- Quick specs
- Price: Free
- Operating system: Windows XP/Vista
- Date added: November 03, 2008
- Total Downloads: 35,966
- Downloads last week: 540
- See full specifications
- CNET editors' rating: stars
- Average user rating: stars out of 4 votes
See all user reviews
CNET editors' review
Reviewed by: CNET staff on June 01, 2009
If you are planning to purchase or refinance a home, the Vertex42 Mortgage Payment Calculator is a competent tool for you to see how much that home will cost over time.
The Vertex42 Mortgage Payment Calculator takes the work out of setting up one's own Excel spreadsheet, as it is, essentially, an Excel spreadsheet (it works with your Excel program). With the Vertex42 Mortgage Payment Calculator, you can compare up to five possible mortgages. And just like in Excel, if you have even more variables to consider, you may insert more columns. Easy to manipulate and manage, this simple spreadsheet offers information in a clear, logical way. But home buyer beware: the calculator does not take into account closing costs, property taxes, or insurance, and it assumes a $10,000 down payment on its loans (which is easily remedied with a keystroke or two).
The calculator's logically arranged information makes the comparison of several loan scenarios a breeze. Speaking of easy, you can also tweak variables so that you can consider the impact that adding years or payments (including paying bimonthly) can make in the life of a loan. Although there are lots of competing financial calculators available, the free Vertex42 Mortgage Payment Calculator does its job as promised and without any fuss.
Publisher's description
From Vertex42 :Use this simple spreadsheet to calculate and compare the monthly payment for different mortgages. See how soon you could pay off your home by making extra payments. Calculate the equity in your home after a specified number of years. Customize the spreadsheet to suit your needs. The download also includes versions that can be opened in OpenOffice Calc. Works for both US and Canadian mortgages.
This version is the first release on CNET Download.com.
What's new in this version:
This version is the first release on CNET Download.com.
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User reviews
- Average user rating: 3.8 stars out of 4 votes
- My rating: 0 stars Write review
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Showing 4 of 4 user reviewsSee all 4 user reviews
This software version | All versions -
Version: Vertex42 Mortgage Payment Calculator 1.0.1
Pros: was able to see which loan I wanted during my refinance. thanks a million
Cons: havent had any yet
Summary: geat it and the other progeam they have you wont be sorry
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Version: Vertex42 Mortgage Payment Calculator 1.0.1
"Works great for convential loans"
Pros: Very easy to use, good help, excellent spreadsheet for conventional loans.
Cons: Will not work on Alt-A, Interest Only, and other un-conventional loans.
Summary: Worth the usage for convential loans. Well built and laid out. Excellent spreadsheet.
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Version: Vertex42 Mortgage Payment Calculator 1.0.1
"Great for calculating time to pay off mortgage."
Pros: I was able to see how fast I could pay off my home by making prepayments.
Cons: Limited to monthly payments.
Summary: I like the way the spreadsheet compares the mortgages side-by-side rather than making you write down a number and then make a change and compare the new number to what you've written down.
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0 out of 1 people found this review helpful
Version: Vertex42 Mortgage Payment Calculator 1.0.1
"Don't remember much about this program"
Pros: Don't remember any pros
Cons: just didn't like the program.
Summary: Really do not remember what the problem was, but I installed this program and checked it out for a few minutes, then uninstalled it. Must not have been impressed with it. If I remember correctly, it was too complicated to do too little.
- See all 4 user reviews Write review
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