This new home mortgage calculator spreadsheet can be used for adjustable-rate (ARM) mortgages or fixed-rate mortgages. It can also be used to calculate the interest savings when making extra payments, and calculates tax returned based on the tax bracket you enter. As you pay down your loan, you pay less interest, and therefore the tax deduction decreases. Also, there is a big difference between the way a fixed-rate mortgage works vs. an variable-rate mortgage when making extra payments.
Home Mortgage Calculator
This new home mortgage calculator spreadsheet can be used for adjustable-rate (ARM) mortgages or fixed-rate mortgages. It can also be used to calculate the interest savings when making extra payments, and calculates tax returned based on the tax bracket you enter. As you pay down your loan, you pay less interest, and therefore the tax deduction decreases. Also, there is a big difference between the way a fixed-rate mortgage works vs. an variable-rate mortgage when making extra payments.
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