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Our service will exceed your expectations! Let us help you with your real estate needs in Bethesda, Chevy Chase and Washington. Call us: 301-529-0297.
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The Best Mortgage Calculators On the Web! Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 15 vs. 30 Yr Mortgages
Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Definitions
- Mortgage amount
- Original or expected balance for your mortgage.
- Interest rate
- Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.
- Marginal tax rate
- This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.
- Monthly payment
- Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.
- Total payments
- Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
- Total interest
- Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Financing Your Home >New Loans If you are considering applying for a mortgage to purchase a new home or to refinance your present home, don't delay. Despite fluctuation in interest rates, lenders are still processing many new loan applications.
You should gather all the necessary paperwork before you apply, and submit your loan application as soon as possible. At a minimum, the information required by a lender will consist of proof of your earnings and a clear picture of your total monthly income and expenses. If you are self-employed, or have long-term obligations such as alimony or child support, the preparation time and the amount of paperwork increases.
Despite the need to move rather quickly for a mortgage in today's market, you should "make haste carefully." Shop carefully for your loan by comparing all costs and terms. With the number of lenders vying for your business, new and better deals are always appearing.
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Who is the world's largest landowner?
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| A |
The United States government, with holdings of 728.8 million acres of land.
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 See More Real Estate Trivia > |
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Team Bernstein
Harlene Bernstein & Lynne Tucker
Coldwell Banker Residential Brokerage
7272 Wisconsin Ave.
Bethesda, MD 20814
Harlene: 301-529-0297
Lynne: 301-404-0464
Fax: 301-312-6995
BernsteinandTucker@NUMBER1EXPERT.com
We are a unique team specializing in homes for sale in the Bethesda, Chevy Chase and Northwest Washington DC real estate market. We offer strong negotiating skills and creative marketing strategies honed over 35 years of success in real estate sales. We are committed to understanding our clients' needs, and determined to exceed their expectations. Our clients are secure in knowing that they are receiving the best care available so they can relax and enjoy the process of buying or selling a home.
Other neighborhoods we serve include Potomac, Rockville, Gaithersburg, Silver Spring and other parts of Montgomery County, Palisades, AU Park, Glover Park, Georgetown, DuPont Circle, Adams Morgan and more! Team Bernstein is qualified to offer all the services you need to facilitate buying and selling your property. Give us a call or email us today and let's get started!   
 
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