Mortgage Calculator

Simple and easy to use Mortgage Calculator that can calculate 15 and 30 year conventional housing loans. Application is started with default values giving an instant results and results are recalculated with every change.

A very useful feature in this app is that it will give a $ savings in interest if we pay an additional amount towards principal. Some times paying a few hundred extra $ a month can result in a significant savings in the overall interest amount during the course of the loan and justifying in the use of one type of loan over the other.

Automatic PMI calculation if the LTV is more than 80%. By default PMI is calculated until 80% LTV or a fixed number of yrs can be provided up to which a PMI will be calculated.

Monthly and overall summary available with charts for ease of use. Amortization schedule available and the results can emailed as a PDF report.

US Housing loan rates are provided.