DOCUMENTING ONE MAN'S JOURNEY TO BECOMING A PROPERTY MILLIONAIRE

Sep
30
2007

Mortgage Calculator

Category: Mortgage Advice

Here’s a useful tool that calculates your monthly moretgage payments. It takes into considering the amount you’re borrowing, and the life-span of your loan.

The tool is useful for people with existing mortgages, so for example, they can calculate how their payments would differ if their was a change in interest rates. Additionally, it provides useful information for those thinking about getting a mortgage- this will calculate how much their payments would be.

Mortgage required
(omit commas)
£  
Repayment period
(omit commas)
   years
Interest rate
(enter 10% as 10)
   %
       
Monthly repayment
(omit commas)
£  
(Interest only)
£  
But be careful, at 12% it will be:
£  
(Interest only) £  
     

 

Attention! If you're new here, you may want to subscribe to my RSS feed so you're notified of all new blog entries.


Previous / Next Article in this Category
Category:
<< previous article in this category:
>> next article in this category:



[…] It’s more than likely that paying off a mortgage within 5 years isn’t realistic for the majority of people, but 15 years should be a realistic target we should all be striving for. Paying your mortgage off in 15yrs, as opposed to 25yrs will save you a staggering £42,121. Put it this way, pay an extra £200 a month, you’ll save yourself £42k. Now that’s got to be food for thought… If you want to calculate how much you could save on your specific mortgage, you can use my Mortgage Calculator. […]

1

[…] previously put up a Mortgage Calculator; but because a lot of people have been paying their mortgages with credit cards, I decided to go […]

2

[…] of articles about it and it will really help you a lot. propertyinvestmentproject.co.uk  also has Mortgage Calculator for your to calculate the cost of your Mortgage […]

3

[…] to be, then I surely need to find myself a good investment property. Can somebody point me to a mortgage calculator […]

4
Add Comment
Name (required):
E-mail (required - never shown publicly):
Your Comment: