TrueCostLab
Mortgage Calculators
These calculators help users understand mortgage decisions such as affordability, loan payoff timing, and the financial trade-offs between renting and buying.
Mortgage Payoff Calculator
Estimate your monthly mortgage payment and total payoff cost.
Extra Mortgage Payment Calculator
See how additional monthly payments reduce loan term and interest.
Amortization Calculator
Understand how each mortgage payment is split between principal and interest.
Refinance Break-Even Calculator
Estimate how long it takes to recover refinance closing costs.
Rent vs Buy Calculator
Compare long-term costs of renting versus owning a home.
Home Affordability Calculator
Estimate the maximum home price you can afford based on income and debt.
Down Payment Calculator
Calculate required down payment and estimate your monthly payment.
How to Use These Calculators
Buyers can use these tools together to plan their homeownership journey:
- affordability first
- down payment planning
- mortgage payoff simulation
- refinance scenarios
Related Mortgage Decisions
Major decisions homeowners face include:
- buying vs renting
- choosing loan size
- managing payoff speed
- refinancing strategy
Mortgage Guides
Explore practical guides that help you evaluate affordability, renting versus buying, and whether extra mortgage payments make sense for your situation.
How Much House Can I Afford?
Learn how to think about income, monthly payment limits, and upfront costs before choosing a home budget.
Is It Better to Rent or Buy?
Compare flexibility, ownership costs, time horizon, and long-term financial tradeoffs.
Should I Pay Extra on My Mortgage?
Understand when extra payments reduce interest meaningfully and when your money may be better used elsewhere.