Online Mortgage Calculator

With the HP 12C's financial functions plus math and statistics, business professionals have been able to calculate mortgages, balloon payments, depreciation and bond yields for more than a decade. In fact, the HP 12C is the accepted calculator of the New York Stock Exchange. This item is currently available online only.

Amortization calculator - An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Amortization schedule - An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models.

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