Tiny Mortgage Calculator 1.0
Tiny Mortgage Calculator is a free Windows application that lets you quickly calculate some essential mortgage-related figures.
|
0.00 
Freeware
0K
Windows Vista 
Tiny Mortgage Calculator is a free Windows application that lets you quickly calculate some essential mortgage-related figures. Simply enter the amount to be financed, the interest rate and duration of the loan.
After entering those three numbers into the Tiny Mortgage Calculator, click on the "Calculate" button and you will immediately see how much you would have to pay monthly and yearly.
You will also be able to find out how much you would have to pay in finance charges and what percentage of the principal they would represent. Finally, the total cost of the loan will be displayed.
For example, if you enter $100000 as the loan amount, 6% as the interest rate and 30 years as the duration of the loan, you will see that your monthly payments will be $599 or $7194 per year. In addition to the principal you would have to pay $115838 in finance charges, which is 115% of the principal. In total, you would have to pay $215838.
If you now change the loan duration from 30 years to 15 years, you will see that your monthly payments will increase to $843. Your total finance charges will drop to $51894, or 51% of the principal.
It is no surprise that the longer is duration of the loan, the more is the percentage of the finance charges. In addition, although your monthly payments will decrease, they will never get below the amount of the loan multiplied by the monthly interest rate.
In our example, if the mortgage amount is $100000 and the monthly interest rate is 0.5% (5% / 12), the monthly payments will always be at least $500. You can quickly verify that by selecting Duration-other and entering a very long loan duration, for example 1000 years.
tags
the loan you would finance charges the principal payments will monthly payments you will would have interest rate the monthly your monthly the amount mortgage calculator
Download Tiny Mortgage Calculator 1.0
Download Tiny Mortgage Calculator 1.0
Similar software
Tiny Mortgage Calculator 1.0
Sierra Vista Software
Tiny Mortgage Calculator is a free Windows application that lets you quickly calculate some essential mortgage-related figures.
Biweekly Mortgage Calculator 1.0
An Uncommon Way to Wealth
Got a mortgage? Making monthly payments? Too bad.
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.
Loan Advisor 1.06
The Other Software Company
Loan Advisor is a powerful yet easy to use program that allows you to calculate, analyze and optimize your loan.
Simple Mortgage Calculator 1
OnlineMortgagePlace
Simple Mortgage Calculator instantly determines your monthly mortgage loan payments, total payment amount, total interest and prepayment savings given a fixed interest rate schedule.
Mortgage Loan Calculator 1.0
An Uncommon Way to Wealth
If you’ve already got a mortgage, it’s too late to try to save money by getting a better rate or better terms.
Complex Mortgage Calculator 1
Real Motgage News
Use Complex Mortgage Calculator to calculate various different aspects of your mortgage repayment schedule.
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 Payment Calculator 1.0
Marcy Helix
Mortgage Payment Calculator is a completely free and easy-to-use financial software.
Mortgage Solver 2.0.9
Christian Verdon
Mortgage Solver is a powerful application that was developed for your financial needs.
RSS