Mortgage Payment Calculator Have you found a home you'd like to purchase, but wonder what your payments will be? This calculator will help you find out. If you need to adjust your payment, try varying your percent down or the number of years you will finance the loan. Which is better - 15 or 30 Year Mortgage This loan comparison calculator will compare a 30 and 15 year mortgage. If you'd like, you can also enter your own mortgage terms. As you will see, a 15 year mortgage will allow you substantial interest savings. However, the increased monthly payment might not be affordable. Consult with one of our brokers for a more specific estimate of the benefits to you. Should You Refinance This calculator will help you decide whether or not you should refinance your current mortgage at a lower interest rate. It will also show you how many months it will take to break even on your closing costs. Monthly vs. Biweekly Payments A biweekly mortgage allows you to make a mortgage payment every 2 weeks resulting in 26 payments per year versus 12 monthly payments per year, or the equivalent of 13 monthly payments. The result is a considerable reduction in the term of the mortgage, as well as savings in total interest paid. Figure Your Loan Options This calculator will compare two mortgages: one with a lower interest rate and one with fewer points. Rent vs. Buy Calculator Use this calculator to figure the differences between renting and purchasing a home. How Much Can You Afford This calculator will give you a general idea how much of a mortgage you can afford based on your down payment and what you want your monthly payments to be.