Mortgage Calculator : A practical and effective application worth having when you need to calculate your mortgage and amortization payments effortlessly
Mortgage Calculator is an application that gives you the possibility to determine how much money you would have to repay the bank with interest after borrowing a loan. It shows a repayment summary along with comparisons between monthly and biweekly payments.It doesn't take long to set up the loan calculator. However, you should check if your computer is equipped with .NET Framework, since the app cannot work without this software framework.
Set the mortgage parameters
As far as the GUI is concerned, Mortgage Calculator has a single window where all options are neatly stacked. You can get started by entering the mortgage parameters, namely the home value, credit profile (poor, fair, good, excellent), loan amount and purpose (refinance, new purpose), interest rate (%), loan term (years), start date, property tax, and PMI (Private Mortgage Insurance).
Study the mortgage repayment summary
Based on this information, you can learn the mortgage repayment summary with the value of the monthly and total payments, total interest paid, pay off date, total tax and PMI paid, along with the value of total monthly PMI payments as well as the PMI pay off date.When it comes to the monthly versus biweekly payments, you can find out the values of the monthly and biweekly payments, monthly and biweekly pay off dates, along with the total interest paid and total interest savings.
Cannot save loan information
Unfortunately, the developer hasn't implemented options for copying all data to the Clipboard, printing it or saving it to file. Therefore, if you want to keep the information, you have to resort to pen and paper or keep a text editor opened next to the main window of Mortgage Calculator to enter the numbers.
Finally
All things considered, Mortgage Calculator offers a simple solution for calculating loan repayments. However, you should consult a financial specialist before making any decisions regarding the bank.
Windows 10 64 bit / Windows 10 / Windows 2008 / Windows 2003 / Windows 8 64 bit / Windows 8 / Windows 7 64 bit / Windows 7 / Windows Vista 64 bit / Windows Vista / Windows XP 64 bit / Windows XP / Windows 2000
Mortgage Calculator runs on
Windows 10/11
and is available under the
Freeware
license
— the installer is 9.4 MB.
We’ve catalogued it under
General.
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