Please help MSE test new tool: The ULTIMATE Mortgage Calc

yummymommy

I've just tested this and have to say I am very impressed with it:T

Former_MSE_Dan

manutd99 wrote: »

The one off payment figures just dont add up. Tried several figures and feel they cant be right.

For example

Repayment per month £264

£10 One off would save me £254 - surely cant be right

therefore if £10 is that high - paying £100 should be higher

£100 = £164 - Maybe right

£200 = £329 - Cant be right

therefore paying £300 should be higher than £329 erm no

£300 = £229

Figures all over the place.

This should be fixed now, thanks for letting us know about it

Former_MSE_Dan

Alexh wrote: »

Great too but needs to go up to 35 years

This is now done

manutd99

MSE_Dan wrote: »

This should be fixed now, thanks for letting us know about it

Seems to working. Thanks for the fix

remosquito

I'm getting some bugs in Firefox.... the speech bubble text box which drops down below the 3 options overlaps the box for Oustanding Mortgage when I click on the Ditch your Fix option. Also, the text box isn't big enough for all the text under the overpayments option... the words "of them" is outside the box.

roosterpotatoes

I think this is really good. We are thinking about getting a mortgage in the next few months and this is great, i like the way that it tells me in basic language, simply what our repayments are likely to be over the course (obviously 7.5% is the average interest rate over the term) and how much i would save by taking out a 5 year mortgage instead of 10 years etc

FISHEY

Hi just had a go,worked out that my daughter could not afford a bigger mortgage looks like she might be knocking at the bank of DAD.Also looked at the increase in payments due to interest increases, saved me a lot of time thanks team.

Boozer

Perhaps mentioned before by someone else, but i seem to only be able to put in one lump sum payment, i get bonus every year, so would like to put them all in.


OK, so found annualy, but i do not get the same bonus every year.

elsien

That was easy for us financially illiterate folks.
I liked the bit on ditch your fix where it tells you how low the interest rate would have to be to make the arrangement fees etc worthwhile - that's something I generally struggle with.

Caracul

JimmyTheWig wrote: »

Did you say if the new company were paying valuation and legal costs? If not, it will cost you to switch and so you would need a lower rate to make it worth it.

Thats true, I didn't - but in which case, what figures does it use?

In terms of the actual calculator, I think the layout and design are great. There are obviously a lot more things that could be added though - like a tie in to the budget calculator and telling you what mortgage you could afford?