


No home equity line of credit, or HELOC, option: Rocket Mortgage only offers a fixed-rate home equity loan that provides your funds as an upfront lump sum. If your project is something small, such as renovating a guest bathroom, it may not make sense to take out such a large loan. The following table shows locally available mortgage rates which you can use to help calculate your monthly home loan payments.High minimum loan amount: A minimum loan of $45,000 is high, although that depends on what you’re using the funds for. A few of our software innovation awards are listed below: Since its founding in 2007, our website has been recognized by 10,000's of other websites. :) Some of Our Software Innovation Awards! Click the clear button and enter new loan details and it should work like a charm.

While this calculator is quite flexible, if multiple fields are left blank when you click the find button the calculator will produce an error that will need cleared before the calculator will work again. In addition to all the above options, this claculator comes with a printable loan schedule.You can also test different interest rates to compare different loan options.You can test the savings from bi-weekly payments vs a traditional montly mortgage payment by increasing the number of payments per year.

