Mortgage Calculator (incl. Down Payment)

This Mortgage calculator is used to estimate monthly & total payments for the mortgage loan, including various loan amounts, terms and interest rates. It’s exceptionally easy to use and it solves a lot of issues by providing the relevant information instantly.

The Mortgage calculator is a simple yet extremely powerful tool that helps to build trust between customer and lender, a trait that has always played an important role in the financial sector.

Mortgage calculator examples

Formula

Monthly Payment = (Home Value - Down Payment) * ((Interest Rate /12/100)*((1 + Interest Rate /12/100))) ^ (Loan Term * 12)) / (((1 + (Interest Rate /12/100)) ^ (Loan Term * 12)) - 1)

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Mortgage calculator is suitable for

Our Mortgage calculator is exclusively designed for everyone with an interest in finance and real estate, but it's a perfect match if you're a: Real estate professional, mortgage broker, realtor, any kind of lender or even a personal banking representative.

If you are working with finance and real estate, most likely you're dealing with mortgage loans daily and replying to endless mortgage inquiries of your customers. Then you must have noticed, how complex for your customers it could be and how many options and subtleties this topic covers. So you can either:

a) keep on answering tons of inquiries every day from your potential clients;

b) consult them via chat or phone;

c) arrange a seminar or a private meeting and explain to them their options.

OR you can save a lot of time and resources and USE our Mortgage calculator on your website, so your customers could find the information they’re looking for by themselves!

How does it work?

This Mortgage calculator is a customizable widget you can embed into your website. It is also fully customizable to meet the specifics of your business. Pretty much endless options give freedom to your imagination here.

You can personalize the mortgage calculator by adding or removing input elements and modifying the calculation formula. Would like to include mortgage insurance, hazard insurance, real estate taxes or change the repayment frequency? As we already told you above, our Mortgage calculator is fully customizable. Besides this basic version of Mortgage calculator, you can choose from alternative templates, like the mortgage calculator, which includes insurances and taxes fields or opportunity to change the repayment frequency.

Also, you can adjust design, color or text and give it identical appearance as your website. We can guarantee you - no one will ever notice it wasn't there before! It is completely compatible with all modern browsers, and totally responsive - works smoothly on any device whether it’s a smartphone, a tablet or a desktop computer.

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.

See mortgage calculator with order form in action calculate

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!

See mortgage calculator with mailing results function in action calculate

What are the benefits of having Mortgage calculator on your website?

Mortgage calculator provides great benefits both to business and directly to your customers:

Benefits for your business:

Benefits to your customers:

Go further, get even more leads

The Mortgage calculator is just a single pick from our infinite selection of calculators, acknowledged tools in improving the quality of your customer service. Turn on your creativity, because with Calconic you can create any interactive calculator you can think of! For example, you can build a calculator to figure how much your customers can afford to spend on a house or the one, which estimates the minimum required income for a house.

Remember - calculators are lead generators, so don't think twice if you're looking forward to attracting more customers and helping them to make the best financial decision. Create your free account today!

General FAQ

What is a mortgage calculator?

A mortgage calculator online tool that allows you to calculate monthly home loan payments, using various loan terms, interest rates, and loan amounts.

Why you should add mortgage calculator to your website?

A mortgage calculator is a simple yet extremely powerful tool that helps to build trust between customer and lender. It helps your site visitors make the informed decision without leaving your website.

How does a mortgage calculator widget work?

An interactive mortgage calculator is a customizable widget that can be embedded on your website. It is fully customizable to meet the specifics of your business. You can personalize the mortgage calculator by adding or removing input elements and modifying the calculation formula.

Does a mortgage calculator suit real estate agent needs?

A Mortgage calculator is designed for everyone with an interest in finance and real estate. It's a perfect tool for a Real estate professional, mortgage broker, realtor, any kind of lender or even a personal banking representative.

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