ERATE Expands Vast Collection of Mortgage Calculators and Online Financial Tools

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Home owners and other consumers in search of financing can take advantage of ERATE's expanding and comprehensive array of nearly 20 mortgage calculators and useful tools for financial analysis.

Consumers now have access to a greater collection of specialized mortgage calculators and online financial tools than ever before through ERATE's website.

Their vast yet easy-to-use collection of tools covers everything from calculating mortgage payments, emphasizing different loan variables, to debt consolidation.

"ERATE is not just about providing great rates and a high level of customer service," said Jeff Howard, CEO of ERATE ( "Our goal is to provide consumers with information and resources they can use to manage and meet their real estate financing objectives. ERATE hopes to offer relevant, useful information that puts them in the driver's seat when making these important financial decisions. The consumer must be in control in order to make choices that best meet their own financial needs and interests."

An overview of nearly 20 calculators and tools is available here:

Examples include:

  • Monthly Mortgage Payment Calculator

Allows you to explore the results of changes to your loan balance, mortgage term, and interest rate and the impact these changes will have on your monthly mortgage principal and interest payments.

  • Interest Only Calculator

Although interest only calculations are quite simple, calculators available on the web for this purpose are all too rare. This calculator gives you a quick look at what your interest payment will be each month.

  • Refinance Mortgage Calculator

Should I refinance? Explore the pros, cons and options of refinancing your current mortgage.

  • How Much Do I Qualify For?

This calculator shows you how much income you need to purchase a home (based on standard loan underwriting guidelines). Compare and contrast income, mortgage payments and other factors.

  • JAVA Mortgage Payment Calculator

This mortgage calculator displays your mortgage payment for the term of your loan and beyond.

  • Debt Consolidation Calculator

The Debt Consolidation Calculator will show you how to reduce your monthly payments and hopefully save you money in the process.

  • Mortgage & Bond Market Update

Get current Mortgage and Bond Market commentary, an Economic Calendar, U.S. Treasury and Bonds Yields, Analysis of Market Direction, Interest Rate Trends, Current Index Yields and Market Report Archives.

  • Market Commentary

Commentary on the markets which impact mortgage rates.

ERATE ( is comprised of experts within the mortgage loan industry. The founders have over 40 years of loan origination experience. In 1992 Loan World, which became part of ERATE when it merged with Progressive Capital in 2000, was the first mortgage lender to originate a mortgage over the Internet and in 1994 created the first online loan application.

ERATE is licensed with the California Department of Real Estate as a California Broker (DRE Lic. #01292265). ERATE is approved with many wholesale mortgage lenders and banks throughout the country; these lenders provide their best rates to compete with one another throughout our network.


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