This post was last Updated on February 9, 2021 by Himanshu Tyagi to reflect the accuracy and up-to-date information on the page.
Are you looking for the best free online mortgage calculators to calculate your loan repayments? If yes, then here I have compiled a list of best mortgage calculators that you can use to calculate loan repayments and know everything about the loan systems in various geographies of the world.
If you are planning to get a mortgage, you should know the various options available in the market. Mortgages come in multiple shapes and sizes, and it can be not very clear for you to pick the right mortgage at a reasonable interest rate. And to do that, you can use a mortgage calculator and online tools.
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5 Best Free Online Mortgage Calculators
Most of these mortgage calculators work similarly. There is no need to create an account, visit their websites, and enter details such as mortgage amount, interest rate, and term (years), and these mortgage calculator tools will calculate all the loan repayment details for you.
However, the primary difference is that some mortgage calculators in this list offer additional resources that will help you to make informed decisions. Besides, to calculate loan repayments, you can also compare loan plans, mortgage rates, and other useful
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Without further ado, let’s start exploring these mortgage calculators.
1. Mortage Calculator UK
Mortgage Calculator UK is one of the best free online mortgage calculators with a modern UI that helps you figure out everything related to your mortgage loans. What sets it apart from other mortgage calculators is that it has a graphically rich interface. You can easily comprehend various details such as repayment chart, mortgage reduction over the loan term, etc., with graphs and charts.
If you are from the United Kingdom, you should check out this calculator. It also includes resources that perfectly explain the UK mortgage market, composition, downpayment & credit scores, and other critical details that can help you make the best decision for yourself.
To calculate mortgage loan repayments using this online tool, visit the website using the link provided above and specify the following details – mortgage amount, interest rate, and term. After that, click on the Calculate button, and voila, you will get all the details and graphs on the page itself. Now, you can explore these charts by hovering your mouse over them.
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2. Mortage Calculator
Mortgage Calculator is another free to use online tool that you can use to calculate loan repayments. It also displays your loan repayment charts using a graph chart. What sets it apart from other tools is that you can also compare the latest mortgage rates.
Visit the tool using the link below and specify details such as home value, down payment, loan amount, interest rate, and term. After that, hit the Calculate button to get all the mortgage loan repayment details.
3. mortagecalculator
mortagecalculator is another simple mortgage calculator that you can use to calculate monthly and total payments. Not just mortgage, you can use this online tool to calculate an advanced mortgage, mortgage refinances, amortization, and compare various loans.
Visit the link below and specify your mortgage amount, interest rate, and amortization. To know all your loan repayment details, click on the CALCULATE NOW button. Just like other mortgage calculators, it also displays loan repayment details via graph charts.
4. MortageCalculators.info
Simple Mortgage Calculator is another easy to use and straightforward online tool that you can use to calculate loan repayments. The website also provides other types of financial calculators such as monthly payment, minimum income requirement, and DTI.
5. Mortagecalculator.biz
Mortgage Calculator is the last free online tool on our list that you can use to calculate your home loan payments. Just like other free mortgage calculators on this list, it works similarly.
All you have to do is specify details such as home value, downpayment, loan principal, loan terms, etc. After that, click on the Create Amortization Schedule button. After that, you will see your results and know total monthly payment, principal & interest, total closing costs, loan amount, and other details.
Final Words
With this, we sum up our list of 5 best free online mortgage calculators. If you are from the UK, then I will recommend Mortgage Calculator UK as it includes every detail that can help you make an informed decision.
If you are not from the UK, then you can check out any mortgage payment calculators on this list.
Share which one did you find most useful and why? Also, please share this article on social media so that others can also use it.
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