All-Purpose Mortgage Calculator
Buying Your Dream Home
What is All-Purpose Mortgage Calculator?
All Purpose Mortgage Calculator is an excellent tool for mastering conventional mortgages. Go see your banker with inside information in your pocket. Figure out the maximum house you can afford with a specific payment or how much your payments will be on your dream home. The program will also print amortization schedules and it includes year-to-date interest and total principal paid over the life of the loan.
What can I do with the All-Purpose Mortgage Calculator?
- Tremendous "what if" potential.
- Calculates all key factors of a monthly mortgage when ANY THREE of the FOUR key parameters are specified by the user.
- Allows you to "back into" your mortgage. You indicate the loan amount, term of the loan, and the payment amount, and it will tell you what interest rate you will have to pay to meet that criteria. If you input an interest rate and leave out the term of the loan, it will tell you how long you will need to make payments at the given interest rate and payment amount. Entering the term of the loan and omitting one of the other options, will calculate that option and so on.
- Prints out a professional looking amortization schedule for you or a client.
- Determines, on any given date, your principal balance, cumulative amount of interest paid, or year-to-date totals of interest and principal paid.
- Views at a glance a summary of your mortgage data including the interest rate, loan term, monthly payment, amount of last payment, total payments, and total interest.
- Simple to use. If you can open an Excel file, you can use this mortgage tool.
Comes complete with help file documentation. Take a look at All-Purpose Mortgage Calculator in action.
Download All-Purpose Mortgage Calculator (187K)
for Microsoft Excel.
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