The more efficient and user-friendly a mortgage
calculator is, the better it is for end users. End
users can be first time mortgage applicants, real
estate brokers, seminar speakers and retirees who own
real estate and are thinking of refinancing their
existing mortgages. Whatever the purpose -
foreclosures, flipping, fixer-uppers, notes - mortgage
calculator plus is the smartest tool to have.
You simply key in six types of information: loan
amount (principal), interest rate, term (or
amortization period), start date of the mortgage,
property tax, and insurance, if applicable. After you
enter the required data, it calculates your monthly
repayments in seconds.
Changed your mind and want to reduce the term from 25
to 20 years? Replace the 25 years with 20 and it re-
calculates the figure in seconds! It shows how much of
your monthly payments go to the principal amount and
to interest. This way you keep track of your interest
payments if you wish to claim certain tax deductions
in the future.

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