Mortgage Calculator / Home loan Calculator has been created keeping in view the needs of the people looking for buying home/property.
This Mortgage Calculator lets you compare 3 scenarios side by side with default values as 30 years, 20 years and 15 years.
If you are looking for a house or a real state Agent or a lending Agent, this is a must have tool.
The important feature of the tool is that it calculates the Mortgage Amount / EMI on the real time basis (the value changes as you change the parameter).
This Home Loan Calculator also lets you know how much you will save in interest payments by just paying 10-20% extra.
This Calculator is a very user friendly calculator requiring minimum clicks from the user.
Overall a very handy tool for your day to day needs.
The Tool can also be used to calculate the monthly payments for other loans like
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The updated version of Mortgage Calculator / Home Loan Calculator has the slider for the home value. The Home value changes in increments by 5000. Also, the layout has been changed to be more interactive and helpful for users...
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Mortgage / Home Loan Calculator has default comparisons for loans for 30 Years, 15 Years and 20 years term.(Eye Opener and very useful comparison)
Do you know that you pay more than 2-3 times in interest for loans for 30 years compared to 15 years (depending on interest rate).
Do you know that interest rates are low on 15 years loan than 30 years