| Loan Type | Rate | APR | |
| 30 years fixed | 5.81% | 6.01% | |
| 15 years fixed | 5.55% | 5.83% | |
| $30k Home Equity Loan | 8.24% | - | |
| Last updated:05-18-2008 | |||
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Use mortgage calculators to help you
When you consider a mortgage you can use mortgage calculators to help you take the right decision.
Mortgage calculators usually used in two ways
1. to calculate the monthly payment given the mortgage amount you want to take, the mortgage interest rate and the number of years.
2. To calculate the mortgage total amount you can take given the monthly payment you want to bear, the mortgage interest rate and the number of years you want the mortgage to be.
The Math Guy…-)