A new tool developed for home buyers who are shopping for mortgages is available from the Federal Reserve. The tool will calculate mortgage payments and home equity accumulation. This great new consumer tool is a must use - it enables you to calculate mortgage payments for different mortgage products like adjustable rate mortgages, interest-only loans and fixed-rate mortgages. All consumers need to shop for the best mortgage product for their specific situation - your mortgage is one if not the biggest financial decision you will make in your life. Ask your Realtor to help you with your mortgage, a good Realtor has financial knowledge and an established working relationship with all the local financial companies. Website for this calculator is www.federalreserve.gov/apps/mortcalc or you can click on the title to get to this calculator.