There is many a mortgage calculator available on the internet.
You can pretty much find a mortgage calculator that will work out a result for any type of situation you can think of calculating.
I suspect the mortgage calculators than will be most in demand at the moment will be the monthly cost calculator so people can keep track of their monthly bills and their finances.
Budgets are tight so there is a calculator that will work out the repayment costs should interest rates increase a very helpful mortgage calculator.
There are a range of other helpful calculators available on the internet but always remember to seek professional advice before going ahead with a mortgage to ensure you are fully informed and have chosen the right mortgage for you.
Finding out how much you can borrow is clearly another popular calculator and used by many.
The calculator is an estimate but will give you a rough idea of the average amount lenders will offer you based on your income and if applicable a partners too.
More detailed calculators will include guaranteed bonuses to give you a better idea.
Tracker mortgages look set to become more popular as it was reported that interest rates will remain low for some time as the economy takes time to recover therefore interest rates will stay low due to inflation likely to stay under target for some time.
A great mortgage calculator is the early repayment calculator which will take the balance of your mortgage, current interest rate, the early repayment charge and how long until it ends to work out the new rate that you would have to achieve to improve on your current mortgage deal and determine whether it is worth paying the early repayment charges.
Overpaying on mortgages is something many are doing, simply by paying the same payment that they were say a year ago as an overpayment will make a huge dent in the mortgage repayments.
Taking advantage of low interest rates means shaving years of a mortgage.
There is the mortgage calculator that will work the effects of overpaying on a mortgage so you can see the effect this will have on your own mortgage.