How Much Home Are you Able to Afford?: Financial Calculator Use this financial calculator to find out how much home you can afford

Monthly Payments & Schedule for your new home: Monthly loan payments java mortgage calculator

Determine Tax Savings for each year you own your new home: Find out how much each mortgage payment saves you on your taxes due to loan interest

Which loan program is right for you: Calculate mortgage payments for three different scenarios at once at once

Many people ask, "Should You Rent or Buy?": Are you better off financially if you rent a home in Maryland or should you buy? Annapolis Real Estate and Anne Arundel County Real Estate.

Which way should you go? Fixed or Adjustable Rate Mortgage?: Compare a fixed rate mortgage to two types of ARMs, an Interest only ARM and a Fully Amortizing ARM.

Calculate your full housing obligation: Calculator that will allow you to input taxes and insurance

Adjustable Rate Mortgages: Adjustable rate on Annapolis Real Estate and Anne Arundel County Real Estate mortgages information and interest rate java calculator

Cost of living calculator: Are you moving from another area to Annapolis or Anne Arundel County? Do you need to make more or less than you are currently?

Salary Wizard: At your education and skill level, what does your profession earn in the area you're moving to?

What about a Balloon Mortgage?: A balloon mortgage can be a great alternative from the traditional loan for some home buyers.

Mortgage APR Calculator: Make your comparison shopping easier by using this calculator to determine the annual percentage rate (APR). Enter the information pertaining to any loan to find out the true cost to the borrower.

Is interest only right for you?: Use this calculator to look at the interest cost of the loan, as well as evaluate the impact of principal payment.

15 vs. 30 Yr Mortgages-Which is best for you?: Compare these two mortgage terms.

What is the maximum mortgage payment that you can afford each month?: Determine your maximum monthly mortgage payment and the mortgage amount.

Should you buy points?: Decide if you should pay for points, or would it be more beneficial to use the money for a larger down payment.

Principal after X number of years: If you were to sell your home in 5 years, what would your mortgage balance be?

Principal prepayment calculator: A mortgage calculator that tells you when your normal payoff would be and when it would be if you paid a specific extra amount each month

Prepayment Analysis Calculator: Do you want to pay off your mortgage in a specific period of time? How much should you pay monthly to accomplish your goal?

Prepay principal or invest the money: This calculator will help you make the decision on whether it makes more sense for you financially to pay down your mortgage or put some money away in various financial investments.

Bi-weekly mortgage calculator: This calculator tells you how quickly you would pay off your mortgage if you were making the payments once every two weeks instead of once a month.  

Mortgage required income calculator: Find out the income necessary to qualify for a specific mortgage amount

Whether you are a first-time buyer or looking to move up, knowing, how much house you can buy is always the best place to start. Just as there is more than one kind of home, there is more than one way to finance it. Mortgage lenders have come up with many different methods of helping you pay for a home--each one with its own advantages and disadvantages.

Fixed-Rate Mortgage. With a fixed-rate mortgage, your interest rate stays the same for the term of the mortgage, which is usually 30 years. Your principal and interest payment remains stable, making it easier to plan a monthly budget.

Adjustable-Rate Mortgage. With an ARM, your interest rate and monthly payments start out lower than with a fixed-rate, but your rate and payments can change either up or down, depending on where interest rates in general are going.

FHA-Insured Mortgage. In this type of loan, the Federal Government insures the lender against loss in case the homebuyer defaults on the loan. This program was set up so that Americans who can't afford the 10% to 20% down payment required by most lenders can still buy a home. You do not have to be a first-time buyer in order to qualify for an FHA loan.

VA Loan. Under this program, the Department of Veterans Affairs guarantees the lender against loss. VA loans are used for active and retired military. VA loans can be used with no money down and with the closing costs paid by the seller.

Assumable or Non-Assumable. You may find a home with a mortgage loan you can "assume" from the previous owner. This means that the lender is willing to transfer the old loan on the home to you.

Before you decide which loan is right for you, talk to your loan officer. You will get information that will help you figure out which option best suits your needs.

Down payment requirements. Most loans today require a minimum down payment; although you can still get 0% percent down financing. Conventional loans require 5-10% of the sales price, while FHA's minimum requirement varies form 3-5% of the sales price. Veterans have the opportunity to use their VA certificate and purchase a home with no down payment. The down payment is payable at the time of closing.