Mortgage Tools

>Payment/Amortization

This calculator allows you to figure out your monthly payment for fixed-rate or adjustable-rate loans. It also allows you to calculate the breakdown between principal and interest in payments over the loan term.

>Rent vs. Own

This calculator allows you to calculate the difference between renting a property and buying a home.

>Calculate Annual Percentage Rate (A.P.R.)

This calculator allows you to calculate A.P.R. for fixed-rate or adjustable-rate loans, as defined by the Federal Truth In Lending Act.

>Debt Consolidation

This calculator helps you to figure out if you can consolidate your debt by lowering the monthly payment, or pay off debts sooner.

>Prepayment Savings

This calculator helps you to determine how soon you can pay off your mortgage by making a prepayment, or how much prepayment you should make by shortening the time to pay off your mortgage.

>Early Payoff Calculator

This calculator will assist you in determining the amount of additional principal payments needed per month to payoff the loan in a shorter period of time.

>Refinance Break-Even Point

This calculator will help you determine the length of time until "breakeven" on a refinance loan, factoring in the new interest rate and closing costs.

>Tax Savings

Based on the loan amount, interest rate, federal tax rate, and other entries, this calculator will determine the estimated tax savings of a period of years if the transaction is completed.

Registered Mortgage Broker - New York
Registered Mortgage Broker - Connecticut
All loans provided through third party lending.

Copyright C 2005, Northwood Group LLC
Northwood Group, LLC
420 Columbus Avenue, Suite 301 Valhalla, NY 10595
Ph: 914-747-0922 I Fx: 914-747-1966