The post P-value Calculator appeared first on onlinecalculator.wiki.

]]>Please provide any one value below to compute p-value from z-score or vice versa for a normal distribution.

Loading...

A p-value (probability value) is a value used in statistical hypothesis testing that is intended to determine whether the obtained results are significant. In statistical hypothesis testing, the null hypothesis is a type of hypothesis that states a default position, such as there being no association among groups, or relationship between two observations. Assuming that the given null hypothesis is correct, a p-value is the probability of obtaining test results in an experiment that are at least as extreme as the observed results. In other words, determining a p-value helps you determine how likely it is that the observed results actually differ from the null hypothesis.

The smaller the p-value, the higher the significance, and the more evidence there is that the null hypothesis should be rejected for an alternative hypothesis. Typically, a p-value of ≤ 0.05 is accepted as significant and the null hypothesis is rejected, while a p-value > 0.05 indicates that there is not enough evidence against the null hypothesis to reject it.

Given that the data being studied follows a normal distribution, a Z-score table can be used to determine p-values, as in this calculator.

The post P-value Calculator appeared first on onlinecalculator.wiki.

]]>The post Average Calculator appeared first on onlinecalculator.wiki.

]]>In the past, people used to calculate the Average manually using people doing it in their mind. Then with the invention of papers these calculations were done in the paper using pen or pencil.

As the technology was developing, the calculating methods also changed. In the mid 1960s the calculator came into existence which replaced all the conventional methods of calculating the Average.

And in the recent times, the Average Calculator has evolved digitally. There are a million websites which can help you in calculating the Average of the numbers. Just enter the number in the given box and press calculate. The answer is in your screens immediately.

Please provide numbers separated by a comma to calculate the average of the numbers.

Loading...

By this time after reading the topic, most of you would have said the answer very easily.

Average is a Average of few numbers !!!

Oops! I know the word average is very tricky. It has a meaning in the name itself. Many people use this word in many meanings. For example, A teacher may mark his student average. The content of movie may be rated as a Average by the critics.

But here in this post we are going to see what is the meaning of Average in mathematics. Actually Average is a number which represents the symbolic representation and weight age of the numbers in a group.

Sum = Total value of the numbers Added together

Number = Total Numbers which is added together

To calculate the Average of few numbers, we have to simply add all the given numbers and divide by the number of values added together.

12,16,18,25,24

The total number in the above example is 5 and the total sum of these numbers is 85.

The Average of this 5 numbers is 85 divided by 5 which is equal to 17.

So we can tell that the Average of these numbers is 17.

Now I guess you could have by now understood the meaning of Average in mathematics.

Average is also known by the name Arithmetic Mean. This method of finding the Average was used in the past using the Average calculator. This Average calculator was used for measuring the error percentage in sixteenth century.

The Average Calculator was used in writing the astronomy during the old days. Earlier the Mid range was used in the place of Average. But since the inception of Average as a mean of calculation, the Mid range concepts got vanished.

It is also used int eh metallurgy and navigation fields. In shipping during the older days, Average was used to predict the climatic change and the risk exposure.

Initially the insurance companies also was using this Average to calculate the Average risk taken every time they insure a ship or goods according to its risk nature.

Source: Wikipedia

The post Average Calculator appeared first on onlinecalculator.wiki.

]]>The post Calculator appeared first on onlinecalculator.wiki.

]]>Also check the scientific calculator.

We know that Math is the toughest subject to everyone in this world. But for few math is their favorite one. This is because of the fact that they understand the login behind the math subject.

Since it is so difficult to calculate the numbers in math, people started to think on inventing something which will solve this long pending issue of calculation manually.

There is a high possibility of getting wrong calculation while doing manual calculation.

This is where the need for a machine arise and the result if the need is CALCULATOR.

Calculator is a simple electronic device that assists us in doing the basic math works like addition, subtraction, division and multiplication. Nowadays with the advancement in the technology, calculators can do complex arithmetic calculations also.

Lets see the historic pathway followed by the Calculators in the below chronological data.

1960 – First soled state Electronic calculator was created

1970s – Pocket sized calculators started ruling the market

**Interesting Fact : Busicom is the first company to develop the first microprocessor for the calculator – Intel 4004**

Initially calculator was used in the petroleum industry in a vast range. By the end of the 1970s era, the calculators was developed in such a way that it became a very affordable electronic device which everyone should have.

In the advancement in technology, the calculator has also advanced and is with so many new features nowadays. At present we have scientific calculators which can do trigonometric and statistical calculations.

