Mortgage Payments
Our mortgage payment calculation tool aims to help people understand their mortgage, choose a loan amount that fits their budget, and shorten their mortgage term. Saving on your mortgage and shortening your mortgage term are crucial financial achievements.
How much will your monthly payments be?
Learn how a mortgage with FAIRWINDS can help you achieve the debt-free lifestyle you've been looking for.
Should you convert to a bi-weekly payment schedule?
It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar you borrow! However, there is a way to accelerate mortgage payoff using Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.
How much home can you afford?
When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all your liabilities and obligations, including auto loans, credit card debt, child support, potential property taxes and insurance, and overall credit rating. Use our home affordability calculator to determine how much of a mortgage you can obtain.