Whether you’re thinking about buying a new home, getting a home equity loan or line of credit, or refinancing an existing Mortgage, our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
Mortgage Calculators for Grande Prairie Buyers & Owners
When shopping for your home and doing research regarding your options for a mortgage loan, you’ll likely come across suggestions to take your budget into account. How do you know what kind of purchase price you can afford or the what the budget will look like once you follow through with a purchase or renewal? The following mortgage calculators for Grande Prairie residents can help you assess various budgeting scenarios. Whether you are looking to calculate a payment, or review your budget for a refinance or renewal, this page will be a valuable asset to you. You can also compare multiple mortgage options to help you identify which loan will best suit your needs, or calculate the payment penalties if you need to sell your home or pay down the mortgage principal. After using these calculators, if you want more assistance with understanding your options and planning your budget, Chanele will be happy to answer any questions and provide guidance.
How Can These Mortgage Calculators Help You Plan Your For Your Needs In Grande Prairie?
Calculate Your Mortgage Payment
Mortgage rates are constantly changing as market conditions fluctuate. You may be planning to apply for a loan and as you get closer to being ready, the changes in rates give rise to questions about your budget. With the mortgage payment tool you can simply plug in the amount you are looking to finance, amortization period in years, number of years for the term, payment frequency, and estimated rate percentage. The tool does the math and will give you options to view the total amount of cash needed up front, your estimated monthly payment and expenses, as well as the amortization schedule.
Compare Mortgage Options
If you have multiple choices from different lenders to choose from, it may get a bit confusing to compile all the data and make a choice on which rates and terms best suit your budget and plans. This is where Chanele will be a big help in assisting you to understand all your options and come to the correct decision. However, it can also help to use the simple mortgage comparison calculator to plug in all the numbers for various loan examples. Once you have a clear picture in front of you, it will be easier to make a decision.
Renewal Or Refinance
Are you planning to refinance your home, or coming due for a renewal and want to see how current rates will affect your payment? Use this calculator to assess what your new payment will look like in comparison to your current payment. Alternatively, you can also use this calculator to assess how much equity you may have access to and how the refinance will affect your monthly payment. Calculating this information ahead of time can help you plan where the money will come from for a new purchase, or to provide funds for an emergency situation that requires access to your cash.
When making changes to your current mortgage term, there are instances where you may incur penalties. This can happen if you are looking to refinance, or if you are selling your property sooner than expected. The mortgage penalty calculator can help you anticipate this cost so you have a better understanding of how your current circumstances will affect your budget. The calculation will be based on the most up to date data available, however, it is still best to consult with Chanele to get exact numbers before making a decision.
Don’t hesitate to ask Chanele Langevin for assistance when using these mortgage calculators for your Grande Prairie home purchase and loan application, refinance or renewal.
Shave years off your Mortgage and save you thousands by using an accelerated bi-weekly mortgage payment.
Refinance or Renewal Calculator
Gives you quick access to loan options and the difference they can make in your monthly mortgage payment.