1&1 GREEN Hosting...





  
Home  >>  Categories  >> 

Money

 >> 

Mortgage Comparison



Description:  This calculator calculates the monthly payments and outstanding loans for two different mortgages, taking account of different interest rates and fees, so that a comparison may be made between them. Note that the 'Comparative Total Cost' figures shown include an allowance for the incidence of payments (eg paying 1,000 all up-front is considered to cost more than paying 1,000 evenly over a period, due to the time-cost of money) - this is why the 'Comparative' figures differ from the sum of the 'Total paid during period' plus the 'Outstanding Loan Amount at end'.



INPUTS:

 Mortgage Loan Amount :-   
  


 Mortgage 1: 
 Initial Interest rate (%) :-   
  
 Initial Period (in years) :-   
  
 Subsequent Interest rate (%) :-   
  
 Fee(s) paid Upfront :-   
  
 Fee(s) Added to Loan :-   
  
 Repayment or Interest-only? :-   
  
 Total Term (in years) :-   
  


 Mortgage 2: 
 Initial Interest rate (%) :-   
  
 Initial Period (in years) :-   
  
 Subsequent Interest rate (%) :-   
  
 Fee(s) paid Upfront :-   
  
 Fee(s) Added to Loan :-   
  
 Repayment or Interest-only? :-   
  
 Total Term (in years) :-   
  







RESULTS:

 Mortgage 1  Mortgage 2 
 
 Initial Monthly payments :-   0   0 
 Subsequent Monthly payments :-   0   0 
 
 Shorter Initial Period: 
 Total paid during period :-   0   0 
 Outstanding Loan Amount at end of period :-   0   0 
 Comparative Total Cost as at end of period :-   0   0 
 Comparative Total Cost as at start of period :-   0   0 
 
 Longer Initial Period: 
 Total paid during period :-   0   0 
 Outstanding Loan Amount at end of period :-   0   0 
 Comparative Total Cost as at end of period :-   0   0 
 Comparative Total Cost as at start of period :-   0   0 




   NEWSFLASH:  We need your help!   Could you contribute good-quality, useful calculations for inclusion in our Network?  Contact us now to register an interest in contributing, or just make a suggestion for a new calculation!



Home   |   Categories   |   Conversions   |   Privacy Policy   |   Contact us

Copyright © 2007-2019. All Rights Reserved.

Valid XHTML1&1 Hosting...Valid CSS