What is Mortgage Calculator?

Mortgage Calculator

Mortgage Calculator is a handy tool that helps you figure out how much you'll owe the bank after taking out a loan. It gives you a clear repayment summary and compares monthly payments with biweekly ones, which is super helpful!

Easy Setup for Your Loan Calculator

Getting started with this Mortgage Calculator is quick and easy. Just make sure your computer has .NET Framework installed because the app needs it to run smoothly.

User-Friendly Interface

The interface of Mortgage Calculator is straightforward, featuring one main window where all options are organized. You kick things off by entering some basic mortgage details like the home value, your credit profile (like poor, fair, good, or excellent), loan amount, loan purpose (refinance or new), interest rate (%), loan term in years, start date, property tax, and PMI (Private Mortgage Insurance).

Your Mortgage Breakdown

Once you've put in all that info, you'll get a complete mortgage repayment summary. This includes monthly payments and total amounts due, total interest paid over time, when you'll pay it off, and even what you'll spend on taxes and PMI overall.

Monthly vs. Biweekly Payments

You can also compare how much you'll pay monthly versus biweekly. The calculator shows both payment amounts along with their respective payoff dates and total interest savings!

A Few Limitations

One thing to note is that the developer hasn't added features for copying data to your clipboard or saving it directly from the app. If you want to keep track of your numbers, you'll either need to write them down or keep a text editor open alongside the calculator.

A Simple Solution for Calculating Loans

All in all, Mortgage Calculator is an easy way to calculate your loan repayments. But remember to chat with a financial expert before making any big decisions regarding your bank.

How Download Works

Go to the Softpas website, press the 'Downloads' button, and pick the app you want to download and install—easy and fast!