It’s important to remember that if you have a mortgage with a high interest rate that you’ve not yet refinanced, you may still save yourself money by refinancing for a lower rate.
Wheatworks’ Home Buyer’s Calculator Suite can help you determine if refinancing might still be a good idea for you.
I mentioned in a previous post that I keep an assortment of HP calcs on my desk. I’ll introduce you to a few of them and provide links to a couple of sites that will give you the details. You may be surprised to discover that HP still cranks them out, too. And if you want to pick up a great calculator without spending the money for a new one, check out the used calculators on eBay. I’ve found some gems there.
Elementary school students are taught the importance of checking and double-checking their math. It’s easy when the problem is “2 + 6″, but how does one double-check the results of an algorithm designed to calculate the modified internal rate of return for a 30 year series of monthly cash flows?
People enamored by one of our financial calculators will occasionally ask about the mathematical formulas used to calculate the results generated by the calculator they use. We’ve created a resource on our web site that provides the mathematical formulas for some of the more common requests.
Visit our Financial Formulas page at: www.wheatworks.com/formula.htm
Currently, you’ll find the [...]
Posts
