase price to see your comparison analysis.
💰 Monthly Savings vs Current Costs
🏠 Mortgage Calculator User Guide
This tool is designed to help you compare multiple home buying scenarios and analyze how a new mortgage would compare to your current monthly costs.
How Each Section Works
1. Purchase Price Scenarios
Use the Scenario 1, 2, and 3 tabs to enter up to three different house prices.
For each scenario, choose 3 different amortization periods (the total length of the mortgage).
2. Financing Details
Total Down Payment Cash: The total cash you have saved. This amount is used for all scenarios.
Interest Rate: The mortgage interest rate quoted by your lender.
Annual Property Taxes: By default, this single value is used for all scenarios. Check the "Use different property taxes..." box if your scenarios have different tax amounts. This will reveal a specific tax input field within each scenario tab.
3. Deductions from Down Payment
By default, the deductions entered in this section apply to all scenarios.
Check the "Use different deductions..." box to reveal a separate deductions section within each scenario tab. This is perfect for when one property requires more renovations or other upfront costs than another.
4. Current Mortgage & Property Tax
This section is optional, but filling it out unlocks the powerful savings comparison in the results.