Mortgage Calculator (Year)

Mortgage calculator is a simple tool that helps you estimate the cost of your mortgage. After you put in just a few digits our mortgage calculator will tell you what your monthly payment and total payments will be. Be advised that the calculator provides you with just an illustration and does not include all the details and costs the banks charge when giving a loan.

Mortgage calculator examples

Formula

Payments = Mortgage Amount*((Interest Rate/Repayment Frequency/100)*((1+(Interest Rate/Repayment Frequency/100)))^(Mortgage Period*Repayment Frequency))/(((1+(Interest Rate/Repayment Frequency/100))^(Mortgage Period*Repayment Frequency))-1)

Total Cost of Mortgage = (Mortgage Amount*((Interest Rate/Repayment Frequency/100)*((1+(Interest Rate/Repayment Frequency/100)))^(Mortgage Period*Repayment Frequency))/(((1+(Interest Rate/Repayment Frequency/100))^(Mortgage Period*Repayment Frequency))-1))*Mortgage Period*Repayment Frequency

Total Interest Paid = Total Cost of Mortgage-Mortgage Amount

Works best for

Mortgage calculator is a simple tool that helps you estimate the cost of your mortgage. After putting in just a few digits you will find out what your monthly payment and total payments will be.

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Mortgage calculator as a personal consultant in your customer journey

Mortgage calculators can do more than just count personalized estimates. It can serve you well at the consideration stage but also there are a few more features to help you get the contact information and lead the user further down the conversion funnel.

Mortgage calculator with an appointment booking form

Adding an order form to your mortgage calculator gives you the opportunity to you not only let users count personalized mortgage conditions but also book an appointment with you straight away as the order form allows your users to choose a suitable date. Now all booking and contact information together with the calculations from the calculator will be sent to your email and you can customize a thank you message triggered by the click on the button.

You can also receive email alerts when consultations are booked and later on have hot lead contacts in your database. When creating your calculator add an order button at the end and customize the contact details you want to collect.

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Mortgage calculator mailing results to client’s email

With Calconic you can also add a mailing results function that will let customers save their calculation results by sending them to their own email. Letting you grow your subscriber list and opening up possibilities to convert.

Many users like to collect all the necessary information before actually making the purchase or a deal. Especially in such cases as that involve a long-term commitment. Visitors tend to calculate the total costs, collect all the relevant information, sometimes compare it to other providers, and then come back to make the sign the deal, so providing a good estimate and having contacts to follow up maybe just what you need to earn that sale!

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