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Just a quick note to mention I've changed my mortgage calculator so that both years and months can be filled in instead of just months. No more getting the calculator out to see how many months in 19 years

The Richest Man in Atherstone's Mortgage Calculator

After reading a number of posts on the MoneySavingExpert forums and the popularity of my mortgage calculator, I thought it would be worthwhile to create a Regular Savings calculator.

The Richest Man in Atherstone's Regular Savings Calculator

Regular Savings accounts offer a very good interest rate (7 or 8% to 12%pa) for savers that are willing to deposit a minimum amount into it every month. There are usually several restrictions with these accounts such as penalties for making withdrawals and maximum monthly payment limits. However, if you have a few grand that you want to maximise the interest earnings on and can afford to tie it up for a year or 2 risk-free, these accounts offer the best rates available.

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.