Audience
Companies seeking a solution to manage and calculate mortgage loans
About Mortgage Loan Calculator
The calculators found here are the result of 35 plus years of feedback from the users who have taken their time to comment and offer suggestions. To those users, thank you! For new users, you benefit from full-featured calculators that have date accurate results. You don't need to settle for "estimates" like other websites promise you. Added 366 days-per-year option. This setting impacts interest calculations when you set compounding frequency to a day-based frequency (daily, exact/simple or continuous) or when there are odd days caused by an initial irregular length period. The 366 days in year option applies to leap years, otherwise, the interest calculation uses 365 days. By not automatically recalculating the payment (for example) when the mortgage amount changes, this calculator lets those users create a payment schedule with whatever payment amount they want.