Here are some its notable features that let you to:
- Compute full amortization schedule for Fixed, ARM and Balloon home mortgages.
- Calculate PMI fixed rate mortgages with automatic drop in monthly payment once LTV becomes 80%.
- Estimate savings by making additional payment each month (or one-time)
- See snapshot of a loan, including total balance, interest rate, total interest paid, monthly payment etc.
- Save complete payment schedules on external or internal SD memory.
- Determine impact of making extra payment on your loan, which can dramatically reduce the cost of loan.
- Present calculation in USD as well as in other commonly used currencies around the world.
- Compare loans to see which is best. It lets you compare up to 10 loans.
- Email amortization table using SMTP servers (with SSL authentication), such as Gmail, Yahoo, etc.
- Export and attach amortization table in CSV format.
NOTE: For other loan types, including Mortgage Points Calculation, see our comprehensive iQuick Calculator Pro.
Keywords: payment calculator, home mortgage, payment calculator, fixed rate, points mortgage
Features of the Bankrate Mortgage Calculator & Mortgage Rates app:
• Calculate monthly mortgage payments based on loan amount, interest rate, and mortgage term
• Adjust values to determine the monthly loan payment you can afford
• Use the amortization calculator to view your principal, interest and balance over time
• Calculate how making extra payments can affect your payoff, shorten your loan term and reduce total interest paid
Mortgage Rates & Payments
• Find current mortgage rates and lenders for the loan amount you’re searching for
• Adjust loan amount, mortgage type, percent down, credit score, desired points and the location of the property to get free customized rate quotes from lenders without having to disclose personal information
• Save favorite searches and calculations for future reference
Homeowners Insurance Quotes
• Quickly get quotes for Homeowners Insurance from carriers in your area
Homeownership News & Advice
• Read articles and watch videos relating to mortgages and other related topics to help manage your personal finances
• Stay informed and get advice from Bankrate.com’s expert editorial staff & bloggers
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