Most people turn to a mortgage calculator to compare different loans to see which one is the best choice for their needs and their budget, but the fact is, there are lots of different types of home loan calculator tools to help you answer all of your questions. For instance, if you want to decide if a home you’re considering is within your budget, a mortgage loan calculator will look at data like the home’s price, your down payment, your current income and existing bills, anticipated property taxes and insurance, and the loan’s interest rate and term to estimate your monthly payment.

A home loan calculator can also help you determine what loan terms work best for you, as well as what you can expect to pay monthly for your new home. AMAC – American Mortgage Alliance Company’s Fixed vs. Adjustable-Rate Mortgage Calculator will help you determine what makes the most sense for you, and the Converting to a Bi-Weekly Payment Schedule calculator will show you the difference in making one payment monthly or a payment every other week.