Loan Calculators

For those of us who are mathematically challenged, figuring out what we can afford and what type of mortgage is best can be daunting. FrontDoor's (frontdoor.com) handy tools help you develop a homebuying strategy and simplify those tough calculations so you can spend more time finding that perfect home.

Home Value Loss/Gain Tax Estimator - Federal taxes on your net capital gain(s) will vary depending on your marginal income tax bracket and holding period of the asset. Use this calculator to help estimate capital gain taxes due on your transactions. Tax Estimator

Fixed vs. Adjustable Rate Mortgages - It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.  Cost Comparison

Which Loan Term Length Is Best - Different mortgage terms and rates can make the loan selection process confusing, especially if you don't plan on keeping the loan for the full term. Use this calculator to determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money. Cost Comparison

Should I Pay Points - In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.  Calculations

Bi-Weekly Payments - It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.  Payoff Calculation