Mortgage Payment Calculator for Microsoft Excel for Mac

Mortgage Payment Calculator for Microsoft Excel for Mac

Average User Rating:
2.0
out of 2 votes

Quick Specs

  • Version:
    2.0
  • Total Downloads:
    4,265
  • Date Added:
    March 17, 2013
  • File Size:
    83.58KB
  • Downloads Last Week:
    9
  • Operating Systems:
    Mac OS X 10.3/10.4/10.4 Intel/10.4 PPC/10.5/10.5 Intel/10.5 PPC/10.6/10.7/10.8

Publisher's Description

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User Reviews
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Results 1–2 of 2

3 stars

"Does what it says it does"

October 22, 2010  |  By mostundudelike

 |  Version: Mortgage Payment Calculator for Microsoft Excel 1.0

Pros

Does exactly what it says (for most users.) Attractive interface.

Cons

Somewhat limited, Requires excel.

Summary

If you want to look at financing options, this is a good free tool.

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1 stars

"Too limited"

October 15, 2010  |  By macKiwi

 |  Version: Mortgage Payment Calculator for Microsoft Excel 1.0

Pros

It will help to calculate your mortgage repayments if you pay monthly

Cons

It is no good if you pay your mortgage on any other basis such as fortnightly or even weekly. Also it needs facilities to accommodate the following:
interest rate adjustments
term adjustments
advance or lump sum payments during the mortgage.

Summary

The program itself needs to have an option for monthly or fortnightly payments. I guess it has been written in the US and there it may be common for monthly payments but elsewhere, banks do offer alternative payment schedules such as fortnightly, resulting in 26 payments a year instead of just 12 (which makes quite a difference on the calculations).

As for variations caused by rate changes, term changes or voluntary repayments, the easiest solution might be to break the schedule at the last payment and begin the calculations all over again. Therefore a set of instructions how to do this within this spreadsheet may be useful.

After doing this, the program would possibly have a more universal application.

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Results 1–2 of 2

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Full Specifications

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What's new in version 2.0
  • Compare mortgage scenarios
  • Additional payment frequencies (semi-monthly, bi-weekly, weekly)
  • Minor UI enhancements
General
Publisher ReQuantify
Publisher web site http://www.requantify.com
Release Date March 17, 2013
Date Added March 17, 2013
Version 2.0
Category
Category Business Software
Subcategory Spreadsheet Software
Operating Systems
Operating Systems Mac OS X 10.3, Mac OS X 10.5, Macintosh, Mac OS X 10.4 Intel, Mac OS X 10.4 PPC, Mac OS X 10.7, Mac OS X 10.5 PPC, Mac OS X 10.4, Mac OS X 10.6, Mac OS X 10.5 Intel, Mac OS X 10.8
Additional Requirements Microsoft Excel 2003 or greater
Download Information
File Size 83.58KB
File Name MortgagePaymentCalculator-US-2.0.zip
Popularity
Total Downloads 4,265
Downloads Last Week 9
Pricing
License Model Free
Limitations Not available
Price Free

Previous Versions:

 
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