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Or you can use your monthly earnings to determine via a loan calculator
house you can afford without overheating your household budget.
A great advantage of loan calculators is to compare loan offers. A loan calculator can make
job of comparing two or more loans to find
best deals.
Loan calculators can also be helpful when consolidating or refinancing your debt. You can compare your current loan with
new loan offers and decide if you will be saving enough to make
transition to a new loan.
A loan calculator can also help you see how much you will have to pay in interest and principal payments each month. Thus you can establish a monthly repayment amount that is best for you, where you are paying off
principal as well as
interest. A loan calculator can help you setting up your household budget and savings plan for
coming years.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.