Loan Tools

Metro Mortgage Corp. offers you 11 calculators to help you answer important financing questions. There are a number of ways to approach an affordability analysis, and these calculators allow you to assess the effects of different variables when buying a home.

	Rent Vs. Buy Calculator allows you to compare the costs of renting a residence and buying a home.
	Mortgage Qualification Calculator shows you how much income you need to buy a home, based on your income and other factors.
	Home Affordability Calculator allows you to explore the outcome of changes to your loan balance, mortgage term, and interest rate on your monthly P&I payments.
	Fixed Rate Mortgage Payment Calculator displays your mortgage payment for the term of your loan and allows you to explore the outcome of changes to your loan balance, mortgage term, and interest rate on your monthly P&I payments.
	Adjustable Rate Mortgage Payment Calculator computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap.
	Refinance Calculator will help you determine if now is the right time to refinance.
	Debt Consolidation Calculator can show you how to reduce your monthly payments and save money as well.
	Balloon Loan Payments Calculator computes the payment amount necessary to satisfy a simple loan with an optional balloon payment, using monthly interest compounding and monthly payments.
	Advanced Loan Calculator computes any one of the following given the others: the home price, number of payments, payment amount, or interest rate.
	Loan Comparison Calculator helps you compare the total cost of any two or three loans.
	Extra Payment Calculator allows you to explore the outcome of changes to your loan balance, mortgage term, and interest rate on your monthly P&I payments.