A mortgage Calculator is a very integral automated tool that helps you to determine the financial implications of any changes in the variables of a mortgage. It helps to translate your mortgage amount to the expected monthly payments. Thus it gives you an accurate picture of your expected monthly payments.

The mortgage calculator will help estimate the expected monthly payments if you have opted for a loan modification. Thus you will be able to ensure you have a plan you can afford to sustain depending on your current income and available finances.