Author Topic: mortgage prepayment calculator  (Read 4144 times)

chatsc

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mortgage prepayment calculator
« on: January 08, 2013, 12:33:31 PM »
Hi,

Can anyone recommend a mortgage prepayment calculator that can calculate multiple payments (lump sum and extra weekly payments).  and that can calculate acc-biweekly payments....

Thanks,


frugalcoconut

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Re: mortgage prepayment calculator
« Reply #1 on: January 10, 2013, 05:51:02 PM »
Not sure if it's the best one out there but I've used it in the past...

http://www.mortgage-x.com/calculators/default.htm

velocistar237

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Hamster

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Re: mortgage prepayment calculator
« Reply #3 on: January 10, 2013, 09:15:10 PM »
If you have an android device, 'Karl's mortgage calculator' is fantastic. It may be available for i products, too.

You can modify all sorts of parameters and expenses, and add in prepayments monthly, semi-annually, annually, one time, etc. You can also choose the start date for prepayments, such as start paying extra $500 monthly on Jan 1, 2015. It gives nice graphs and tables in various forms to see impact on interest/principal, payoff date, etc.

In the settings menu, you can choose bi weekly and accelerated bi weekly payments.

It comes in free or 'pro' (I think pro is just ad-free). I use it a lot, so I paid the $2 or whatever to get the pro version.
« Last Edit: January 10, 2013, 10:16:15 PM by Hamster »