Graphic Mortgage Calculator

For a user-friendly mortgage calculator, enter in your data below and hit calculate – a very nice graphical representation of the rest of your mortgage is provided. It’s nice to see a mortgage calculator with a little artistic flare! :) For a more in-depth explanation and for slightly more detailed reporting, you can visit the website of this calculator provider, MLCALC.com.
Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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Showing 5 comments
  • moneygardener

    very cool calculator, thanks!

  • MillionDollarJourney

    How often is the interest compounded with this calc?

  • Preet

    You’re welcome MG – glad to be of service. :)

    FT – I don’t know, but I sent an email to MLCALC for clarification and will let you know what they tell me.

    Preet

  • kolcun

    Another really nice one – http://www.jeacle.ie/mortgage/

  • Preet

    Hi FT – here is what MLCALC said:

    Interest is calculated monthly, using standard US formula:
    M = P * ( J / (1 – (1 + J) ^ -N))
    where
    J = I / (12 x 100)
    I = Annual interest rate
    P = Principal
    N = Number of months