What a mortgage calculator does is, it asks for your home value, your loan amount, interest rate, loan term, start date, property tax and finally your private mortgage insurance plan. As you can see that all these are the things which will have the effect on your payments and they form the total accounts by which your payments are decided. When the user has entered the data, the calculator will show your different graphs showing you the arrangement of the interest, the principal amount, the rate. |