The PMT Mortgage Calculator will enable you to easily calculate the monthly payments for a mortgage with a fixed rate.

Fixed rate mortgages are characterized by their interest rate (including compounding frequency, amount of loan, and term of the mortgage). With these three values, the calculation of the monthly payment can then be done.

The payment function PMT in Microsoft Excel, is often used for the calculation of mortgage payments. This application does the same thing - calculates the fixed monthly payment for a fixed rate mortgage as the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term.

Requirements:

· Adobe AIR