In the realm of real estate, clarity is paramount. WPForms understands this and introduces the Simple Mortgage Calculator Form Template for calculating intricate mortgage details into straightforward information.
Utilizing the Simple Mortgage Calculator Form Template
Because it includes the Calculations Addon, which uses numerous formulas to auto-calculate different components of the mortgage plan, the Simple Mortgage Calculator Form Template requires the WPForms Pro license. Fields include:
- Property Price: The property’s cost is the foundation of every mortgage calculation. This user-defined field ensures a tailored result for every house or property price.
- Available Deposit: Every homebuyer has a unique budget. Users can get a clearer view of their loan requirements by entering their available deposit.
- Interest Rate: A crucial component, this user-defined field allows for precise mortgage calculations. Homebuyers can enter their anticipated rate to forecast their monthly payments accurately.
- Loan Duration: The term of the loan heavily impacts monthly payments. With this user-defined field, users can set the years they plan to repay the mortgage, ensuring tailored outcomes.
- Payment: Eliminating guesswork, this auto-calculated field provides users with the exact amount due each month based on the supplied details. It exemplifies user-friendliness.
- If Interest Rate Goes Up by 3%: A feature that sets this template apart, this auto-calculated field forecasts the monthly payment should interest rates rise by 3%. This prepares users for potential market fluctuations.
Sign up with WPForms today to access the Simple Mortgage Calculator Form Template to offer audiences an accessible yet thorough mortgage calculation tool, which makes intricate financial concepts understandable to all.