The Mortgage & Loan Calculators

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Mortgage Calculator
Mortgage Calculator is normally used to help the potential real estate owners determine how much they can afford to borrow on a piece of real estate. Mortgage Calculator can also be used to compare the costs, interest rates, payment schedules or even help to determine the change in the length of the mortgage loan by making added principal payments.

Mortgage Calculator is an automated tool that enables the users to quickly determine the financial implications of the changes in one or more variables in a mortgage financing arrangement. The most common variables include loan principal balance, periodic interest rate compound interest, number of payments per year, total number of payments and the regular payment amount.

Loan Calculator
Loan Calculator is an essential tool to estimate loan payments on studies, cars, homes and refinances. It generates full loan repayment plan, supports regional currency display and works with wide range of repayment cycles from single to multiple years.

Sales Price of Home Amount (Mortgage)/ Loan Amount (Loan)
- This is the total sales price of your new home in whole currency. This amount, less any down payment, will be the amount you borrow from your bank.

Percentage Down Payment (Mortgage)
- The percentage of the purchase price that you plan to pay upfront. For example, you plan to make a RM25,000 down payment on a RM250,000 home, then enter 10 in the field.

Length (Years) of Mortgage (Mortgage)/ Loan (Loan)
- The number of years that you would like to pay your mortgage. Common values are 10, 15, 20, 30 years.

Annual Interest Rate (%) (Mortgage, Loan)
- The actual interest percentage that your bank will apply to the amount of the money you borrow. Do not include any Private Mortgage Insurance (PMI) percentages your bank may required.

Pay Periodicity (Loan)
- The periodic payment for your loan. Normally apply for monthly.

Currency (Mortgage, Loan)
- To set the currency display on the amortization list.

Amortization (Mortgage, Loan)
- To display a detailed list of your mortgage payment schedule, including principal, interest rate, balance on yearly or monthly basic. Do not select it, if you only want to see the summary information.

These Mortgage and Loan Calculators tools are built based on the experiences of author. We are not to be held liable for any special, indirect, incidental, consequential damages or monetary losses issues in connection with the use of the calculators tools and information derived from our website. It is only a guide to let the users to estimate the approximate figure they are going to pay for their studies, cars, housings loans.

Mortgage Information (Also try Loan Calculator)
• Sales Price of Home Amount
• Percentage Down Payment (%)
• Mortgage Insurance Coverage Cost (RM)
• Length (Years) of Mortgage
• Annual Interest Rate (%)
• Currency
• Amortization