Mortgage Calculator
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Between 2001 and 2005, the United States, and the world for that matter, saw an increase in home prices. This has been known as the “housing bubble”. The housing bubble in the United States was actually made up of localized “housing bubbles”, and now these areas have seen a correction. So when we talk about a housing bubble, we are really talking about localized housing bubbles that took place across the United States. Factors that contributed to the “housing bubble” were historically low interests rates, poor lending practices, and basically a mad rush to buy homes.
In 2005 a correction in inflated home prices started to take place. The booming housing market seem to stop suddenly around the end of the summer of 2005. In 2006, the market continued to slow down, home sale prices continued to fall, and we started to see an increase in the home inventory. In 2007, home sales continued to fall.
We are currently in a housing financial crisis which most likely will only get worse. Foreclosures are a symptom of a housing crisis which has it’s root cause in the fact that banks and mortgage companies were providing home loans to individuals who really were not qualified to receive them in the first place. These type loans, referred to as subprime loans, has resulted in the financial crisis the United States is currently in. Subprime lending took place due to government deregulation, and basic greed displayed by banks and other lenders. Poor lending practices has led to a Wall Street crisis where firms have gone down. This Wall Street crisis has resulted in a Main Street crisis. We see that it is harder for companies to get business loans. Companies need to tighten their belts which means employee lay offs and decrease hiring. This has resulted in a down turn in the economy in the United States.
What we now see today is a tightening of the belt for the banks and loan companies. What does this all mean to you as a potential home buyer. It means that today it is more difficult to qualify for a loan to buy a house. But if you do qualify, you should be able to find a home where the price is lower then what it was during the “housing bubble”, when home prices were inflated. The correction in home prices started to take place in 2005, and know one really knows how long the correction will last.
What is certain is that the home prices are dropping, and that the drop is occurring more so in some areas of the country compared to others. Is it a good time to buy a home? Given the localization of the “housing bubble” that is taking place, it really depends on what area of the country you are talking about. The following is a map of those areas of the country which have seen inflated home prices, or what many refer to as localized “housing bubbles”.
Mortgage Calculator - Inflation adjusted home price appreciation in the United States of America, 1998-2006
Home prices measured by Home Price Index as published by Office of Federal Housing Enterprise Oversight

Now compare the following map to the one above, and you can see where the areas of the country where the real estate bubble has burst. The map above shows real estate appreciation. Fast forward to the current real estate situation, and the map below shows those areas of the country where real estate values have dropped. Many areas of the country that had an increase in value, have had a drop in value over the past couple years. So indeed, a localized bursting of bubbles has taken place.

The prudent home buyer should talk to several Realtors within their local area in order to get a feel in terms of whether a local correction is taking place. If a local correction is taking place, the wiser choice would be to watch and wait to see if prices will drop further.
If you want to buy a home today, you need to throughly do your home work, and part of that home work is to determine whether or not you can afford the mortgage payment. Calculating what your mortgage will be should be your starting point if you are thinking about buying a home. The mortgage calculator tools we provide here are the most popular tools used by Realtors. These tools are designed to help you evaluate the components that factor into buying a home and getting a mortgage. The following is our set of mortgage calculator tools.
Mortgage Calculator Tools
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This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home’s sale price, the term of the loan desired, buyer’s down payment percentage, and the loan’s interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
DISCLAIMER - Please note this mortgage calculator is for entertainment and/or research purposes only.
DISCLAIMER - Please note this mortgage calculator is for entertainment and/or research purposes only.
DISCLAIMER - Please note this mortgage calculator is for entertainment and/or research purposes only.
Mortgage Calculator - Directory of Sites
Here we provide a listing of sites which also provide mortgage calculators. So if you want to crunch the numbers using some tools other then what we present here, then this listing should be helpful.
Mortgage Calculator - Videos
Mortgage Calculator - Current Mortgage News

