Question 1

How is my monthly mortgage payment calculated?

Accepted Answer

Your monthly mortgage payment is calculated using the loan amount, interest rate, and loan term. COMFYcalc also factors in property taxes, homeowners insurance, and HOA fees for a complete estimate. FHA and VA loans include additional insurance premiums.

Question 2

What types of loans does COMFYcalc support?

Accepted Answer

COMFYcalc supports Conventional (15 and 30 year), FHA (15 and 30 year), VA (15 and 30 year), and USDA (30 year) mortgages, as well as auto loans for new, used, and refinanced vehicles, and personal loans.

Question 3

How does my credit score affect my loan rate?

Accepted Answer

Your credit score significantly impacts your interest rate. Scores above 760 can reduce rates by up to 0.375%, while scores below 640 may increase rates by 1% or more. COMFYcalc lets you adjust your estimated credit score to see how it affects your payments.

Question 4

Is COMFYcalc free to use?

Accepted Answer

Yes, COMFYcalc is completely free to use. No sign-up is required for basic calculations. Creating a free account unlocks additional features like calculation history, insurance estimates, and the AI-powered Picture It vehicle analysis tool.