Description:
This is a utility which helps you calculate the amount of monthly repayment of mortgage.
Just input the price of property, percentage of loan, repayment period and interest rate. (version 1.1 is freeware).
Best for potential property buyers and property agents.
Reviews:
***** [Apr 1, 2005] by Teresa
Works perfectly! Just to clarify: If you are buying a house for $200K, and you put 5% down, you'd enter $200K for the price of property, and 95% for the loan %.
***** [Jun 13, 2003] by Matt
Program works flawlessly. Bill who wrote the negative review didn't understand the use of the Loan-to-Value (LTV) field. If you are calculating a monthly payment for a purchase, the %=100. If you are doing a lease (for say, a car) you would get the LTV from the banker or dealer. Great program... thanks!
* [Jun 5, 2003] by Bill
If you know the loan amount, interest rate and term of the loan, this calculator WILL NOT calculate the monthly payment. It only works if you enter the purchase price and loan to value %. Totally worthless to most users.
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