mortgage - Google News
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mortgage - Google News
Fannie Mae, Freddie Mac enact mortgage moratorium - Bizjournals.com
![]() ABC News | Fannie Mae, Freddie Mac enact mortgage moratorium Bizjournals.com, NC - Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 and Jan. 9, 2009. ... Fannie, Freddie Suspend Evictions During Holiday Season Fannie Mae, Freddie Mac suspend foreclosure sales Fannie, Freddie Suspend Foreclosures Through Jan. 9 (Update2) |
PREVIEW-No quick fixes seen from key UK mortgage report - Reuters
![]() Telegraph.co.uk | PREVIEW-No quick fixes seen from key UK mortgage report Reuters - By Myles Neligan LONDON, Nov 21 (Reuters) - Government guarantees for mortgage-backed bonds and allowing lenders to swap loans for easily saleable ... Home truths for mortgage lenders UK mortgage lending down 44 pct from a year ago Repossessions rise 12 per cent in three months, according to ... |
New Tack in Default Battle: Cutting Mortgage Principal - Wall Street Journal
![]() Consumer Affairs | New Tack in Default Battle: Cutting Mortgage Principal Wall Street Journal - By RUTH SIMON As home prices slide and loan defaults pile up, some mortgage companies are slashing the amount that borrowers owe, deciding that a permanent ... Avoiding foreclosures CORRECT: Modified mortgages often re-default What Securitization Problem? The FDIC Weighs In |
Minnesota AG Swanson proposes mortgage-mediation legislation - Bizjournals.com
![]() Finance and Commerce | Minnesota AG Swanson proposes mortgage-mediation legislation Bizjournals.com, NC - ... homeowners would have the right to request mediation with their lenders in an effort to renegotiate the terms of their mortgages. ... Minn. AG wants mandatory mediation in foreclosures Foreclosure mediation, relief for the 'little guy' MINNESOTA NEWS: Property tax increases? ... Foreclosure mediationi ... |
Shocks in Commercial Mortgage Trigger Selloff in REIT Stocks - Wall Street Journal
Reuters | Shocks in Commercial Mortgage Trigger Selloff in REIT Stocks Wall Street Journal - Earlier in the week, an analyst report on the potential default of a couple of commercial-mortgage deals caused a big hit to the corresponding credit market ... UPDATE 3-Economy, TARP hits US commercial property debt, stocks US commercial property investors brace for worst |
Moody's downgrades GMAC and mortgage arm - Forbes
![]() St. Louis Post-Dispatch | Moody's downgrades GMAC and mortgage arm Forbes, NY - AP , 11.21.08, 10:52 AM EST Moody's Investor Service downgraded the senior unsecured debt of GMAC LLC Friday, along with the debt of its mortgage business, ... GMAC Applies For Bank-Holding Status; Plans Note Exchange GMAC files for bank holding status Business news briefs |
UPDATE 1-US commercial mortgage bonds get respite - Reuters
UPDATE 1-US commercial mortgage bonds get respite Reuters - NEW YORK, Nov 21 (Reuters) - Yield spread premiums on a commercial mortgage-backed securities index narrowed on Friday for the first day in at least a week ... |
HUD expands mortgage modification program - MarketWatch
![]() Boston Globe (registration) | HUD expands mortgage modification program MarketWatch - "These modifications should increase lender participation and help more families who are having difficulty paying their existing mortgages, but can afford a ... US broadens rules for mortgage-aid plan Major Revamp Of Two HUD Mortgage Relief Programs To Be Pushed Mortgage aid falls short, Bush admin official says |
Fitch Downgrades 1 Class of Banc of America Commercial Mortgage ... - MarketWatch
Fitch Downgrades 1 Class of Banc of America Commercial Mortgage ... MarketWatch - Fitch does not rate the $16.2 million P and $103 million BC classes. Class A-1 has paid in full. The downgrade of class O is due to projected losses on the ... |
Mortgage rates decline - Los Angeles Times
Mortgage rates decline Los Angeles Times, CA - Rates on 30-year fixed-rate mortgages averaged 6.04% this week, down from 6.14% last week, mortgage company Freddie Mac said. Rates on 15-year fixed-rate ... Compiled from wire reports |
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