HSH Mortgage Calculators Loan Amount and Down Payment Calculator This calculator computes the loan amount and down payment you would need to purchase a home at a given price. It assumes a fixed-rate mortgage. Home Price: Interest Rate (%): Loan Term (Years): Down Payment (%): Result: Loan Amount: Down Payment Amount: function calcLoanPayment(){ var loanAmount; var downPayment; var price = document.getElementById("price").value; var interestRate = document.getElementById("rates").value / 100; var loanTerm = document.getElementById("term").value * 12; var downPaymentPercentage = document.getElementById("dp").value / 100; loanAmount = price * (1 - downPaymentPercentage); downPayment = price - loanAmount; document.getElementById("loanAmount").innerHTML = loanAmount.toFixed(2); document.getElementById("downPayment").innerHTML = downPayment.toFixed(2); } Use HSH Mortgage Calculators to Make Informed Decisions about Your Mortgage Deciding on the right mortgage can be a daunting task. You need to ascertain you are making the best decision for your budget and lifestyle. Fortunately, to help you make sense of the entire process and figure out what fits into your individual financial plan, you have access to several different mortgage calculators. HSH mortgage calculators are some of the most accurate and helpful tools around for making sure your decisions line up with what matters to you. HSH mortgage calculators provide step-by-step guidance to determine what’s right for you when it comes to mortgage options. HSH mortgage calculators deliver information in a user-friendly manner, making understanding the elementary concepts of finance less intimidating for those who may feel overwhelmed at the initial processes of a mortgage transaction. With HSH mortgage calculators, you can understand what’s the best option for you in minutes. Parts of a Mortgage Calculator Typically a HSH Mortgage Calculator will have several parts. It will start with your loan amount. This is the unpaid principal balance for your mortgage. The loan amount could be as low as $25,000 or higher depending on the mortgage. Then you will enter the interest rate, the annual percentage rate, and your loan's term. These rates can vary depending on the provider and the type of loan you have opted for. The HSH Mortgage Calculator will also ask you to provide an estimate of the loan's closing costs. This includes the points which are expressed as a percentage of the loan amount and the appraisal fees, title, and other fees. If you are refinancing, you may also be asked to pay discount points, another request for a percentage of the loan amount. Three Types of HSH Mortgage Calculators HSH Mortgage calculators have three main types. The first is a standard calculator, which is used to determine loan payments, compare mortgage rates, and help you make decisions when buying a home. The second type of mortgage calculator offered by HSH is the amortization calculator. This tool shows you how much of each of your loan payments goes towards the balance of your loan and how much goes towards interest payments. The final type of calculator offered by HSH is the refinance calculator. This tool helps you figure out when refinancing your mortgage makes sense and how much you can save by refinancing. It also takes into account closing costs and other related fees to offer you a total comparison of your current loan versus the posed refinancing program. HSH Mortgage Calculators Help You Reach Your Financial Goals HSH’s mortgage calculators have been created with walkthroughs meant to make the entire process simpler and easier to understand. Rather than playing around with numbers in a spreadsheet or standing in line at a bank, you can estimate how much a mortgage would cost you with the help of an online mortgage calculator. If it turns out that refinancing your existing mortgage makes sense for you, the HSH mortgage calculators can let you know how much you could save on interest rates and payments. From individual investors, home buyers, and those refinancing their mortgages, a HSH mortgage calculator can help you reach your financial goals. Whether you are a buyer, seller, or renter, a HSH mortgage calculator can help you anticipate what to expect and make an informed decision about your loan. Weigh your options and get ahead of the competition with HSH Mortgage Calculators.