1986, An estimated 41% of the world’s generally used Hardware was calculator.

2007, Only 0.05% of the world is seeing calculator as a mandatory tool or hardware.

Scientific calculator displays of fractions and decimal equivalents

The calculators have a keyboard with numbers from 0 to 9 and the basic math symbols like addition subtraction multiplication and division. Few calculators have 00, 000 also.

If the calculator is able to calculate the input value, then it will show you a answer. The answer is shown in the LED output display screen in the top of the device. If the calculator is not compatible to do calculation for bigger numbers, the screen may display a error message.

Few calculators have function to display the last entered numbers also.

Most of the calculators do not have any memory capacity. It simply forgets the last made calculations. Few of the scientific calculators can have a limited memory and it can save some numbers and formulas also.

Maximum calculators run with a power source from a Battery. Solar cell calculators are famous old models. most of these calculators have a power on button but do not have power off button. Nowadays we have calculators as an app in the mobile itself.

The following keys are commonly used in most of the calculators. Only the way in which it is arranged will differ. Few calculators have the functional keys in the bottom. And in some calculators the functional keys are in the side. In some calculators the functionsal keys are in the top of the keyboard and below the display.

The post Calculator appeared first on onlinecalculator.wiki.

]]>The post Common Factor Calculator appeared first on onlinecalculator.wiki.

]]>Please provide integers separated by a comma “,” and click the “Calculate” button to find their common factors.

Loading...

A factor is a term in multiplication. For example, in:

3 × 4 = 12,

3 and 4 are the factors. It is possible for a number to have multiple factors. Using 12 as an example, in addition to 3 and 4 being factors:

3 × 4 = 12

2 × 6 = 12

1 × 12 = 12

It can be seen that 1, 2, 3, 4, 6, and 12 are all factors of the number 12. This is the most basic form of a factor, but algebraic expressions can also be factored, though that is not the intent of this calculator.

A common factor is a factor that is shared between two different numbers. It can also be referred to as a common divisor. As an example:

The factors of 16 include: 1, 2, 4, 8, and 16.

The factors of 12 include: 1, 2, 3, 4, 6, and 12.

Thus, the common factors of 16 and 12 are: 1, 2, and 4.

Often in math problems, it can be desirable to find the greatest common factor of some given numbers. In this case, the greatest common factor is 4.

This calculator only accepts positive integers as input to calculate their common factors. While only two numbers are used in the above example, the calculator can compute the common factors of more than two numbers.

The post Common Factor Calculator appeared first on onlinecalculator.wiki.

]]>The post Prime Factorization Calculator appeared first on onlinecalculator.wiki.

]]>Please provide a integer to find its prime factors as well as a factor tree.

Prime numbers are natural numbers (positive whole numbers that sometimes include 0 in certain definitions) that are greater than 1, that cannot be formed by multiplying two smaller numbers. An example of a prime number is 7, since it can only be formed by multiplying the numbers 1 and 7. Other examples include 2, 3, 5, 11, etc.

Numbers that can be formed with two other natural numbers, that are greater than 1, are called composite numbers. Examples of this include numbers like, 4, 6, 9, etc.

Prime numbers are widely used in number theory due to the fundamental theorem of arithmetic. This theorem states that natural numbers greater than 1 are either prime, or can be factored as a product of prime numbers. As an example, the number 60 can be factored into a product of prime numbers as follows:

60 = 5 × 3 × 2 × 2

As can be seen from the example above, there are no composite numbers in the factorization.

Prime factorization is the decomposition of a composite number into a product of prime numbers. There are many factoring algorithms, some more complicated than others.

**Trial division:**

One method for finding the prime factors of a composite number is trial division. Trial division is one of the more basic algorithms, though it is highly tedious. It involves testing each integer by dividing the composite number in question by the integer, and determining if, and how many times, the integer can divide the number evenly. As a simple example, below is the prime factorization of 820 using trial division:

820 ÷ 2 = 410

410 ÷ 2 = 205

Since 205 is no longer divisible by 2, test the next integers. 205 cannot be evenly divided by 3. 4 is not a prime number. It can however be divided by 5:

205 ÷ 5 = 41

Since 41 is a prime number, this concludes the trial division. Thus:

820 = 41 × 5 × 2 × 2

The products can also be written as:

820 = 41 × 5 × 2^{2}

This is essentially the “brute force” method for determining the prime factors of a number, and though 820 is a simple example, it can get far more tedious very quickly.

