Mortgage Calculator

I’m buying a new home and it is time to do my mortgage shopping. Overwhelmed by the number of options from different lenders, I want to have a tool to know which option is best for me. So I used the Bankrate Mortgage Calculator. The mortgage calculator shows you how much your monthly payment will be. It can also show the effect of adding extra payments. However it does not effectively allow me to compare different rates, i.e. rate with fees vs rate with no fee.  So I created my own one. Using the tool I’m able to find the answer like: Should I pay extra to get a lower rate? Will lower rate with fees benefit me if I will pay with additional payment…

I want to share the tool with the ones who need. Enjoy and comments are welcome!

Mortgage Calculator and Comparator Guide

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