Mortgage-UK 1.4
Mortgage-UK will calculate the true cost of a mortgage and enables you to compare the effect of different interest rates and overpayments.
|
24.00 
Trial
0K
Windows Vista 
Mortgage-UK will calculate the true cost of a mortgage and enables you to compare the effect of different interest rates and overpayments.
It is designed for the UK market, but may work for other country's mortgage systems. It runs on all versions of Windows.
Use Mortgage Manager to create an icon for each mortgage you are evaluating, then enter values such as the mortgage amount, fixed/discounted/capped/cashback rates and the interest calculation period as well as one-off administration costs.
Payment details are then calculated with a month-by-month break-down of the payments and the running total. You can modify the interest rate and add over-payments to see their effect on the costs. Different mortgages can then be compared to see which is cheapest over various periods of time.
But why do you need it? Because it's not possible to know which mortgage is cheapest just from the headline interest rate. Try this: Which is cheaper over 25 years? (1) A 3 year fixed rate of 4.5% with a setup fee of 300 and then a variable rate of 5.5%, or (2) A 5 year fixed rate of 5.0% with a setup fee of 200 and then a variable rate of 5.5%? If you don't know, then you need Mortgage-UK to save you money.
When you choose a mortgage it is easy to just pick the one with the lowest rate. This is not always a wise choice however since factors such as setup fees, redemption penalties and the variable interest rate all have a significant effect on the overall cost.
The only sure way to find the cheapest is to calculate the payments under the different interest rates, add them up and add on the fixed costs.
Not much fun when you consider the hundreds of mortgages on the UK market and the mathematics behind them. Mortgage-UK can do all this for you and could save you thousands!
Limitations
tags
and the interest rate setup fee fixed rate and then year fixed save you variable rate when you and add interest rates different interest rates and
Download Mortgage-UK 1.4
Purchase: 
Buy Mortgage-UK 1.4
Similar software
Mortgage-UK 1.4
AJD Computing
Mortgage-UK will calculate the true cost of a mortgage and enables you to compare the effect of different interest rates and overpayments.
Mortgage Advisor 1.29
The Other Software Company
Mortgage Advisor is a powerful and easy to use application that allows you to calculate, analyze and optimize your mortgage.
Mortgage Wizard Plus 6.9
Harry Hollander
Mortgage Wizard Plus is a useful application that can calculate payments, remaining balance, amortization period, interest rate and affordable amount.
Fast Mortgage Estimator 1.21
Ashkon Technology LLC
Easy Mortgage Calculator helps you to instantly determine your monthly mortgage payments, total payments, total interest and prepayment savings with a fixed interest rate schedule.
Mortgage Solver 2.0.9
Christian Verdon
Mortgage Solver is a powerful application that was developed for your financial needs.
Mortgage Calculators 2.0
Mocalc
Mortgage Calculators is a free tool that will allow you to calculate your debt, loan, interest, bi-weekly mortgage, and mortgage.
Biweekly Mortgage Calculator 1.0
An Uncommon Way to Wealth
Got a mortgage? Making monthly payments? Too bad.
Capital and Interest Calculator 1.0
Michael J Alexander
This new and improved mortgage calculator now supports capital and interest mortgages.
Mortgage Payment Calculator 1.0
Marcy Helix
Mortgage Payment Calculator is a completely free and easy-to-use financial software.
Mortgage Minder Professional 4.0.349
CW Technical Services
Mortgage Minder is one of the most easy to use; feature rich mortgage calculators you can buy.
RSS