Friday, September 07, 2018

Mortgage Repayment Calculator now called Mortgage Repayment Calculator Australia.

One of the very handy calculators I've written is a mortgage repayment calculator. I used a domain with hyphens and frankly, the level of traffic has been low. That means people aren't getting to benefit from using the calculator.

Normally when a domain/calculator doesn't get used I tend to let the domain go. In this case however, I've personally found the mortgage repayment calculator and the features provided to be very useful.

For example you can work out your mortgage repayments, how long it would take to pay off a given mortgage given a known payment amount, and interestingly, if you're renting, how much of a mortgage the rent payments would cover. All useful information for those looking at purchasing a home. The mortgage repayment calculator also links to the Victorian Stamp Duty Calculator which is handy for determining government charges.

Right now interest rates are seeing a 0.14%-0.16% increase from the major banks. That doesn't sound like much but with loans in the many hundreds of thousands of dollars, even a small percentage change can add $500-$600 or more a year. Using the mortgage repayment calculator you can easily see how the interest rate change affects your home loan.

The mortgage repayment calculator is now called Mortgage Repayment Calculator and can be found at https://www.justlocal.com.au/mortgagerepaymentcalculator/.

Kelvin Eldridge

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