Knowledge is power they say! Use these free Mortgage Calculators as a
resource to understand your options based on what you know at this time. When
you are ready for a Free Consultation from a knowledgeable professional who
knows the ins and outs of the mortgage industry then fill out the Quick
Application on the left, Apply Online,
Contact Us, Find a Loan Officer or
Ask a Question.
One thing is for certain - before you lock in to a new home loan or property
purchase, make sure you know your financial situation. Anchor Financial offers
the calculators below so you can be sure to know some of your options and the
benefits of these programs before getting started.
Mortgage Loan Calculator
The Mortgage Loan Calculator can be used to generate an amortization schedule
for your current mortgage. Quickly see how much interest you will pay and your
principal balances. You can even determine the impact of any principal
Fixed Rate Mortgage vs. Interest Only Mortgage
This calculator will assist you in determining the option that is best for you -
building equity or minimizing the monthly payment. Typically an Interest Only
Mortgage is used for an investment property or when the homeowner knows they
will be moving within 7 years.
Interest Only Mortgage Calculator
The Interest Only Mortgage Calculator generates an amortization schedule for an
interest only mortgage.
Rent vs. Buy
Determine whether you should rent or buy your home. The Rent vs. Buy Calculator
helps you weed through the fees, taxes and monthly payments to help you make a
good financial decision.
Mortgage Tax Savings Calculator
Interest paid on a mortgage is tax deductible if you itemize on your
tax return; and so are points that are paid to lower your interest rate. Use the
Mortgage Tax Savings Calculator to determine how much you could save in income