Mortgage Calculator -Excel VBA solution-

Mortgage Tool built with Microsoft Excel, calculus and actions automated with VBA. Built to fit your needs, Unlock the power of your finances with this Mortgage Tool!

Unlock the power of your finances with Mortgage Tool! Our VBA solution will make it easy to understand and manage your mortgage payments, interest, and amortization. From monthly to annual payments, Mortgage Tool will give you the insight you need to get the most out of your finances. Take advantage of our software today & start managing your mortgage like a professional!

The Mortgage Calculator helps estimate the monthly payment due along with other financial costs associated with mortgages. There are options to include extra payments or annual percentage increases of common mortgage-related expenses. The calculator is mainly intended for use by U.S. residents.

A mortgage is a loan secured by property, usually real estate property. Lenders define it as the money borrowed to pay for real estate. In essence, the lender helps the buyer pay the seller of a house, and the buyer agrees to repay the money borrowed over a period of time, usually 15 or 30 years in the U.S. Each month, a payment is made from buyer to lender. A portion of the monthly payment is called the principal, which is the original amount borrowed. The other portion is the interest, which is the cost paid to the lender for using the money. There may be an escrow account involved to cover the cost of property taxes and insurance. The buyer cannot be considered the full owner of the mortgaged property until the last monthly payment is made. In the U.S., the most common mortgage loan is the conventional 30-year fixed-interest loan, which represents 70% to 90% of all mortgages. Mortgages are how most people are able to own homes in the U.S.

Requirement

This tool is created under Microsoft Excel and automated with VBA. It’s guaranteed that it works under windows machine, with Excel 2007 version and higher.

It is recommended that you use 2 Giga Ram computer as a minimal requirement.