**Prime decomposition:**

Another common way to conduct prime factorization is referred to as prime decomposition, and can involve the use of a factor tree. Creating a factor tree involves breaking up the composite number into factors of the composite number, until all of the numbers are prime. In the example below, the prime factors are found by dividing 820 by a prime factor, 2, then continuing to divide the result until all factors are prime. The example below demonstrates two ways that a factor tree can be created using the number 820:

Thus, it can be seen that the prime factorization of 820, in either case, again is:

820 = 41 × 5 × 2 × 2

While these methods work for smaller numbers (and there are many other algorithms), there is no known algorithm for much larger numbers, and it can take a long period of time for even machines to compute the prime factorizations of larger numbers; in 2009, scientists concluded a project using hundreds of machines to factor the 232-digit number, RSA-768, and it took two years.

The following are the prime factorizations of some common numbers.

Prime factorization of 2: prime number

Prime factorization of 3: prime number

Prime factorization of 4: 2^{2}

Prime factorization of 5: prime number

Prime factorization of 6: 2 × 3

Prime factorization of 7: prime number

Prime factorization of 8: 2^{3}

Prime factorization of 9: 3^{2}

Prime factorization of 10: 2 × 5

Prime factorization of 11: prime number

Prime factorization of 12: 2^{2} × 3

Prime factorization of 13: prime number

Prime factorization of 14: 2 × 7

Prime factorization of 15: 3 × 5

Prime factorization of 16: 2^{4}

Prime factorization of 17: prime number

Prime factorization of 18: 2 × 3^{2}

Prime factorization of 19: prime number

Prime factorization of 20: 2^{2} × 5

Prime factorization of 21: 3 × 7

Prime factorization of 22: 2 × 11

Prime factorization of 23: prime number

Prime factorization of 24: 2^{3} × 3

Prime factorization of 25: 5^{2}

Prime factorization of 26: 2 × 13

Prime factorization of 27: 3^{3}

Prime factorization of 28: 2^{2} × 7

Prime factorization of 29: prime number

Prime factorization of 30: 2 × 3 × 5

Prime factorization of 31: prime number

Prime factorization of 32: 2^{5}

Prime factorization of 33: 3 × 11

Prime factorization of 34: 2 × 17

Prime factorization of 35: 5 × 7

Prime factorization of 36: 2^{2} × 3^{2}

Prime factorization of 37: prime number

Prime factorization of 38: 2 × 19

Prime factorization of 39: 3 × 13

Prime factorization of 40: 2^{3} × 5

Prime factorization of 41: prime number

Prime factorization of 42: 2 × 3 × 7

Prime factorization of 43: prime number

Prime factorization of 44: 2^{2} × 11

Prime factorization of 45: 3^{2} × 5

Prime factorization of 46: 2 × 23

Prime factorization of 47: prime number

Prime factorization of 48: 2^{4} × 3

Prime factorization of 49: 7^{2}

Prime factorization of 50: 2 × 5^{2}

Prime factorization of 51: 3 × 17

Prime factorization of 52: 2^{2} × 13

Prime factorization of 53: prime number

Prime factorization of 54: 2 × 3^{3}

Prime factorization of 55: 5 × 11

Prime factorization of 56: 2^{3} × 7

Prime factorization of 57: 3 × 19

Prime factorization of 58: 2 × 29

Prime factorization of 59: prime number

Prime factorization of 60: 2^{2} × 3 × 5

Prime factorization of 61: prime number

Prime factorization of 62: 2 × 31

Prime factorization of 63: 3^{2} × 7

Prime factorization of 64: 2^{6}

Prime factorization of 65: 5 × 13

Prime factorization of 66: 2 × 3 × 11

Prime factorization of 67: prime number

Prime factorization of 68: 2^{2} × 17

Prime factorization of 69: 3 × 23

Prime factorization of 70: 2 × 5 × 7

Prime factorization of 71: prime number

Prime factorization of 72: 2^{3} × 3^{2}

Prime factorization of 73: prime number

Prime factorization of 74: 2 × 37

Prime factorization of 75: 3 × 5^{2}

Prime factorization of 76: 2^{2} × 19

Prime factorization of 77: 7 × 11

Prime factorization of 78: 2 × 3 × 13

Prime factorization of 79: prime number

