Jimmy Franklin : Re/Max
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Jimmy Franklin - Broker
Closed over 345 transactions in 2005

Launch Mortgage Toos
Find out what your mortgage payments would be in the 20th year of your balloon mortgage, find out what making biweekly mortgage payments will do to the length of your loan, see how much of a mortgage you could safely handle, and much more.

Launch Mortgage Tools

Tool Description
Simple Loan Payment Calculator:
Given the amount of the loan, the interest, and the number of years of the loan, calculates the monthly payment amount.

Balloon Mortgage Calculator:
Given the principal balance, type of balloon loan, initial interest rate, monthly pre-payment amount (if any), calculates your payment for the initial period, displays an amortization table for that period, calculates your balance after the initial period, and displays an amortization of your interest rates and payments for the duration of the loan.

Biweekly Mortgage Calculation:
Given the principal, annual interest rate and length of the loan, calculates the principal remaining for each year of the loan. Displays the difference in the remaining balances for biweekly payment method.

Mortgage Pre-Payment Calculator:
Given the loan amount, interest rate and desired length of the loan or desired monthly amount you wish to pay, calculates your monthly payment and the amount of interest you will save on the loan.

Mortgage Payment Tables:
Given minimum and maximum values for the principal and interest, and the length of the loan, calculates a table of appropriate monthly payments.

Mortgage Affordability Calculator:
Given your annual income and other information, claculates the maximum purchase price that you can afford.

Loan Qualification Calculator:
Given the monthly mortgage principal and interest, annual property tax, annual home insurance, expected monthly debt, sale price of the home and your downpayment amount, calculates what kind of income lenders will expect you to make to qualify for the loan.

 

Call Jimmy Franklin at 281-599-6580