Aug 16, 2010

Mortgage Calculator

This calculator shows you how much your monthly payment would be based on input data for your home. But it is more than that. If you want to see your payment ratio (interest vs. principal paid) for each year click pie chart button on the calculator.

For more detailed monthly payment schedule click button showing clock. There you can follow your payments over time and see how much you’ve paid and how much is left. Clicking on the magnifier button opens even more detailed table with tax and insurance expenditures.
Settings button allows you to change frequency of the payments and PMI (Private Mortgage Insurance – protection for your mortgage lender if you bought your home with a small down payment; lower the down payment, higher the PMI)
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