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Mortgage Calculators

The following online calculators serve as helpful tools during the mortgage process.


ARM vs. Fixed Rate Mortgage 

Use this calculator to compare a fixed rate mortgage to a Fully Amortizing ARM.


Biweekly Mortgage Payment Calculator for an Existing Mortgage

This calculator shows you the possible savings by starting to pay your existing mortgage with biweekly payments, instead of monthly payments.


Home Rent vs. Buy Calculator

Are you better off buying your home, or should you continue to rent?


Mortgage Calculator

Use this calculator to determine your monthly mortgage payment and amortization schedule.


Mortgage Debt Consolidation Calculator

This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you.


Mortgage Payoff Calculator

Save thousands of dollars in interest by increasing your monthly mortgage payment.


Mortgage Refinance Calculator 

Should you refinance your mortgage? Use this calculator to determine when you will break even on a mortgage refinance.


Mortgage Tax Savings Calculator

Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.



The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

Copyright © 2017 Midland States Bank. NMLS #411141. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and terms are subject to change without notice.