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Where can one find a mortgage calculator that allows extra payments to be made?
Wiki User
∙ 11y ago
Your money page dot com is one of many places you can find a mortgage calculator online to calculate extra payments. Another place to check is mortgage calculator dot info. There are many choices online to pick from.
Wiki User
∙ 11y ago
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What is an extra payment mortgage calculator used for?
In most cases one has the possibility to make extra payment on a loan. By doing so the loan gets paid back earlier and one saves interest payments. An "extra payment mortgage calculator" calculates those savings.
Where can one find a free mortgage calculator online?
Free mortgage calculators can be found on the following websites: "Bankrate", "Right Move", "Money Extra", "Scotia Bank", as well as "Mortgage Calculator".
Does making extra principal payments to your mortgage have any affect on your credit rating?
Yes, it will shorten the time in which the mortgage is on your credit report.
How much does an extra payment a year knock off a 30 year mortgage?
If I send in an extra payment a year or 2 extra payments a year how much time would that knock off my 30 year mortgage?
How can I pay off mortgage fast?
You can pay off your mortgage fast by making large extra payments or paying a large extra amount with your mortgage payment. For example, a $150,000 mortgage at 5% for 30 years, paying $300 extra per month reduces the number of monthly payments by 159, or 13.25 years, and reduces the interest and total paid by $68,321.30. If you want it paid off sooner, paying $600 extra per month reduces the number of monthly payments by 218, or 18.17 years, and reduces the interest and total paid by $91,039.96.
What would I need a mortgage amortization calculator for?
The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage.
Where can I find an online monthly mortgage calculator?
An online monthly mortgage calculator can be found at: http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx. This tool allows you to enter additional payment amounts so you can see how the extra payments will effect your balance.
What does a mortgage amortization calculator do?
The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage. So it will help you keep track of your mortgage and let you know how things stand.
What is an extra payment mortgage calculator used for?
In most cases one has the possibility to make extra payment on a loan. By doing so the loan gets paid back earlier and one saves interest payments. An "extra payment mortgage calculator" calculates those savings.
What kind of information will I get if I use mortgage calculators?
A mortgage calculator is a good tool to use when shopping for mortgages. It is a way to compare mortgages rates so that you choose the best one for you. The other information you can get from a mortgage calculator is estimating monthly payments. You can also see how extra payments affect the payment date. Lastlly you can calculate a payoff date. This can help you plan your payments to pay off the mortgage loan early.
Can I download an app for an Amortization mortgage calculator?
Yes, you can get an app for your iPhone for an amortization mortgage calculator at the following site...itunes.apple.com/us/app/mortgage-calculator-extra/id396886949?.
Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?
A house is the largest purchase most of us will ever make so it's important to calculate what your payment will be and how much you can afford. The mortgage calculator will show you how much your monthly payment will be. It can also show the effect of adding extra payments. Watch our "How To" video on how to use the mortgage calculator.
Where can one find a free mortgage calculator online?
Free mortgage calculators can be found on the following websites: "Bankrate", "Right Move", "Money Extra", "Scotia Bank", as well as "Mortgage Calculator".
Let a Home Refinance Calculator Show Your Possible Payments?
A home refinance calculator can show you your possible future payments after refinancing your home mortgage. By spreading out the amount you owe over a longer period of time, or obtaining a lower interest rate, you can often reduce your monthly payments. This extra money can be used to help plan for retirement, supplement your investments, or pay for your children's schooling. Because there are costs involved with refinancing your home mortgage, the calculator can also help you determine whether or not refinancing will benefit your particular home loan.
If you are adding extra to your monthly mortgage payments to put in your escrow will your payments go down after one year?
no not neccesarily
extra home loan repayment calculator?
Take control of your mortgage with our extra home loan repayment calculator. Easily estimate savings by making additional payments towards your home loan. Plan ahead and accelerate your journey to debt-free homeownership with our intuitive tool. Start exploring smarter financial strategies today.
Does making extra principal payments to your mortgage have any affect on your credit rating?
Yes, it will shorten the time in which the mortgage is on your credit report.
