This is a free Mortgage Calculator to help you find the real cost of a home mortgage with detailed interest payment reports. I have two new versions, one is an iGoogle Gadget that you can add to your dashboard and the other is a flash version. I’ve included both on this page, the first one (iGoogle Gadget) will print right to your printer when you click the Print button, while the other prints it all out to the screen.
This mortgage calculator also doubles as a loan calculator and can be used for a number of purposes, including figuring the interest paid on a home loan, a car, boat and just about anything other type of loan.
Note: If you are looking for a way to figure out the value of your 401k after you retire, then check out 401kplanning.org’s savings calculator to figure out totals at any age of retirement.
Here is the iGoogle Gadget version: (Prints to the printer)
If you would like to place the calculator above onto your website, just copy and paste the following code onto your webpage:
Here is the Flash version: (Prints to the screen)
What is special about this mortgage calculator is that it reports the TRUE amount of interest you’ll be paying over the years, rather than clouded amounts that you’ll find on a mortgage lenders website.
You also find unbiased results where some online mortgage calculators guide you to buying a certain type of home loan – in fact, we have written a nice, concise guide to help you understand the HELOC, short for Home Equity Line of Credit. It is well worth the read and just may end up saving you a lot of time!
This mortgage calculator can also be used for home owners selling their own property and which to provide the buyer with a detailed interest payment sheet.
There are a lot of interest payment tools found on the web and many are extremely complex. Our mortgage calculator was designed with ease in mind, something that’s easy to use and simple to understand.
Every attempt has been made to make sure the mortgage calculator is correct and we have performed extensive testing to verify this, however, we can not guarantee 100% accuracy. Questions, comments or concerns? Simply leave a comment below.