There are a variety of mortgage calculators on the web – Karl’s Mortgage Calculator has become very popular because it is easy to use and goes beyond simple calculations.
Karl’s Mortgage Calculator allows you to compute the following:
Fixed Loan Data (i.e. principal, interest rate, years, annual insurance, monthly payment amount, total interest, real interest, start date, end date, etc.)
Prepayment Data (i.e. monthly prepayment, annual prepayment, one time prepayment, total savings, etc.)
Extra Payments Data (i.e. months and amounts of additional payments)
Interest Rates Data (i.e. varying interest rates, interest-only payments, etc.)
ARM Data (fixed ARM duration, interest cap percentage, min and max interest, total payments, total interest, etc.)
It also graphs and charts very useful data – such as amortization, repayment time lines, balance, interest, annual table, monthly table, payments and a summary.
To get the calculator, click on the links below:
Karl’s Mortgage Calculator for personal computer use (in Java) >
Karl’s Mortgage Calculator App (Andriod) >