<s>
Mortgage	B-Application
calculators	I-Application
are	O
automated	O
tools	O
that	O
enable	O
users	O
to	O
determine	O
the	O
financial	O
implications	O
of	O
changes	O
in	O
one	O
or	O
more	O
variables	O
in	O
a	O
mortgage	O
financing	O
arrangement	O
.	O
</s>
<s>
Mortgage	B-Application
calculators	I-Application
are	O
used	O
by	O
consumers	O
to	O
determine	O
monthly	O
repayments	O
,	O
and	O
by	O
mortgage	O
providers	O
to	O
determine	O
the	O
financial	O
suitability	O
of	O
a	O
home	O
loan	O
applicant	O
.	O
</s>
<s>
Mortgage	B-Application
calculators	I-Application
are	O
frequently	O
on	O
for-profit	O
websites	O
,	O
though	O
the	O
Consumer	O
Financial	O
Protection	O
Bureau	O
has	O
launched	O
its	O
own	O
public	O
mortgage	B-Application
calculator	I-Application
.	O
</s>
<s>
Mortgage	O
calculation	O
capabilities	O
can	O
be	O
found	O
on	O
financial	O
handheld	O
calculators	O
such	O
as	O
the	O
HP-12C	B-Device
or	O
Texas	O
Instruments	O
TI	B-Application
BA	I-Application
II	O
Plus	O
.	O
</s>
<s>
There	O
are	O
also	O
multiple	O
free	O
online	O
free	O
mortgage	B-Application
calculators	I-Application
,	O
and	O
software	O
programs	O
offering	O
financial	O
and	O
mortgage	O
calculations	O
.	O
</s>
<s>
Prior	O
to	O
the	O
wide	O
availability	O
of	O
mortgage	B-Application
calculators	I-Application
,	O
those	O
wishing	O
to	O
understand	O
the	O
financial	O
implications	O
of	O
changes	O
to	O
the	O
five	O
main	O
variables	O
in	O
a	O
mortgage	O
transaction	O
were	O
forced	O
to	O
use	O
compound	O
interest	O
rate	O
tables	O
.	O
</s>
<s>
In	O
contrast	O
,	O
mortgage	B-Application
calculators	I-Application
make	O
answers	O
to	O
questions	O
regarding	O
the	O
impact	O
of	O
changes	O
in	O
mortgage	O
variables	O
available	O
to	O
everyone	O
.	O
</s>
<s>
Mortgage	B-Application
calculators	I-Application
can	O
be	O
used	O
to	O
answer	O
such	O
questions	O
as	O
:	O
</s>
<s>
A	O
potential	O
borrower	O
can	O
use	O
an	O
online	O
mortgage	B-Application
calculator	I-Application
to	O
see	O
how	O
much	O
property	O
he	O
or	O
she	O
can	O
afford	O
.	O
</s>
<s>
A	O
mortgage	B-Application
calculator	I-Application
can	O
help	O
to	O
add	O
up	O
all	O
income	O
sources	O
and	O
compare	O
this	O
to	O
all	O
monthly	O
debt	O
payments	O
.	O
</s>
<s>
This	O
formula	O
is	O
provided	O
using	O
the	O
financial	O
function	O
in	O
a	O
spreadsheet	B-Application
such	O
as	O
Excel	B-Application
.	O
</s>
