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Covenant Mortgage & Investment Group offers you 6 calculators to help you answer important financing questions. There are a number of ways to approach an affordability analysis, and these calculators allow you to assess the effects of different variables when buying a home.









 

Refinance Calculator
 will help you determine if now is the right time to refinance.

 
Amortization Calculator
Amortization is a means of paying off the principal loan sum plus interest over a fixed period of time, so that by the end of the term, the principal is eliminated. The Amortization Calculator will help you determine what your payments will be over time.


Prequalify Calculator
Make a more informed decision by finding out how much house you can afford based on your yearly income, your debts and other factors, with our Prequalification Calculator.


Monthly Payment Calculator
The Monthly Payment calculator will calculate your payments based upon the interest rates and loan amount you enter. You can enter a range of interest rates and loan values that will allow you to compare different payments.
 


 Affordability Calculator
Our Home Affordability Calculator will help you estimate the amount of a mortgage or home loan you qualify for. Keep in mind that this figure should be treated as a guideline.


Loan Comparison Calculator
Use this mortgage calculator to compare up to three different loans – fixed rate and ARM – and determine which loan suits your needs the best.
 
 
 
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