RSS

Property Calculator | Calculators To Organise Your Financial Position

July 31, 2009 | admin | Comments 7

calculators1Our financial situations have become so much more complex nowadays and when you have investments in properties, keeping in control of your finances is essential.

For that reason I have previously given you the link to some property calculators for working out mortgage repayments but here is another site where you will find calculators to work out many of the finance solutions you will need in all areas of your investments: Loan Calculator, Interest Calculator, Loan Amortization Calculator, Mortgage Calculator, Mortgage Payoff Goal Calculator and Bi-weekly Mortgage Calculator.

What most people do not focus on when purchasing a house is the fact that the interest rate is even more important than the purchase price of a property!  You may think that by saving $5,000 on a purchase price if the house prices drop further, you are better off.  The point is that if mortgage interest rates rise from 4.75% to 6% you will in effect be paying a lot more for the home.

For example:

House Price       Interest Rate       Terms       Monthly Repayments      Price Plus Interest

$150,000                  4.75%                   30 years                       $782.40                  $281,664
$145,000                   6%                      30 years                       $869.35                  $312,966

Keeping track of your property ins and outs is important but don’t forget to also keep track of all your personal expenses, especially during this difficult financial period.

Check out the Property calculators that I gave you the link for and see which may help you.

Let me know your comments.

Happy Investing.

Filed Under: FeaturedInterest RatesInvestment StrategiesProperty Investment TipsProperty Websites

Tags:

About the Author:

RSSComments (7)

Leave a Reply | Trackback URL

  1. International markets are also offering this property investments. You can enjoy the high returns from these properties. You can also avail the information in web sites which deals with properties.

  2. very useful calculator. I’ll use this anytime any day

  3. admin says:

    Thank you, I love your positive feedback.

    Best regards
    Tracey Luniss

  4. [...] help you with your investment property calculations you might find the following form very useful.  The suggestion would be that you complete one of [...]

  5. Si says:

    I like to find out historical house prices in Melbourne. Basically I like to know if a property is worth say $100K in Melbourne what will be the price in 1998, 2003 and 2005 for CGT calculations.

    thanks

    si

  6. Its true from investment in property always give high returns with time, for this need the right calculation and Tracey your calculator is really a great and helpful for the same, it will help to make right decision for this big step of investment.

    Thanks for sharing such a great calculation information.

    Cheers.

  7. I like to check out your blog a couple times a week for new readings. I was wondering if you have any other topics you write about? You’re a very good writer!

Leave a Reply

If you want a picture to show with your comment, go get a Gravatar.