AskingDad.com is happy to introduce our second tool – Mortgage Calculator! This simple tool builds out your mortgage amortization and shows how much money you can save in interest by making a few extra payments. It is streamlined for simplicity.
The Mortgage Calculator takes your loan amount, interest rate, and length of your mortgage in years. With these three numbers, it builds out your amortization chart. This chart will show you what you will be paying in principal and interest every payment. You can add extra payments and the calculator will show how much those extra payments will save you in interest and how much they will reduce the length of your mortgage.
Mortgage Calculator is mobile optimized, so you can even use it on your smartphone. You can find it from the Resources drop-down, or by just bookmarking: https://askingdad.com/tools/mortgage-calculator
The Mortgage Calculator currently supports fixed-rate mortgages, such as 15 and 30 year fixed mortgages. We hope you like Mortgage Calculator, and we hope it makes it easier to get you on the path to a paid off home and a debt-free life.
Quote of the day: Pay off your mortgage before retirement, and that’s one less bill you’ll have to worry about when you’re on a fixed income. – Suze Orman
