Online calculators

Published 12:01 am Sunday, October 2, 2011

Even during a tough economic spell, mortgage rates continue to test new record lows. The search for a home mortgage rate to fit your budget however, can still prove challenging.

Several websites offer calculators with a variety of features designed to assist prospective homebuyers gauge mortgage payments:

Bankrate.com: Offers calculators to gauge mortgage payment amounts and how much you can afford. www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

HGTV FrontDoor: Supplies calculator that also considers property taxes, hazard insurance and mortgage insurance. www.frontdoor.com/Tools/Calculators/Mortgage-Calculator.aspx

Homefair.com: Establish the loan amount you can qualify for by income, savings and debt payments. www.homefair.com/tools/mortgage-affordability-calculator/index.asp

Mortgage calculator: Straightforward calculator for determining a mortgage repayment. www.mortgagecalculator.org/

More mortgage calculators: Features mortgage calculators that based on payment, term, affordability and refinancing and saving. www.financialcalculator.org/mortgages/

McClatchy-Tribune News Service