When looking for a mortgage, one of the most crucial aspects is calculating how much you can afford to borrow. This is where mortgage calculators come into play. They allow you to calculate your monthly mortgage payments based on factors such as loan amount, interest rate, and repayment terms. However, some calculators require personal information, which makes many individuals uncomfortable. In this article, we’ll introduce you to the 5 best mortgage calculators that don’t require personal information, helping you make a more informed decision when it comes to your mortgage.
1. Bankrate Mortgage Calculator:
The Bankrate Mortgage Calculator is an excellent tool for getting an idea of your monthly mortgage payment. It allows you to enter your loan amount, interest rate, and amortization period. Unlike other calculators, it doesn’t require personal information such as your name, email address, or phone number. The Bankrate Mortgage Calculator also has an option for calculating your monthly payments with PMI (Private Mortgage Insurance) if it’s required.
2. MortgageCalculator.org:
MortgageCalculator.org is another online calculator that can help you calculate your monthly mortgage payments. It’s a simple and easy-to-use tool that provides you with quick results. The calculator requires you to input information such as loan amount, interest rate, and loan term. It doesn’t ask for personal information and provides you with results instantly.
3. Zillow Mortgage Calculator:
Zillow Mortgage Calculator is one of the most popular mortgage calculators out there. It’s a straightforward tool that only requires you to enter basic information such as the home value, loan amount, and interest rate. The calculator also provides you with an option to input property tax and PMI. It’s a reliable calculator that doesn’t require any personal information.
4. The Mortgage Professor:
The Mortgage Professor is a useful website that provides a range of tools and articles to help borrowers make more informed decisions. One of their main tools is the mortgage calculator. It’s a comprehensive calculator that allows you to input a variety of factors, including income, expenses, and credit score. The calculator doesn’t require any personal information and provides you with detailed information on your monthly payments, taxes, and insurance.
5. NerdWallet Mortgage Calculator:
NerdWallet Mortgage Calculator is a fantastic tool for calculating your mortgage payments. It’s easy to use and only requires you to input basic information such as loan amount, interest rate, and loan term. The calculator also offers options for property tax, PMI, and HOA fees. NerdWallet Mortgage Calculator doesn’t require any personal information, making it a user-friendly option.
In conclusion, mortgage calculators are essential tools when it comes to calculating your mortgage payments. Fortunately, there are many calculators available online that don’t require personal information. The above mentioned 5 calculators are some of the best options available, and they can help you get an idea of how much you can afford to borrow without any privacy concerns. Use these calculators and make a more informed decision when it comes to your mortgage.
