So you are well on the way in the real estate process. You have found a home for sale and have negotiated a great sale’s price. Now you are tirelessly visiting home mortgage lenders and have a number of mortgage rates to work with. But now what? Calculate a Mortgage with our free mortgage calculator. A Home Mortgage calculator is a tool that is used to help you determine how much you as a homebuyer is able to borrow to buy that home for sale. It is easy to use and you are able to cover all of the financial options you can make by comparing the costs of mortgage interest rates between different home loans you have been offered and the different changes caused by payment times. So sit back and enjoy our Loan Mortgage Calculator. To use a home mortgage calculator, you have to know to know the mortgage loan amount. From there, you have to calculate the mortgage interest rate per year. Before you can go on, you need to know how long your mortgage is and how frequently you will make mortgage payments. By having these figures at your disposal, you will be ready to find the right loan for you. A mortgage calculator is also effective, as it will factor in potential mortgage payment and other housing costs like property taxes and homeownership dues within its calculations. Although a mortgage loan calculator can be found easily online and a mortgage rate calculator is easy to use from the comfort of your own home, it is important that you have these figures checked out by your home mortgage lender. That is because many of the figures produced from a mortgage calculator are not meant to be exact. They are intended to be estimates that are provided to you so you can compare the relative costs and savings of different home loan rates. Additionally, many mortgage calculators are unable to factor in inflation, which is something you can assume will happen over a course of a long mortgage loan period. While it is not an exact tool, it is highly recommended that you use a mortgage calculator before you commit a home mortgage loan. It is also useful so you know what questions you can ask your home mortgage lender. That is because a mortgage lender will compare your monthly income with the monthly debt of a home mortgage loan. For the most part, mortgage lenders are weary of offering home mortgage loans to individuals in which the costs of repayment is more than 40 percent of a person’s income. However, there are some cases where a mortgage lender will still offer the loan to potential homeowners who are unable to meet the criteria.