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what is Online Mortgage Calculator?

April 26, 2017Business FinanceBusiness Finance

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Christa Jocelyn Posted

what is Online Mortgage Calculator?

4 Answers

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Awen Thomas Posted

Online Mortgage Calculator is an effective tool to calculate your monthly mortgage payments such as interest, taxes and insurance. This amazing tool can help you to figure out the price range of homes that you may be able to afford. To calculate your monthly mortgage payment, simply enter the price of the home, your down payment and details about the home loan and find calculation instantly.

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Christa Jocelyn Posted

Thank You Awen,

Currently i’m using http://www.acalculator.com/mortgage-loan-calculator.html Calculator.

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tom smith Posted

These calculators use the amount financed, term of the loan, and interest rate to calculate the monthly payment.

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MINAKSHI MISHRA Posted

Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant.

The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount. More complex calculators can take into account other costs associated with a mortgage, such as local and state taxes, and insurance.