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  1. #1
    QM
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    Default Help With Online Amortization Calculators?

    Why is it that when I key in all the same numbers into different online amortization calculators, different figures pop up for the mortgage payment? I know what my bank says it is. I know what a few of the websites say. Why does everything have a different number attached? I'm looking for an amortization website that can show me accurate and detailed information.
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  2. #2
    Moderator monkeywrangler71's Avatar
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    Default

    Are they all from the same country? Canadian and American mortgages calculate interest differently.

  3. #3
    QM
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    Default

    That might be it, MonkeyWrangler! I've decided to use my own bank's online amortization calander because it comes out to exactly what I'm paying now. So, I'll stick with that.
    An obstacle is what comes up when you lose sight of your goal.

    Daily Fix It, Sort It, or Clean It Challenge

    May No-Spend: 9/12 "A penny saved is a penny earned!"
    1 (), 2 (), 3 (), 4 (), 5 (), 6 (), 7 (), 8 (), 9 (), 10 (), 11 (), 12 (), 13 (), 14 (), 15 (), 16 (), 17 (), 18 (), 19 (), 20 (), 21 (), 22 (), 23 (), 24 (), 25 (), 26 (), 27 (), 28 (), 29 (), 30 (), 31 ()

    2012 Lose-A-Pound-A-Week Challenge
    I have 8.2 lbs to lose (as of Mon, May 28th, 2012)

    Personal
    Pay off my Morgage
    $101,927.57 (as of May 28th, 2012 - 10 years, 0 months left...partly because we got a new interest rate )/$108,631.38 (as of Dec. 3rd, 2011 - 12 years, 7 months left)
    Pay off my Line of Credit
    $6,977.26 (as of May 28th, 2012)/$17,790.73 (as of Dec. 3rd, 2011)

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