Yesterday I made this fixed rate mortgage calculator because I needed a quick way to calculate different options for mortgages for a friend. I found many calculators online but they were either bloated with ads or not providing enough flexibility.
Here is it: mortgage calculator
As a side note (personal opinion!), I really don’t understand how the typical calculator put emphasis on the monthly payment rather than the total interest money you’re paying in the end. This is very much a disservice for the poorly informed home buyer which looks at a low monthly payments and feels good, when the reality is he’s gonna be paying up to 50% of interest over 30 years of mortgage.. Of course it’s important to be aware of whether you can or cannot afford the mortgage, but in my opinion how much you’re paying for the loaning service is at least equally important. So my tool puts emphasis on how much interest you will pay over the loan lifetime.