Buy Mortgage Calculator Purchase Price: Interest Rate: Loan Term: Monthly Payments: Total Interest Payment over Term: Total Cost of the Loan: function calculateDetails() { // Get user input var price = document.getElementsByName("price")[0].value; var interestRate = document.getElementsByName("interestRate")[0].value; var term = document.getElementsByName("term")[0].value; // calculation of monthly payments var monthlyInterestRate = (interestRate/12) / 100; var topOfEquation = Math.pow((1 + monthlyInterestRate), term); var bottomOfEquation = topOfEquation - 1; var divisor = topOfEquation / bottomOfEquation; var monthlyPayment = (price * monthlyInterestRate) / (1- (1/divisor)); // calcaluation of total interest payments var totalInterestPayment = (monthlyPayment * term) - price; // calcaluation of total cost of loan var totalCostOfLoan = totalInterestPayment + price; // display the results document.getElementById("monthlyPayment").innerHTML = monthlyPayment.toFixed(2); document.getElementById("totalInterestPayment").innerHTML = totalInterestPayment.toFixed(2); document.getElementById("totalCostOfLoan").innerHTML = totalCostOfLoan.toFixed(2); } Mortgage Calculators – What to Look for in a Quality Buy When looking to buy a mortgage calculator, there are many things you need to take into consideration. Which one is the best for your needs, and what is the best form factor for use? It's important to consider all of these factors before making a purchase. This article will provide an overview of the various mortgage calculators on the market today and discuss what to look for when buying. Types of Mortgage Calculators There are several different types of mortgage calculators on the market. Many of these calculators are designed to help you work out your mortgage payments, calculate early pay-off amounts, and find out your amortization schedule. Some calculators do more than this and can even provide you with financial advice. Here are some of the more popular types of calculators: Bi-Weekly Mortgage Calculator - This type of calculator is used to help figure out the monthly payment for a biweekly mortgage. It can also help you figure out how much money you will save in interest over the life of the loan. Adjustable Rate Mortgage (ARM) Calculator - This type of calculator is used to help determine the monthly payments for an adjustable rate mortgage. It takes into account any changes in the interest rate over time, which can result in higher or lower payments. Debt Consolidation Calculator - This calculator can help figure out how much money you would save by consolidating your debts. It takes into account all of your current debts, such as credit cards, personal loans, and mortgages. Mortgage Refinance Calculator - This calculator helps you figure out whether or not it makes sense to refinance your mortgage. It takes into account your current mortgage rate, the fees associated with refinancing, and the amount of time left on your loan. Tax Deductions Calculator - This calculator can help you figure out what deductions you can take on your taxes. It takes into account your total mortgage payments, points paid, and other related costs. Features to Consider When Buying a Mortgage Calculator When you are shopping for a mortgage calculator, there are several features you should consider. The most important feature is accuracy; you want a calculator that will give you accurate results. Another important feature is the user interface, as you want to be able to work with it easily. Finally, you want a calculator that has sufficient capabilities for calculating things like debt consolidation, taxes, and mortgage refinancing. If you're looking for a basic calculator, there are many free online calculators available. If you are looking for something more robust, there are also many different apps and software programs available to purchase. It's important to evaluate the features offered by each program to make sure it will meet your needs. Look for a calculator that offers various payment plans, such as bi-weekly, monthly, and accelerated plans. You may also want to look for a calculator that provides multiple output options, such as charts and graphs. Many calculators also offer budgeting features, which can be especially helpful if you're trying to get a handle on your personal finances. Finally, you want to make sure the calculator you purchase is up to date with current interest rates, fees, and other terms. The calculator should also provide easy-to-follow instructions for understanding the terms of the loan you are considering. It's also important to find a calculator that is user-friendly and offers a money-back guarantee. Conclusion When you are shopping for a mortgage calculator, it's important to consider what features are important to you. You want to make sure you get a calculator that provides accurate results and is easy to use. Make sure the calculator you purchase is up to date with current interest rates and fees, and that it offers various payment plans. Finally, look for a calculator that offers a money-back guarantee in case you're not satisfied with the product. With a little research, you should be able to find a quality mortgage calculator that meets your needs and helps you make informed decisions when it comes to your finances.