Federal Reserve Board Mortgage Calculator & Rates

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Federal Reserve Board Mortgage Calculator & Rates

Posted on August 10, 2007 by Michael Novia

The Federal Reserve Board has a Mortgage Comparison Calculator that allows you to compare fixed rate mortgages vs. adjustable rate mortgages. It allows you to input an introductory rate (if there is one), rate change, rate on second mortgage (if there is one), private mortgage insurance, then it calculates and compares which is the more expensive way to go. It also calculates your estimated home equity in 5 years without a change in your homes value and no additional loans.

You can view current rates in the San Francisco Chronicle Mortgage Guide.

Filed under: Mortgage Info