Advanced Mortgage Calculator

 

 

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After my first post about a simpler mortgage calculator now I developed a more advanced one, especially designed to compare different mortgages, and calculate which one lets you pay less interest over time.

The app can be found here

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Compared to the last tool, which just calculated the total interests and the installment amount, this app offers these other features:

  • charts of the installments over time
  • capability to add different types of events:
    • interest rate change
    • time renegotiation
    • amortization on time
    • amortization on installment amount

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Adding events makes this tool extremely versatile and allows for simulating complex scenarios. You can compare a 10 year mortgage with a 20 years one in which you reduce the time amortizations with annual cash deposits, or a combination of different interest rates which may happen in some situations. The charts are updated automatically, and there is a comparison chart to make it easy to compare the two mortgages over time, focusing on the interest amount paid.

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