To use a free mortgage calculator, individuals have to enter personal financial details into an online tool to get an accurate estimate of their mortgage payments. Examples of information required include the home value,... More » Business & Finance Real Estate

To compute payments, the Internet-based mortgage calculators at Bankrate, Discover and Bank of America require users to input data on interest rates, purchase prices, payment periods and down payments, according to the r... More » Business & Finance Credit & Lending

A mortgage calculator prompts a user to enter certain parameters, including mortgage amount, mortgage term, interest rate and start date, as stated by Bankrate. The calculator then computes this data to determine the min... More » Business & Finance Financial Calculations
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