Free Mortgage Payment Calculator

Sure enough, everything up for sale is fitted with a price tag, but when it comes to payment in a period of time, things can be a little complicated. To help out in this regard, Free Mortgage Payment Calculator allows you to set up the various details required to determine the amount of money you pay by the end of the mortgage period.

Keep an eye on the installer

You get to check out the set of features in no time at all, since the installer only takes a little of your time. However, it’s best to pay attention to every offer you accept, or “next” button you press if you want to avoid deploying additional third-party components you might not necessarily need, or want.
All the application has to offer is found in a pretty intuitive interface. Various input fields are at your disposal, and there’s also a default set of variables filled in so you get an idea of how, and what data input is required. Moreover, a large description panel explains the total cost by the end of the mortgage period, as well as where specific funds end up.

Intuitive input fields, and instant results

In order to generate the requested result, it’s enough to specify a few details, like home sales price, your down payment, annual interest rate percentage, as well as term of mortgage in years, which can be 15, 20, or 30 years. The rest of the fields show related results as you type, and are also editable with values for actual loan amount, monthly principal and interest payment, and estimated annual taxes and insurances.
Sadly, the application is not capable of saving results to file, so you need to manually extract data from fields of interest. What’s more, the detailed description panel isn’t edited, which means data can’t be extracted as easily from there.

In conclusion

Taking everything into consideration, we can say that Free Mortgage Payment Calculator is sure to help you decide whether or not you can afford mortgage payment. It deploys on your computer in a jiffy, while value fields are intuitive enough to be easily understood by individuals of all levels of experience.