Free Home Mortgage Calculator 360/365

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Free Mortgage Loan Calculator 2.0 features the following: Support for adjustable rate mortgages, multiple payment frequency options, amortization schedules based on 360, 365, or exact number of days in year, interest-only mortgage amortization schedule, extra mortgage payment option, improved conversions in the "Basic Calculator +", and more. [Full Description]

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Version 2.0

Adjustable Interest Rates
Interest only Mortgages
Canadian Mortgages
Accelerated weekly and bi-weekly payment option
360, 365, or actual days per year scheduling options.
Hundreds of conversions including Metric to U.S.

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Mortgage News and Information

New York Times Reports: Americans, shaped by 30-year fall in borrowing costs, set to feel the pain - The impact of higher rates is likely to be felt first in the housing market, which has only recently begun to rebound from a deep slump.

HUD out lines changes for borrowers - Department of Housing and Urban Development changes to Good Faith Estimate consumer protection confuses some.....

Mortgage default notices are rising -- Owners feel pinch on adjustable-rate loans. Sacramento, Placer and Yuba counties all reported sizable increases in default notices in the first quarter of 2006 compared with the same time last year, the research firm DataQuick Information Systems said Tuesday. The notices are issued by financial institutions when mortgage holders miss at least two consecutive house payments.

Ameriquest Mortgage closes 229 offices The parent company of Ameriquest Mortgage Co. is closing 229 branch offices and laying off about 3,800 workers, effective immediately. Ameriquest has two offices listed in Honolulu. Calls there were answered by a machine that directed callers to leave a message. The company Web site said Hawaii customers are serviced by a regional center on the Mainland.

Interest Rate Averages

Mortgages

30 Yr fixed --------------- 5.42%
15 Yr fixed --------------- 4.87%
5/1 ARM --------------- 4.99%

See All Rates

Updated 6-25-09