Mortgage Calculator: How to calculate your mortgage effectively?
Making better financial decisions starts with understanding your mortgage. If you want to make an informed decision about any loan-especially one as significant as a mortgage-you should examine the numbers. You will need a mortgage calculator if you want to make an informed financial decision. Calculating Your Mortgage - A Step-by-Step Guide In addition to the monthly payment, there are other important factors to consider when analyzing your mortgage. These are: ● Various home loan monthly payments compared ● Calculating monthly interest payments and interest over the life of a loan ● Totaling your actual payment over the life of the loan versus the principal borrowed, to find out how much extra you have to pay Use the mortgage calculator to estimate your monthly mortgage payment, follow these steps, to calculate mortgage: 1. Calculate your mortgage principal Mortgage principal refers to the amoun...