Dave Ramsey Mortgage Calculator Use this calculator to estimate your monthly mortgage payment. Loan amount: Interest rate (in percent): Loan term (in years): Calculate Payment function calculateMortagePayment() { let loanAmount = document.getElementById("loan_amount").value; let interestRate = document.getElementById("interest_rate").value/100; let loanTerm = document.getElementById("loan_term").value; let monthlyInterestRate = interestRate/12; let numberOfPayments = loanTerm*12; let loanPayment = loanAmount * ( monthlyInterestRate * Math.pow(1+monthlyInterestRate, numberOfPayments) ) / ( Math.pow(1+monthlyInterestRate, numberOfPayments) -1 ); document.getElementById("payment_result").innerHTML = "$"+loanPayment.toFixed(2); } Dave Ramsey Mortgage Calculators Dave Ramsey is often touted as one of the best resources for financially secure and responsible people. His various financial advice books, radio broadcasts, podcast, and television shows all carry his message to millions of Americans who are eager to get their finances in order and secure their future. His strategies for budgeting, savings, and debt payoff are popular and oft-referenced as the best way to do things -- and they work. One of the tools Ramsey recommends to help with your finances is a mortgage calculator. Mortgage calculators are essential tools for anyone considering taking out a mortgage or refinancing existing debt. They help you answer critical questions like, “How much can I afford to spend on a mortgage?” “What are the monthly payments associated with the loan?” and “What is the total amount that I’ll be paying for the life of the loan?” With these questions answered, you can shop and compare for the best loan and make sure that you’re not overburdened with debt. With any major financial decision like taking out a loan, there will almost always be multiple calculators to choose from. So why use Dave Ramsey’s calculator above the rest? After all, there are hundreds of mortgage calculators available on the internet, so why trust one particular source? That’s a good question. Dave Ramsey’s easy-to-use mortgage calculator takes the hassle out of understanding a loan’s payments, costs, and interest. It’s a great tool for anyone looking to weigh the pros and cons of various loan types and payments. The calculator is fast and easy to use, and you can save and share your results with just a few clicks. Using the mortgage calculator is simple. All you have to do is input information about the loan including the loan amount, interest rate, and repayment term. The calculator will give you estimates on payments, rates, and total costs of the loan. It will also show you a amortization schedule so that you determine exactly how much money you will be paying for the entire life of the loan. The mortgage calculator takes all the guess work out of calculating payments and other loan factors. It makes it possible to compare multiple types of loans to find the best one for your budget. This is especially important when considering the length of the loan, as the total cost of the loan can vary greatly based on how long the loan is taken for. In addition to the calculator, you can contact Dave Ramsey directly and get help with applying for the loan. His team of advisors can help you with all the steps of applying for and paying off a loan. They can help advise you on the best loan structure and terms that meet your needs, in addition to helping you manage your mortgage once you get it. Ultimately, Dave Ramsey is the go-to source for financial advice. His mortgage calculator is an excellent tool in helping you make the best decision when it comes to loan refinancing or taking out a mortgage. It’s simple to use and takes the guesswork out of the loan process. So if you’re looking for a reliable and trustworthy resource for information about mortgages and refinancing, Dave Ramsey is the right place to start.