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Needed pencil and paper - to answer some key questions - awkward.
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very awkward to get the level of detail needed. I wanted detailed comparisons, and some key questions answered, not just a semi-useless summary. I wanted to determine what the short, mid and long term financial benefits would be in refinancing our current mortgage now that interest rates have dropped. The calculator also supports the input and display of multiple currencies. Choose between no rounding, round half up, half down, to even, to ceiling and to floor. Multiple rounding options on loan calculations are also available. The calculator supports Canadian mortgages along with UK annual rest mortgages. Choose up to ten additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.Ĭhoose from weekly to annual loan payments and adjust the compounding period from daily through annual periods. Add one-off, monthly and annual extra payments. You can pay off your mortgage early with extra payments. Interest-only mortgages loans are also supported. The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates. See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance. Reverse calculate any one variable given the other three.Įnter a down payment amount or percentage and let the calculator show how large a mortgage you require. Calculate mortgage payments given principal, interest and term.
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