Help me with mortgage tools

February 18, 2011 12:03 PM

Are there any good tools for visualizing mortgage options?

My mortgage renewal time is coming up. Canadian rates are at all time low and I want to play around with the variables. My options are a variable mortgage which is tied to Bank of Canada's prime rate or a fixed rate mortgage. I want to plot 3-5 potential mortgages and see what I am comfortable with.

Are there any tools like that? I've attempted to use bank's basic mortgage calculator but it's less than intuitive..

posted by aeighty to Home & Garden (2 answers total)

I found the Excel spreadsheet in this random internet thread to be a pretty good starting place for my comparisons. A little copy-and-paste magic was all it took to arrange the data a few different ways so I could compare each mortgage on different criteria.
posted by lantius at 12:11 PM on February 18, 2011

I often use Karl's Mortgage Calculator, though it may not be best for all types of mortgages.
posted by procrastination at 12:29 PM on February 18, 2011