Prime factorization of 80: 2^{4} × 5

Prime factorization of 81: 3^{4}

Prime factorization of 82: 2 × 41

Prime factorization of 83: prime number

Prime factorization of 84: 2^{2} × 3 × 7

Prime factorization of 85: 5 × 17

Prime factorization of 86: 2 × 43

Prime factorization of 87: 3 × 29

Prime factorization of 88: 2^{3} × 11

Prime factorization of 89: prime number

Prime factorization of 90: 2 × 3^{2} × 5

Prime factorization of 91: 7 × 13

Prime factorization of 92: 2^{2} × 23

Prime factorization of 93: 3 × 31

Prime factorization of 94: 2 × 47

Prime factorization of 95: 5 × 19

Prime factorization of 96: 2^{5} × 3

Prime factorization of 97: prime number

Prime factorization of 98: 2 × 7^{2}

Prime factorization of 99: 3^{2} × 11

Prime factorization of 100: 2^{2} × 5^{2}

Prime factorization of 101: prime number

Prime factorization of 102: 2 × 3 × 17

Prime factorization of 103: prime number

Prime factorization of 104: 2^{3} × 13

Prime factorization of 105: 3 × 5 × 7

Prime factorization of 106: 2 × 53

Prime factorization of 107: prime number

Prime factorization of 108: 2^{2} × 3^{3}

Prime factorization of 109: prime number

Prime factorization of 110: 2 × 5 × 11

Prime factorization of 111: 3 × 37

Prime factorization of 112: 2^{4} × 7

Prime factorization of 113: prime number

Prime factorization of 114: 2 × 3 × 19

Prime factorization of 115: 5 × 23

Prime factorization of 116: 2^{2} × 29

Prime factorization of 117: 3^{2} × 13

Prime factorization of 118: 2 × 59

Prime factorization of 119: 7 × 17

Prime factorization of 120: 2^{3} × 3 × 5

Prime factorization of 121: 11^{2}

Prime factorization of 122: 2 × 61

Prime factorization of 123: 3 × 41

Prime factorization of 124: 2^{2} × 31

Prime factorization of 125: 5^{3}

Prime factorization of 126: 2 × 3^{2} × 7

Prime factorization of 127: prime number

Prime factorization of 128: 2^{7}

Prime factorization of 129: 3 × 43

Prime factorization of 130: 2 × 5 × 13

Prime factorization of 131: prime number

Prime factorization of 132: 2^{2} × 3 × 11

Prime factorization of 133: 7 × 19

Prime factorization of 134: 2 × 67

Prime factorization of 135: 3^{3} × 5

Prime factorization of 136: 2^{3} × 17

Prime factorization of 137: prime number

Prime factorization of 138: 2 × 3 × 23

Prime factorization of 139: prime number

Prime factorization of 140: 2^{2} × 5 × 7

Prime factorization of 141: 3 × 47

Prime factorization of 142: 2 × 71

Prime factorization of 143: 11 × 13

Prime factorization of 144: 2^{4} × 3^{2}

Prime factorization of 145: 5 × 29

Prime factorization of 146: 2 × 73

Prime factorization of 147: 3 × 7^{2}

Prime factorization of 148: 2^{2} × 37

Prime factorization of 149: prime number

Prime factorization of 150: 2 × 3 × 5^{2}

Prime factorization of 200: 2^{3} × 5^{2}

Prime factorization of 300: 2^{2} × 3 × 5^{2}

Prime factorization of 400: 2^{4} × 5^{2}

Prime factorization of 500: 2^{2} × 5^{3}

Prime factorization of 600: 2^{3} × 3 × 5^{2}

Prime factorization of 700: 2^{2} × 5^{2} × 7

Prime factorization of 800: 2^{5} × 5^{2}

Prime factorization of 900: 2^{2} × 3^{2} × 5^{2}

Prime factorization of 1000: 2^{3} × 5^{3}

The post Prime Factorization Calculator appeared first on onlinecalculator.wiki.

]]>The post Overweight Calculator appeared first on onlinecalculator.wiki.

]]>This calculator can be used to calculate your overweight status.

Change the Values using blue button

Loading...

Loading...

Loading...

Loading...

Your weight is **Normal**.

Normal weight range for the height: 59.9 – 81.0 kgs.

Overweight refers to increased body weight in relation to height beyond the accepted standard. The standard has been defined by the medical profession on the basis of a variety of reference percentiles based on body mass index (BMI) in various populations. A widely used set of reference BMI values is that developed by three doctors (Must A, Dallal GE, and Dietz WH ‐ Reference Data for Obesity, 1991) which is based on the sample from the first National Health and Nutrition Examination Survey (NHANES I).

