Smart Search Finance has upgraded its Comparison Rate Mortgage Calculator. It is easier to use, device and cross browser compatible for different device types
Comparison rate is the “real” interest rate paid over the life of the loan. It displays the real interest of the loan after accounting for costs such as upfront, ongoing and exit fees.
For example, a $350,000 home loan may advertise an interest rate at 5.00%. However, if the upfront fees are $500, exit fees are $1,000 and their is a $10 monthly fee the real interest rate would be 5.06%
To view the calculator the image below or click here.