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mortgage calc FAQ
Where can I find the formula & lookup table for a reverse mortgage? I want to build/code a reverse mtg calc.?
Mar 03, 2008 by ROGER V | Posted in Personal Finance
I find plenty of calculators, but I want to actually build my own so I can make it fancy with sliders to balance between lump-sum payout and monthly payments and equity line. Anyone know? Thanks much!
Tables are worth LESS for this purpose than not having a clue. If formula is EXACTLY the same as for ANY loan. If you can't figure out how to apply it without our help, you are not qualified to build the calculator you propose.
STEVEN F | Mar 03, 2008
Go to hughchou.org with your question. He's such a nice guy he'll tell you how to do it, assuming you have the skills, or he'll actually do the work for you. He accepts donations, btw.
oracle | Mar 03, 2008
without using a mortgage calc. but with a regular calc. how do u calc arm rates?
Feb 16, 2006 by ytccpr | Posted in Renting & Real Estate
FOR INSTANCE DO I TAKE THE AMOUNT OF THE LOAN (150,000)AND DIVIDE BY THE INTEREST SAY 6%. AND THEN MULTIPLY BY THE TERM OF THE LOAN SAY 30 YEARS. iS THAT THE WAY TO DO IT WITHOUT USING A MORGAGE CACULATORAND HAVING TO USE A REAL ONE?
You can't unless you have a lot of time on your hands. The reason a mortgage calculator, or financial calculator, were created is that the money needs to be itteratively multiplied by each interest period as it is moved through the months. So asking what
brian-the-brain | Feb 17, 2006
You can't unless you have a lot of time on your hands. The reason a mortgage calculator, or financial calculator, were created is that the money needs to be itteratively multiplied by each interest period as it is moved through the months. So asking what
brian-the-brain | Feb 17, 2006
How accurate are online mortgage calculators?
Nov 04, 2009 by inletts | Posted in Renting & Real Estate
How accurate are those online mortgage calculators like this one: http://www.mortgage-calc.com/mortgage/si mple_results.html? I know this one is pretty basic, but can i expect to pay pretty close to what the calculator spits out?
You will pay exactly what the mortgage calculator pops out. However there are a couple things to look out for. Many mortgage calculators assume you are putting 20% down. So make sure you change the amount you are putting down.
Also keep
| Nov 04, 2009
mortgage calc news
15-Year Mortgages Are Especially Appealing
18.05.12
The 15-year loan always charges less than the 30-year loan, because the lender faces fewer risks over the shorter loan term. But that rate "spread" is often not enough to overcome the shorter loan's downside -- a much larger monthly payment to retire the debt twice as fast. Now the spread is unusually
Source: TheStreet.com
mortgage calc about
Fixed Loan Mortgage Calculator
LoanSafe - Apr 27, 2011
month's interest calculation. If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assumed to happen before the first payment of the loan. Total amount of interest you will save by prepaying your mortgage.
Consumer anxiety prompts launch of mortgage calculator
Irish Times - Apr 29, 2011
THE NATIONAL Consumer Agency has launched a mortgage rate change calculator in response to the growing level of anxiety among mortgage holders about rising interest rates. The online tool, available at www.nca.ie, is aimed at helping people to work out
Use A Mortgage Calculator To Give Accurate Home Loan Estimates
Stock Markets Review - Apr 28, 2011
A mortgage calculator is a good way to find out what your monthly commitments will be. By entering figures like cost of the new house, salary, rate of interest and duration, the calculator will give you a fairly accurate estimate as to how much your
Can't keep up with your mortgage rate? Try this new calculator
thejournal.ie - Apr 28, 2011
With this confusion and concern in mind, the National Consumer Agency has launched a new mortgage rate change calculator to help householders to figure out where they can make savings by moving mortgages. The NCA says it can also be used to show the