New Mortgage Calculator Shows Different Financial Scenarios
Opes Partners, a New Zealand based property investment firm has released a new mortgage calculator that shows Kiwis the effects of changing the inputs to their calculator.
Opes Partners managing Partner, Andrew Nicol said "there are so many mortgage calculators online, so you might wonder
why we built another one. When we looked at the mortgage calculators that were available online, we saw that many
offered a 'one and done' approach."
He continues, "what I mean by that is that you put in your situation and then you get an answer, whether that's your
monthly repayment, total repayment, or whatever data you are looking for. However, what we know from our research is
that many people using mortgage calculators run multiple scenarios and want to see the difference that changing their
interest rate, loan term or initial loan amount will have on their mortgage repayments. That's what our new mortgage
calculator does."
Initial feedback from the mortgage calculator has been well received, and Nicol says that the company will further
optimise the calculator as more feedback is received.