Becoming overweight may or may not be due to increases in body fat. It may also be due to an increase in lean muscle. For example, professional athletes or military personnel may be very lean and muscular, with very little body fat, yet they may weigh more than others of the same height. While they may qualify as overweight due to their large muscle mass, they are not necessarily fat.

Obesity is defined as an excessively high amount of body fat or adipose tissue in relation to lean body mass. Being obese means that body fat is now beyond an accepted standard for your height.

Currently, 34 percent of Americans are overweight and a separate 34 percent are obese, according to the Center for Disease Control and Prevention in Atlanta.

There is a clear genetic tendency for obesity. But only for a relatively small percentage of the population. There is also a genetic tendency to becoming overweight, but this is less clearly defined.

Genetics don’t tell the whole story, however. “Genes are not destiny,” states the Harvard School of Public Health in a recent study.

For example, studies show that some of us have a genetic tendency to gain weight while eating fried foods, while others can consume all the fries they want to without gaining much weight.

In 2008, for example, a group of scientists demonstrated that physical activity offsets the effects of one obesity-promoting gene, a common variant of FTO. The study, in which 17,058 Danish men and women took part, found that people who carried the obesity-promoting gene, and who were inactive, had higher BMIs than people without the gene variant who were inactive. Having a genetic predisposition to obesity did not seem to matter, however, for people who were active: Their BMIs were no higher or lower than those of people who did not have the obesity gene.

It adds up to this: Physical activity gets energy out and helps keep you at a healthy weight, regardless of your genetic inheritance.

The best way to avoid being fat forever is to not get too fat in the first place. The latest research shows that, once you’ve been heavy and lost weight, you have to eat less and exercise more to simply maintain your body at a new, lower weight than would someone at the same height and weight who has never been heavy — essentially dieting for the rest of your life just to break even.

This is because the very act of losing weight places your body in a metabolically disadvantaged state — for how long, nobody is sure. Therefore, you need fewer calories simply to stay thinner, even if you’re not trying to lose. There’s a penalty to pay for having been overweight, experts say.

A study, published in the New England Journal of Medicine, suggests that if a person loses 10 percent of his or her body weight — going from, for example, 150 pounds to 135 pounds — there is a long-lasting change in the levels of hunger-controlling hormones which will make her crave food. The body seeks to defend that formerly heavier weight you got to, and it has vigorous mechanisms to achieve that, the study shows. As soon as you drop your guard, the weight creeps back on because your metabolism is not working as efficiently. That’s why losing a great deal of weight and keeping it off happens so infrequently.

The post Overweight Calculator appeared first on onlinecalculator.wiki.

]]>The post Anorexic BMI Calculator appeared first on onlinecalculator.wiki.

]]>Anorexia nervosa, commonly referred to as anorexia, is an eating disorder characterized by low body weight, a distortion of the perception of body image, and an obsessive fear of gaining weight. The disorder primarily affects adolescent females (aged 16-26) and is far less prevalent in males – only approximately 10% of those diagnosed with anorexia are male. Individuals with anorexia tend to control body weight through methods such as voluntary starvation, excessive exercise, or other weight control measures including the use of diet pills or diuretics.

There is no single test that can be used to diagnose anorexia, and it is often present in conjunction with other mental health conditions such as depression, anxiety, and obsessive-compulsive disorder. Physical exams, mental health assessments, blood tests, as well as standardized indexes like the body mass index (BMI) are typically used to diagnose anorexia nervosa.

As previously mentioned, the diagnosis of anorexia often requires multiple approaches, one of which is provided by the BMI Calculator. That being said, a BMI below 17.5 in adults is one of the common physical characteristics used to diagnose anorexia. There are also different tiers of anorexia based on BMI ranging from mild (<17.5), moderate (16-16.99), and severe (15-15.99), to extreme (<15). A BMI below 13.5 can lead to organ failure, while a BMI below 12 can be life threatening. Note however that BMI alone is not enough to make a diagnosis of anorexia and is solely a possible indicator.

Change the Values using blue button

Loading...

Loading...

Loading...

Loading...

BMI = 18.52 kg/m^{2}

**Your calculated BMI does not suggest anorexia nervosa.**

Healthy BMI range: 18.5 – 25 kg/m

**The result above is not a diagnosis**

Low BMI or body weight is just one physical feature for anorexia. Not all low BMI or body weight is related to anorexia. More information about anorexia is available at en.wikipedia.org/wiki/Anorexia_nervosa.

1. CDC weight chart for boy between age 2 and 20

2. CDC weight chart for girl between age 2 and 20

The post Anorexic BMI Calculator appeared first on onlinecalculator.wiki.

