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 »

www.reference.com 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 »

www.reference.com Business & Finance Financial Calculations

The websites of Bankrate, Zillow and HSH Associates each provide free mortgage calculators. These sites allow users to determine an estimated monthly payment based on the mortgage amount and other financial factors. More »

www.reference.com Business & Finance Credit & Lending

Mortgage calculators found on the Internet are generally reliable and accurate for determining the principal and interest portion on a monthly mortgage payment. However, because P&I is just one of several parts of the mo... More »

www.reference.com Business & Finance Credit & Lending

Online mortgage payment calculators require the mortgage amount, term, annual interest rate and start date, according to Bankrate. Mortgage payment calculators help home buyers estimate their monthly payments and determi... More »

www.reference.com Business & Finance Credit & Lending

The wisdom of paying off a mortgage depends on an individual's personal situation as well as unknowable future events, such as the movement of interest rates and stock prices. A balanced approach is best, and it is alway... More »

www.reference.com Business & Finance Credit & Lending

Free amortization software, online amortization schedule calculators or simple spreadsheet programs easily recalculate principal and interest to demonstrate how additional payments impact the duration of the loan and the... More »

www.reference.com Business & Finance Credit & Lending