Welcome to Mark's Real Estate Calculator Toolbox designed for relocating home buyers. Part of our local Real Estate guides to The Colony TX, Frisco TX, McKinney TX, Little Elm TX and surrounding communities.

Instead of just a list of confusing calculators, we provide short explanations to make your number crunching less stressful.

Just Scroll Down The Page For Calculator Explanations

Realtor Advice From Mark: I'm not a loan expert and neither are most home buyers. These GMAC real estate calculators are helpful tools but with the ever changing Home Loan / Home Mortgage Market, it's always a good idea to ask a GMAC Mortgage Loan Officer any specific questions you will have. I have arrangements with local area GMAC loan officers where you can call and simply ask them any home loan or credit score questions you have without any concern about being pressured. Call me, Mark Hitz, Realtor, at 214-514-1800 and I will provide you with a local GMAC Mortgage Loan Officer's name and phone number so you can get the answers you need to make the best decisions.

How Much Home Can I Afford? Calculator

The "How Much Home Can I Afford?" real estate mortgage calculator will help you get a quick estimate of what type of house payment and loan amount you can afford based on your current total monthly income and debt payments. It's a good idea to know this before you start searching homes for sale. Fill in the needed information and click the Calculate button for results.

Rent vs. Own Calculator

This GMAC real estate "Cost Of Renting vs Owning A Home" calculator allows you to compare the basic financial advantages and disadvantages of owning vs. renting a home. The real advantages of owning a home are not found on a calculator. Fill in the needed information and click the Calculate button for results.

Fixed Rate Mortgage Payment Calculator

This GMAC real estate "simple mortgage payment" calculator allows you to estimate mortgage payments for any fixed rate loan. Complete the needed information and click the Calculate button to find out your mortgage payment.

Amortization Calculator

This GMAC real estate "Simple Amortization" calculator allows you to calculate a fixed-rate amortization schedule. This real estate calculator shows how much you pay towards loan interest (tax deduction) and loan principle (amount you still owe) on your home loan for various years. Fill in the needed information and click the Calculate button for results.

You Have Questions We Have Answers

Chances are, you have some personal financial questions that you would like to ask of a knowledgeable resource. I have arrangements with local GMAC Mortgage Loan Officers to field my clients questions in a "privacy respected environment" without any concern about using GMAC Mortgage for your Home Loan. Contact your GMAC Hitz Team Realtor for more details. 214-514-1800.

Save by Making an Extra Payment Calculator

This GMAC real estate mortgage prepayment calculator shows you how much sooner you pay off your loan by making extra payments. Fill in the needed information and click the Calculate button for your mortgage prepayment savings.

Refinancing Calculator

This GMAC real estate Mortgage Refinance calculator will help you determine what your monthly savings might be if you refinance your mortgage now. Unlike the lenders TV commercials, let's be straight on this. There are potential advantages and DISADVANTAGES to refinancing your home loan. Fill in the needed information and click the Calculate button to find your mortgage refinance savings.

Savings Calculator

This GMAC real estate Savings Calculator can help you set your savings goals by calculating not only how much you need to save each month to reach your goals, but also how long it will take you to reach them at your current level of savings. I recommend to my clients to lower their stress by using this calculator to create a "Miscellaneous Home Buying | Home Selling Fund" to cover "low dollar amount" expected and unexpected costs. Fill in the needed information and click the Calculate button for results.

How Long to Pay Off My Credit Cards? Calculator

Credit is a way of life for most people and high credit scores mean better interest rates on home loans. Either you manage your credit or it will manage you. Significant Credit Card Debt lowers the $$$ a lender will approve you for a home loan. Major Credit Card Debt may keep you from being approved for any home mortgage altogether. Negative credit card information on your credit report lowers your credit score and increases the interest rate lenders will offer you for a loan. This GMAC Real Estate "credit card payoff calculator" will tell you how long it will take you to pay off your credit card bills with the amount you pay now, and how much more you would have to pay each month to eliminate your credit card debt even sooner. Fill in the needed information and click the Calculate button for results.

What It Takes to Become a Millionaire? Calculator

This millionaire calculator shows you how long it will take you to become a millionaire. Fill in the needed information and click the Calculate button for results.