Mortgage Calculator: 5 Best Mortgage Amortization Calculators

Recently, I started reading most of Robert Kiyosaki’s book such as Poor Dad & Rich Dad, Cash flow, Business school where he advised learning to play Monopoly game to boost business mind. And in cash flow 101, and cash flow 202, the core idea brought down to mortgage, mortgage calculator, income, expenditure and the likes.

However, if you are familiar with monopoly very well you will understand the knowledge of mortgage isn’t that relevant just that you mortgage some properties when you don’t have much fund in your bank account to purchase properties or pay a bill when you landed on your opponent’s properties.

And when you have adequate fund you can easily un-mortgage those properties. This idea is same in real life. However, Robert, K., improved his cash flow game with simple mortgage calculator to help calculate the worth or value of properties when you want to mortgage it such as how much you can borrow for a mortgaged properties and how much you’d probably pay back when you want to un-mortgage your properties.

This simple mortgage calculator can be used to calculate interest on properties so that you will know whether the interest is really affordable. Although the refinance calculator does not tells you whether the interest is affordable or not rather it gives you an overview of what you incur if you go by mortgaging the property as interest.

However, the affordability of the interest on your mortgage properties will only be shown by the simple mortgage calculator for you to decide whether it’s a good move or otherwise.

The purpose of this post is to craft out best simple mortgage calculator to calculate down payment, interest, mortgage value to mention a few of your property and most important, annual insurance rate, and mortgage terms and conditions.

With the list of free simple mortgage calculator below you should be able to know how your mortgage properties drop on daily, weekly and monthly bases.

Mortgage calculator

Mortgage Calculator: 5 Best Mortgage Amortization Calculator

After long search on most popular and famous mortgage calculator not interest only on your mortgage properties and to calculate extra payment on your mortgage, below are best mortgage calculators on all time whose price fall between $25-$45 at max.

1. Calculated Industries 3405 Real Estate Master IIIX Real Estate Finance Calculator

Calculate complete payment solutions, amortization, combo loans, ARMs, rent versus buy comparisons, and much more with the Real Estate Master IIIX finance calculator (model 3405) from Calculated Industries. Designed for real estate and mortgage professionals, the Real Estate Master IIIX performs nearly every post-qualifying real estate calculation right there in front of the client to help boost sales.

You’ll be able to calculate mortgage payments, terms, interest, PITI payments, future value, as well as purchase price, and down payment figures. Permanently store local property tax and property insurance rates for customized calculations that will help buyers and sellers develop an informative financial outlook–it even figures mortgage insurance. It also performs numerous “what-if” calculations from variables like purchase price, down payment amount, and loan amount financing.

Other features include bi-weekly and monthly loan comparisons, automatic sales price and down payment calculations, and completion of taxes, insurance, and mortgage insurance for true PITI payments. It also offers a built-in date-math function for closing and expiration dates, triple zero key that saves time and keystrokes

2. Calculated Industries 3415 Qualifier Plus IIIX Real Estate Finance Calculator

Qualify home buyers right on the spot with the versatile, easy-to-use Qualifier Plus IIIX real estate finance calculator from Calculated Industries. Perfect for all real estate finance professionals, including agents, brokers, bankers, mortgage originators, title officers, trainers, and more. The Qualifier Plus IIIx helps you pre-qualify clients quickly and easily, solve real estate finance problems instantly, and close home sales quickly.

Gain instant access to PITI and interest only payments, or figure out the blended rate and payment for combo loans. Complete taxes, insurance, and mortgage insurance for true PITI payments, figure amortization and balloon payments, and simplify complex ARMs including lifetime cap. Other features include bi-weekly and monthly loan comparisons, automatic sales price and down payment calculations, and completion of taxes, insurance, and mortgage insurance for true PITI payments. It also offers a built-in date-math function for closing and expiration dates, triple zero key that saves time and keystrokes.

It’s powered by two LR44 batteries, which provide up to 1,000 hours of battery life, and the Qualifier Plus IIIX has an auto shut-off feature that turns the calculator off after about 8 to 12 minutes of non-use. It’s backed by a one-year limited warranty.

3. Calculated Industries 43430 Desktop Qualifier Plus IIIFX DT Real Estate Finance Calculator

With the Qualifier Plus IIIFX-DT calculator, you can quickly qualify potential homebuyers, find the answers to common real estate finance and investment problems, and serve real estate clients in a fast, professional manner. This tool can calculate multiple cash flows and internal rates of return, along with net present and net future values, and it allows you to make a variety of advanced loan, payment, tax, insurance, and investment calculations.

Product Information
The Qualifier Plus IIIFX-DT features an adjustable, nine-digit LCD display and large plastic keys, including a special triple-zero key to help you save time and keystrokes. This product measures 9.0 by 6.4 by 1.4 inches (H x W x D), weighs 10.8 ounces, and is powered by a 3-volt lithium battery (included) that delivers up to approximately 3,000 hours of use. An automatic shutoff helps preserve battery life. The LCD measures 1.6 by 5.3 inches (H x W).

4. Calculated Industries 3430 Qualifier Plus IIIFX Real Estate Finance Calculator

Solve common real estate finance questions on the spot, including principal, interest and interest only payments. There are no complicated formulas to remember. It is an ideal tool for real estate finance trainees, new agents, homebuyers, sellers and anyone needing fast financing solutions.

The Pocket Real Estate Master helps you easily compare loan options. Find a monthly payment based on different loan amounts or interest rates. Find a loan amount based on a payment your client can afford. Quickly determine the total interest and payments paid and the future value of a home. Solve common real estate finance questions on the spot, including principal, interest and interest only payments.

There are no complicated formulas to remember. It is an ideal tool for real estate finance trainees, new agents, homebuyers, sellers and anyone needing fast financing solutions. The Pocket Real Estate Master helps you easily compare loan options. Find a monthly payment based on different loan amounts or interest rates. Find a loan amount based on a payment your client can afford. Quickly determine the total interest and payments paid and the future value of a home.

5. HP 10bII+ Financial Calculator (NW239AA)

  • HP 10BII+ Financial Calculator.
  • The HP 10bII+ is the smart choice for business and finance needs.
  • You’ll be able to work quicker and more efficiently with over 100 time-saving, easily-accessible business functions.
  • Easily calculate loan payments, interest rates and conversions, standard deviation, percent, TVM, NPV, IRR, cash flows, and more.
  • With so many useful features, and an affordable price, the HP 10bII adds up to a wise investment. Permitted for use on the CFP Certification Exam

 

You May Also Like

About the Author: Adesanmi Franklyn

Leave a Reply

Your email address will not be published. Required fields are marked *

3 Shares
Share2
Tweet
+11
Pin
Share