What is a Mortgage Calculator?
Thursday, November 6th, 2008 637 viewsA mortgage calculator is a calculator that computes how much you will pay when yo have applied for a mortgage. 
This is the obvious answer. However, you can actually use Microsoft Excel as a mortgage calculator if you know the formula used in the computation of your payments. In fact, MS Excel 97 has a free template that automatically computes payments of mortgages. Also, know the variables before making your own mortgage calculator like interest rate and term of payment. The formula is actually simple and I will discuss it in greater detail in my other site – Math and Math Applications (more…)
