What is a Mortgage Calculator?

What many people call a "mortgage calculator" is actually a financial calculator which generates amortization schedules or computes monthly loan payments.  Technically, one cannot "calculate a mortgage" because a mortgage is not a number.

A mortgage is a legal agreement between a borrower (or homeowner) and a lender (or mortgagor).  The borrower agrees to purchase a home using the home as a pledge that the borrower will complete the purchase by making payments over a designated period of time. After the home is paid for according to the agreement, the pledge is cancelled.  At the end of the mortgage, the lender has reclaimed the loaned funds (and usually a larger amount in interest) and the mortgagee (borrower) fully owns the home without any debt.

While the term "mortgage calculator" is a misnomer, there are quite a lot of financial calculations involved in making good decisions about buying or selling real estate. Real estate math covers everything from calculating monthly payment to determing the proceeds from selling a home you own. Real Estate Calculator Suite is a collection of financial and real estate calculators that helps you with all of your real estate finances.

Amortization schedules, prepayment calculators, estimated closing cost calculators, loan calculators and biweekly payment calculators are just a few of the 16 real estate and financial calculators in Real Estate Calculator Suite, $39.95 US.

If you need a set of real estate tools that will allow you to easily perform you own real estate math, take a good look at Real Estate Calculator Suite, $39.95 USD.  Designed to "make real estate math easy", Real Estate Calculator Suite helps you find answers to questions about mortgages, loan payments, comparing interest rates, estimated closing costs and even cash required at closing by home buyers.

Download a fully functional evaluation version of Real Estate Calculator Suite or Buy it Now!