Calculators

Wondering what your payment might be? Use our calculators to perform mortgage-related calculations such as your expected monthly payments.


Conventional Mortgages

 

Conventional mortgage is a term which essential means the loan is not a government loan, like an FHA loan or a VA Loan.

Conforming conventional means the loan conforms to Fannie Mae or Freddie Mac underwriting guidelines.

Many of these terms are incorrectly used as interchangeable.

Fannie Mae


Federal National Mortgage Association (FNMA). Fannie Mae is a congressionally chartered, shareholder - owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

Freddie Mac


Federal Home Loan Mortgage Corporation (FHLMC). Freddie Mac, just like Fannie Mae, does not make home loans directly to consumers, rather they buy mortgages from lenders and sell them as securities on the secondary mortgage market.