If you are looking to take advantage of the slumping market and make a steal on your next home purchase, try this out first.  Here are really cutting-edge mortgage calculators to help you figure out where and how your money will be targeted best.  Don’t make a mistake and overpay on your next home purchase- get the numbers now to make the right call today.

Try these very straightforward and easy to navigate calculators and see what you will be paying for principal, interest, taxes and your Private Mortgage Insurance (PMI).

Basic Mortgage Calculator

Bank Rate Mortgage Calculator

Your Mortgage.com Calculator: Includes an explanation on all your payments and why

Mortgage Calculator.net

Calculate your mortgage and also find the interest rates offered by State

Fixed (FRM) vs. Variable Interest (ARM) Mortgage Loan Calculators

If you are looking at the cost saving benefits of both a fixed rate interest mortgage loan and variable interest (ARM) loan, look no further.  Use these fun and easy tools to see how much you might save, or how much it could cost you with each option.

Interest.com: get the data now on your interest payments

A comprehensive look at your payout schedule with back to back looks at ARM mortgages vs. a fixed one

15- vs. 30-Year Mortgage Loan Options

If you are looking at your options to save a lot of interest money payments, look at these calculators.  They will show you what you will save by cutting your next mortgage payment in half the payment life cycle.  Own your home faster, save some money on the way.

See the savings here.

Check how high your monthly payment may have to be on a 15 year mortgage

A Good Idea to Buy Now?

Aside from the bottomed-out home prices, there is another reason why buying your home instead of renting could be the best financial decision you ever make:  see how much you are throwing away on rent payments.  Use these calculators to find out how rich you are making your landlord and how much you could save yourself when buying that home yourself.

Rent vs. Buy Property Calculator

An easy but complete breakdown on your total costs

Make the Wise Choice when You Buy

Don’t make the same mistake tens of thousands of Americans made and buy a home you cannot afford.  If you are not sure, and don’t want to risk losing your home one day to a foreclosure, try these calculators.  Based on expert financial advice, these calculators will tell you how much you should spend and more importantly where the ceiling is for you.

Borrow the right amount

Try CNN’s Money calculator

Don’t Get Turned Down For Your Next Mortgage Loan

If you are looking to get approved on your next home loan purchase loan, stop and try out these fun calculators.  Your credit (FICO) score aside, your income level will determine if you qualify or not regardless of excellent credit.  Find out if you will be approved or not with these neat gadgets.

Get your free calculation and a report here.

More information free from Vlender.