John Foster Real Estate
inquire@jfre-usvi.com
phone 340-776-5000 & 340-775-9000
fax 340-775-3301
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Mortgage Calculator

Paying off Credit Card Debt with Minimum Payments

Credit card minimum payments may seem convenient on the surface, but only making the minimum payment each month can be quite costly and, it can take you several years to finally get your credit card paid off. ... ...

Interest-Only Calculator

When applying for a mortgage loan for your home, you can choose between a standard loan and an interest only loan. With an interest only loan, you will pay only on the interest when you make your monthly payments and you will eventually be called upon to pay the principal... ...

Interest-Only with Additional Payments Calculator

If you take out an interest only loan and then make additional payments, you might be able to save yourself some money over the long haul... ...

Mortgage Length Calculator

If you start to pay more or less toward your mortgage each month than the original payment amount, you can save or add a number of years to the length of your mortgage. Even the difference of just $40 can save you a couple of years or add a couple years to the length of your payment... ...

How Much Will My Payments Be?

As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment... ...

Mortgage Principal Calculator

Determining your mortgage loan principal - money you still owe to the bank for your house, can be very beneficial, particularly if you are looking to pay your mortgage off ahead of time. In order to figure out your remaining balance, you only need to know the loan amount, the interest rate on your loan, the length of your loan, and how many months you have already paid... ...

What if I Pay More Every Month?

When it comes to a home mortgage loan, you can actually pay off the loan much more quickly and save a great deal of money by simply paying a little extra each month... ...

Should I Pay Points to Lower My Interest Rate?

When applying for a mortgage, you will most likely be presented with the option to pay points to lower your interest rate. In order to determine if this investment is worthwhile for you, you will need to know the amount of your loan, the interest rate before the purchase of points, and the interest rate after the purchase of points... ...

Payment per Thousand Financed

When taking out a mortgage loan, you might be interested in knowing how much money you are actually paying for every thousand dollars you borrow. The amount you pay for every thousand dollars will change depending upon the total amount of your loan... ...

What is The Real APR for That Loan?

Did you know that the advertised APR and the APR you really pay on a loan isn't necessarily the same? It's true! By the time you include other factors such as closing costs, your APR will not be exactly what you thought it was... ...

Should I Refinance?

Deciding whether or not you should refinance your home mortgage depends upon several factors. It also depends upon whether you are looking to simply reduce your monthly payment or if you are hoping to save money in the long run... ...

What is Better: take a Second Loan or Pay PMI?

When you take out your home mortgage loan, you might want to consider taking out an 80/15 loan in order to avoid PMI. By going this route, you could potentially save a great deal of money, though your upfront costs may be a bit more... ...

Standard vs. Bi-Weekly

When you set up your mortgage payment repayment plan, you can choose between a standard repayment plan or a bi-weekly repayment plan. With the standard plan, it would take you 30 years to repay the loan while a biweekly plan will take 25 years and 3 months... ...

Tax Benefits Calculator

When determining your tax benefits, you need to gather together quite a bit of information. Among the pieces of information you will need are:
   
After plugging in all of this information, you can determine the tax benefit of your home, which will help you determine the amount you are really paying for your mortgage each month... ...

Should I use HELOC to Lower My Debt Payments?

HELOC stands for Home Equity Line Of Credit. HELOC is an option you might want to consider if you have certain amount in your home equity and your debt payments are more than you can afford to make each month... ...

Buy vs Rent Calculator

Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home... ...

How Much Income do I Need in Order to Qualify?

If you have finally found your dream home and you haven't pre-qualified for a loan yet in order to see how much you can afford when it comes to buying your home, you can work backwards instead. By plugging in certain information, such as the cost of the home, how much the interest rate on the loan is likely to be, and how much you will pay as a down payment, you can determine how much your income will need to be to qualify for the mortgage loan on the home you love... ...

Affordability Calculator

Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home. To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making... ...

Canadian Mortgage Calculator

If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be... ...

Which Loan is Better?

While shopping for a home mortgage loan, you will be presented with different loan options. Plugging this information into the loan comparison calculator will allow you to determine which one is the best option for you... ...