Mortgage Calculator

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Amortization calculator - An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Amortization schedule - An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models.

Mortgage button - A Mortgage Button is a plug, typically made of ivory, which marks the payment in full of a mortgage on a house. According to the mortgage button is placed over a hole drilled in the staircase, which contains the mortgage or its ashes.

Suggested Web Sites

Mortgage-calculators.org - Covers a wide range of financial situations related to real estate.

Mortgage Specialist Dana Middleton - Scotia Bank - Provides assistance in obtaining mortgage financing as well as tools and resources such as mortgage rate information, mortgage calculators, mortgage qualifer and quick total equity calculators.

Vipps.com - Calculate mortgage payment and closing costs.

Source: BazSites.net

Web Links

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Even More...

Mortgages for Dummies : "Mortgages For Dummies" includes new and revised material including expanded coverage of subprime and adjustable-rate mortgages, as well as updated worksheets and tools to help calculate the costs of and payments associated with a mortgage.

Texas Instruments BA II PLUS Calculator : Ideal for finance professionals and students, this easy-to-use calculator delivers powerful features such as cash-flow analysis and advanced statistics. Solves time-value-of-money calculations such as annuities, mortgages, leases, savings, and much more.