Gs4 Security: Mortgage Payment Calculator

Monday, 17 December 2012

Mortgage Payment Calculator

This simple mortgage calculator was designed for making side-by-side comparisons of different monthly mortgage payments, not including closing costs,mortgage insurance, or property taxes.Compare the monthly payment for different terms,rates,and loan amounts to figure out what you might be able to afford.You should also consider how much interest you'll end up paying in the long run. Generally, for longer terms, your payment may be lower, but the total interest may be a lot more. You also might want to try the to take into account some of the other expenses associated with home ownership.The calculator is set up to compare 5 different mortgages, but you can easily expand this by inserting more columns. Just copy and paste one of the existing columns.Making extra payments on the principal or "prepayments"can help you pay off your mortgage early and save money by not paying as much interest.This calculator lets you evaluate the effect of making an extra payment each month. Thelets you add annual payments as well as occasional lump sums.When considering the interest savings,