The Best Mortgage Calculator Will Save Money

When looking for a mortgage calculator, the best mortgage calculator in my opinion would be the one that will save you the most money in the end.

This might not be the one with the lowest monthly payment. If you are looking for a calculator with whom you will get the lowest monthly payment, you should be willing to pay a lot more for your property.


There is a lot of ways to be able to reduce your monthly premiums. Some of them most people will go for and others they won't. Normally they take the wrong options and this will cost them a lot more than they think. Some of the options are as follow:

• You can increase your mortgage term - not a good idea.
• You can pay the absolute minimum each month - also very bad idea.
• You can shop around before getting the mortgage and get it at a lower interest rate - good idea.
• You can put down a deposit when starting with the mortgage - excellent.
• Pay in your extra money and bonuses into the mortgage - great plan.
• Borrow money from family at a lower rate and rather pay them, then borrow less from the banks -great plan.
• Rent out part of your property and use that income to pay less out of your pocket - excellent plan.

Normally most people will only go for the first two or three options. They will stretch out the mortgage term as far as possible and pay as little as possible each month. The other options might look wrong or people don't ever think about those options. Though the other options are actually able to help you very much.

The truth can be easily seen when you have a proper mortgage calculator that shows you what is really happening. With this type of calculator some of the facts aren't disguised for you to miss them. You can be able to calculate exactly what effect each of the different techniques will be having.

According to me a mortgage calculator that shows you exactly what is happening and helps you to save money in the long run would be the best one to have.

Don't be fooled into thinking that if you are able to pay less each month that you are really always saving. A lot of times it is the exact opposite. Get this mortgage calculator that can show and educate you about what is happening.