## Mortgage Calculator

While nothing replaces the detailed information provided by a licensed mortgage banker or broker, the free tool below will give you a rough estimate of a mortgage payment based on some simple criteria.  If you need the assistance of a mortgage professional, just let me know and I'll be able to provide a few options to choose from.  After using the mortgage calculator, fill out the form below so we can get the conversation started.

``` :root { --calc-background-color: #575760; --calc-select-color: #404245; --calc-bg-light-color: #ecf5fe; --calc-border-color: #000000; --calc-graph-color: #ebeeff; --calc-graph-color-sub: #53597d; --calc-graph-border-color: #1e73be; --calc-graph-border-color-sub: #ffffff; } Print About this calculator X Calculator Information The Mortgage Loan Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. It also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years. Calculator Assumptions Length of Month All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month. Number of Weeks in a Year One year is assumed to contain exactly 52 weeks. This implicitly assumes that a year has 364 days rather than the actual 365 or 366. Rounding of Amount of Each Repayment In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount. Rounding of Time Saved The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings. Amount of Interest Saved This amount can only be approximated from the amount of time saved and based on the original loan details. Calculator Disclaimer The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Loan Mortgage Calculator Loan Amount Please enter your loan amount here. \$ No. of PaymentsPlease enter the number of months in which you plan to repay the loan. Monthly Quarterly Yearly Weekly Payment ModePlease choose payment mode of the loan. In Advance In Arrears Interest RateThe interest rate will default to the product you selected. You can also change the rate up or down to understand the effect on your repayments and total interest payable. Repayment Chart Loan Amortisation Table Period Payment Interest Balance {frequency} Payment \$ Total interest payable \$ over Balloon amount (0.00%) \$0.00 Calculator Disclaimer The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by HolidayCityHomes.  It does not take into account your personal or financial circumstances. ```
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