You can work out the monthly mortgage payment and total interest at 5 different rates of interest throughout the loan period. There is also a mortgage payment comparison report helping you to compare the total interest and payments for corresponding rates.
Added on: Thu Mar 15, 2007 2:19 am
religa
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Reports make analysis of information clearer to understand. If people are able to compare the differences at various interest rates then they would be able to bargain more with the prospective lender. They will then have the knowledge that even a .8 difference in rate can be a big difference in the total amount they will have to pay over the full term of the loan.
