mortgage calculator

Calculate Your Mortgage Repayments.

You Can Calculate Interest Only and Repayment Mortgages.

Interest Only Assumes You Will Find The Capital Amount From Elsewhere, Insurance Policy Etc.
Repayment Pays A Small Amount of Capital Off Each Year Until The Loan is Repaid.
Calculation Based on U.K. System of 100 Coins in The Main Unit of Currency.
Two Versions Of The Repayment Method Available:-
1. Interest Added On A Yearly Basis. (Validated Against Building Soc. Leaflet)
2. Interest Added On A Monthly Basis. (Not Validated Against Other Source Yet!!!!)

Calculations Correct To A Few Pence, Rounding Up Differences May Occur!!
Use Mouse and Tab To Navigate......Ta....

 
1. Select Type of Mortgage :-
2. Enter The Capital Borrowed :-
3. Enter The % Interest Rate Charged :-
4. Enter The Term In Years :-
                                                                ========= 
@ Your Monthly Payment is :-
@ Your Yearly Payment is :-
A * Your Capital Outstanding is :-
B ** Your Total Monthly Payments are :-
@ Total To Lender(A Plus B), After A Paid is :-
* The Capital Outstanding Will Be The Same as Capital Borrowed If Interest Only Selected.
    Or If Repayment Selected, Will Be Zero At The End of The Term.
** If Repayment, Figure Includes Capital;    If Interest Only, Figure is Interest Payments Only.
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Nigel Watson Software. Developed :- March 1999. Enhanced :- July 2003.