Calculates mortgage payment based on loan amount, length of loan, and intrest rate.
Calculates the size of the loan that the FHA is willing to insure.
You input your income, debt, down payment, and calculate what price home you can afford. The interest rate and debt-to-income ratios are variable and allow you to "play" with different scenarios.
Allows you to calculate whether it makes more sense for you to buy or rent, and is very flexible - even allowing you to determine the savings rate (opportunity cost) if you invested your extra money.
Determine your purchase range with a minimum and maximum payment under different down payment scenarios.