Calculate your mortgage payment for several payment frequencies (weekly, bi-weekly, semi-monthly and monthly). Create an amortization schedule and find out what you will owe in 5 years. Discover how many years you will shorten your amortization and how much interest savings you will realize by making a prepayment (lump sum) on your mortgage. You can also determine which mortgage provides you with the best value comparing monthly payments.
Compare the financial advantage of renting versus buying based on your current monthly rent, funds towards your down payment and your desired monthly payment if you purchased a home.