Welcome to HSBC Watchdogs & Consumer Advocates

The Voice of HSBC Customers Around The World



Currently Reading

The Professional Mortgage Calculator determines a home owner's mortgage payments, and the breakdown of each monthly payment, assuming you get a non-predatory loan.

The calculator accepts:
Price (cost of home in US Dollars)
Percentage of Down Payment
Length of Mortgage
Annual Interest Rate


Based on the four items that the user enters, we can figure out the down payment (in US Dollars), the amount that the buyer needs to finance, and the monthly finance payment. The calculator can also break down the monthly payments so we know how much goes towards the mortgage's interest, the mortgage's principal, the loan's Private Mortgage Insurance (if less that 20% was used as a down payment), and an rough estimate of the property's residential tax.

The Professional Mortgage Calculator can be used to determine monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 

Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 

This is just one of our articles referencing HSBC complaints about mortgages, Bestbuy, credit cards, auto loans, fees, and late payment processing.

Author's Note: Don't forget to visit the Action Engine for help, downloads, or to search for more articles like this. HSBC Watch gives you more than just articles. Send us your complaint using the live help system at the bottom of each page

Notes

 

HSBC Watch monitors HSBC customer trends for possible violations of Regulation Z and other possible illegal actions. We use your individual HSBC complaints and merchant complaint reports to perform trend analysis. We are not associated with HSBC, Household International, or their merchants. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. HSBC Watch was formerly known as Household Watch is now part of the Lender Watch network

Network

Comments are closed.