Mortgage Calculator
This is a free Mortgage Calculator to help you find the real cost of a home mortgage with detailed interest payment report.
Below, you’ll find not only the mortgage calculator which also doubles as a loan calculator. The mortgage calculator can be used for a number of purposes, including figuring the interest paid on a home loan, a car, boat and just about anything other type of loan.
Note: If you are looking for a way to figure out the value of your 401k after you retire, then check out 401kplanning.org’s savings calculator to figure out totals at any age of retirement.
Another nice feature of the mortgage calculator is the ability to receive a detailed printout of payments and interest for the life of the loan.
I designed this mortgage calculator many years ago for a family member’s real estate website and decided to put it up here. The mortgage calculator focuses in on the TRUE amount of interest you’ll be paying over the years, rather than clouded amounts that you’ll find on a mortgage lenders website.
You also find unbiased results where some online mortgage calculators guide you to buying a certain type of home loan – in fact, we have written a nice, concise guide to help you understand the HELOC, short for Home Equity Line of Credit. It is well worth the read and just may end up saving you a lot of time!
Mortgage Calculators
This mortgage calculator can also be used for home owners selling their own property and which to provide the buyer with a detailed interest payment sheet.
There are a lot of interest payment tools found on the web and many are extremely complex. Our mortgage calculator was designed with ease in mind, something that’s easy to use and simple to understand.
Mortgage Payment Calculator
If you have any questions, comments or concerns about this free mortgage calculator, please don’t hesitate to contact me.
Every attempt has been made to make sure the mortgage calculator is correct and we have performed extensive testing to verify this, however, we can not guarantee 100% accuracy.