This mortgage rate calculator calculates the INTEREST of a normal fixed interest mortgage loan.
Just insert the following information in the mortgage rate calculator:
The loan amount: ‘Principal’
The amortization in months: ‘Amort. (months)’
The periodic payment amount: ‘Periodic payment’
The payment type: ‘Monthly, annually, semi-annually, bi-weekly or weekly’
And click on: ‘Calculate Interest Rate’ to get the yearly fixed interest rate.