Karl's Mortgage Calculator 3.12.1

This tool provides you with the ability to calculate mortgage payments based on factors such as principal, interest, and term. It also allows you to reverse calculate any one variable when given the other three.

You have the option to input a down payment amount or percentage, allowing the calculator to determine the size of mortgage you require.

Additionally, you can see how your monthly payment changes when considering additional loan costs such as PMI, HOA fees, taxes, and insurance.

The calculator is designed to support Fixed and Adjustable Rate Mortgages (ARM) loans, with the option to input up to five changes in interest rates. It also accommodates interest-only mortgages.

If you wish to pay off your mortgage early, you can easily incorporate extra payments into your calculation. Whether it's a one-off payment or regular monthly or annual payments, the calculator allows you to choose from up to ten additional payment amounts and periods. This feature provides insight into how much money you can save over the course of your loan.

For versatility, you have the ability to choose from various loan payment frequencies ranging from weekly to annual payments. You can also adjust the compounding period to align with your needs, be it daily through annual periods. The calculator is compatible with Canadian mortgages as well as UK annual rest mortgages.

To further customize your calculations, multiple rounding options are available. You can choose between no rounding, round half up, round half down, round to even, round to ceiling, and round to floor.

In addition, this calculator supports the input and display of multiple currencies.

It is important to note that internet access is required for ads and analytics purposes when using this tool.