Links

I have been investigating mortgages recently to see how much we could afford if we moved house and what the impact of a better mortgage rate would be if we stayed where we are. Part of the task involved searching the Internet for an easy method of calculating the monthly installments of a repayment mortgage based on the loan amount, term and interest rate as well as creating a table that would lay out a monthly amortisation schedule. I also wanted to know how much of the installment would be used for interest and how much was actually repaying the loan.

I searched the Internet but couldn't find exactly what I was looking for, so I created my own:

The Richest Man In Atherstone's Mortgage Calculator

I have found it very useful and think that others may find it useful too, so I have published it on my website. Hope it helps someone.