Will tell you the following:
* Monthly payment (before and after the deal ends)
* What will happen if rates rise
* Interest-only payments
* Time saved by overpaying
* Interest paid (annual and total)
* Total cost per £1 borrowed
It's not a problem if you don't understand amortization or APR as helpful information is provided along the way, explaining what each number means and how it affects you.
Use the 'future' slider to see how changing interest rates could affect your mortgage after your offer period ends.
This is an essential tool for any mortgage hunter, whether you're in the UK or not.
Worked out my monthly payment with 100% accuracy. I previously had given this four stars because of the decimal point issue. The developer has amazingly taken the feedback on board. I am very greatful and highly recommend this app and this developer. So useful so so grateful!!!!
Works really well. Would be great if you could add more than one account as my mortgage is split into two separate accounts. Thanks
Great app with everything needed to work out mortgage calculations, would be even better if you could include offset mortgage calculations.
Any chance of including months in the term calculator?
I can't understand why he said twice time interest
Quick response to problem with app. All sorted works well thanks.