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Kedra Posted 20 years ago
Vocabulary
Mortgage calculator?
Hi everyone. Real estate software often has a built-in Mortgage Calculator. I do understand what it is, but I wonder if it refer only to property sales? If say, it goes about property rentals, is Mortgage Calculator applicable? In general, will it make any sense if my company add a feature similar to Mortgage Calculator but meant for Property Rentals and how it can be called then. It will have fields "Days of stay", "Per day fee", etc. we want people to be able to calculate the whole rental fee right at the site. Thank you very much for your suggestions.
Top answer
825% and a payment period of 360 months and calculate their monthly payments. If the only variables you have are daily rental fee and # of days, just about anyone can figure that out without a calcuator built into the site. , it might be a nice feature.
- 825% and a payment period of 360 months and calculate their monthly payments.
- If the only variables you have are daily rental fee and # of days, just about anyone can figure that out without a calcuator built into the site.
- , it might be a nice feature.
- Especially if those extra features are not based on a daily rate.
- And especially if there are taxes!
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3 Answers
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Hi Kedra,
Mortgage calculators make sense because most people can't take $257,000 and an interest rate of 6.825% and a payment period of 360 months and calculate their monthly payments.
If the only variables you have are daily rental fee and # of days, just about anyone can figure that out without a calcuator built into the site. However, if you have other fees - extra person cha
Mortgage calculators make sense because most people can't take $257,000 and an interest rate of 6.825% and a payment period of 360 months and calculate their monthly payments.
If the only variables you have are daily rental fee and # of days, just about anyone can figure that out without a calcuator built into the site. However, if you have other fees - extra person cha
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Hi,
Yes, but I wouldn't call your feature a Mortgage Calculator, or people will get the wrong idea. How about simply a 'Rental Cost Calculator'?
Best wishes, Clive
Yes, but I wouldn't call your feature a Mortgage Calculator, or people will get the wrong idea. How about simply a 'Rental Cost Calculator'?
Best wishes, Clive
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Thanks a lot, you are right. Mortgage Calculator is not appropriate in my case, and yes, the only variables we have are daily / weekly rent.No taxes, no linen rentals etc. Thus, I think we will not invent anything at this point. Once again, thank you!
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