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A Good Mortgage Calculator
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Last update : November 2011
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| One of the problems I have with most mortgage calculators available on the internet is that they're all far too simple.
The problem with simple is that a mortgage for most people is an extremely large loan therefore we should seek the most detailed financial information available.
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| So check out this Excel based mortgage calculator from http://www.vertex42.com. It was developed for the American market so I've changed a few details, including replacing £ for $ signs.
Some other points to note -
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- This Calculator is for repayment style mortgages and won't be any use for interest only deals - see this link for a simple interest only mortgage calculator
- Click on the small red triangles at the top right edge of each box in the Excel file for more information
- Play around with various figures and interest rates, see how the mortgage stacks up if rates were to climb say 3% or 4% - would you still be able to afford the repayments?
- Scroll down for detailed information of how every monthly payment affects the loan
- More mortgage spreadsheets are available on this link
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| Summary |
| Use this excellent mortgage calculator in conjunction with our FREE guide - how to get the right mortgage at the best price - and you won't go far wrong. |
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FREE Report: How to get the right mortgage at the best price
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It takes just 4 easy steps
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How to make sure you don't overpay on charges
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Learn to quickly sort through the market maze |
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How to get a flexible deal - why this is so important
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Download the Free Report |
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Read more in the Mortgage section:
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| Looking for something? Then search this site: |
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