Mortgage Payment Calculator

Mortgage Payment Calculator is a simple application that can help you determine monthly repayments, analyze comparisons between monthly and biweekly payments, as well as identify the total interest savings when you're thinking about getting a mortgage on your home.

It's a straightforward tool that can give you an idea about how much money you would have to spend for a mortgage in the long run. However, you should know that it cannot replace the advice of a financial specialist, so you should consult a professional before making any decisions in the homeowner direction.

The only notable aspect about installation is that .NET Framework must be set up on the PC or the app won't work. Luckily, newer Windows versions have this software framework built in, so you just have to check if it's enabled.

As far as the GUI is concerned, Mortgage Payment Calculator has a single window that keeps all options neatly stacked in plain sight.

When it comes to the mortgage parameters, you have to specify the home value, credit profile (excellent, good, fair, poor), loan amount and purpose (refinance, new purpose), interest rate, loan term (years), start date (month and year), property tax, and PMI (Private Mortgage Insurance, if any).

Once you click the "Calculate" button, the tool analyzes all data and provides you with a mortgage repayment summary, namely the amounts of each and all monthly payments, total interest and tax paid, pay-off date, total tax and PMI paid, total PMI payments, and PMI pay-off date.

For the comparison between monthly and biweekly payments, you can find out the worth of monthly and biweekly payments, pay-off dates and interest paid, in addition to the amount of total interest savings.

The only available currency is the dollar but this doesn't matter because it doesn't affect the calculations. Too bad that there are no options available for printing, saving or copying all data. Otherwise, Mortgage Payment Calculator should give you a pretty good idea of mortgage fees.