]]>The post Percent Off Calculator appeared first on onlinecalculator.wiki.

]]>Please provide two values below to calculate.

Change the Values using blue button

A percent off of a product or service is a common discount format. A percent off of a product means that the price of the product is reduced by that percent. For example, given a product that costs $279, 20% off of that product would mean subtracting 20% of the original price, from the original price. For example:

20% of $279 = 0.20 × 279 = $55.80

$279 – $55.80 = $223.20

You would therefore be saving $55.80 on the purchase for a final price of $223.20.

For this calculator a “stackable additional discount” means getting a further percent off of a product, after a discount is applied. Using the same example, assume that the 20% discount is a discount applied by the store to the product. If you have a coupon for another 15% off, the 15% off would then be applied to the discounted price of $223.20. It is not a total of 35% off of the original price, it is less:

15% of $223.20 = $33.48

$223.20 – $33.48 = $189.72

Thus, with a 20% discount off of $279, and an additional 15% off of that discounted price, you would end up saving a total of:

$55.80 + $33.48 = $89.28

This equates to a 32% discount, rather than a 35% discount, and this calculation is how the calculator is intended to be used. As an example, to more efficiently compute the discount described above:

Final price = (0.80 × 279) × 0.85 = $189.72

This is because 80% of the original price is the same as subtracting 20% of the original price, from the original price. The same is true for 85% and 15% case applied to the discounted price.

The post Percent Off Calculator appeared first on onlinecalculator.wiki.

]]>The post Mortgage Amortization Calculator appeared first on onlinecalculator.wiki.

]]>The mortgage amortization calculator provides an annual or monthly amortization schedule of a mortgage loan. It can also give out the monthly payment amount and interest accumulation.

Change the Values using blue button

Loading...

Loading...

Mortgage loans typically involve long periods of repayment because they generally consist of a large amount of money. The length of these loans helps the profit of the lending banks. The amortization table demonstrates this by showing the larger interest payments concentrated towards the beginning of the loan.

Various techniques exist that allow a person to amortize a mortgage faster and save money. If the loan contract does not explicitly permit using these techniques, it may be necessary to first negotiate with the lending bank to receive permission to do so.

One way to pay off a mortgage faster is to increase the amount of regular payments. It is possible to save a considerable amount of money and time by paying a small amount extra each month. For example, a $150,000 mortgage amortized over 25 years at an interest rate of 5.45% can be paid off two and a half years sooner by paying an extra $50 a month over the life of the mortgage, resulting in savings of over $14,000.

Most financial institutions offer a number of payment frequency options such as monthly or biweekly. Switching to a more frequent mode of payment such as from monthly to biweekly has the effect of causing a person to make an extra annual payment. This will result in savings on a mortgage. As another example, a $150,000 mortgage amortized over 25 years with an interest rate of 6.45% that is repaid in biweekly rather than monthly installments can save a person nearly $30,000.

A prepayment is a lump sum payment made in addition to regular mortgage installments, which reduces the outstanding balance of a mortgage. This results in a shorter mortgage life. The sooner the prepayment, the less interest paid overall, and the sooner the mortgage will be entirely paid off.

Keep in mind that banks can have conditions governing prepayments, usually defined in the mortgage agreement that reduces the banks’ interest earnings. These conditions may be a penalty for prepayments, a cap on how much can be paid in lump sum form, or a minimum amount specified for prepayments.

In refinancing, an existing mortgage is replaced with a new mortgage that is essentially a new loan, with a new interest rate, and new conditions. Refinancing can have its benefits, but it is important to weigh the comparison carefully and read the agreement thoroughly. Keep in mind the costs and fees associated with refinancing.

The post Mortgage Amortization Calculator appeared first on onlinecalculator.wiki.

]]>The post Canadian Mortgage Calculator appeared first on onlinecalculator.wiki.

]]>The Canadian Mortgage Calculator is mainly intended for Canadian residents and uses the Canadian dollar as currency, with interest rate compounded semi-annually.

Change the Values using blue button

Loading...

Loading...

The traditional period for amortization of a mortgage (the time to pay it off) is 25 years. But this is done in periods of five years at a time, though it is possible to pay the mortgage down in a shorter period, just not longer. The longer the amortization period, the smaller the interest payments will be, but the more the loan will cost in total.

Most mortgages have a five year term, though shorter terms are possible. The five-year mortgage term is the amount of time a mortgage contract is in effect. At the end of each term, the mortgage must be renewed for another term, at which point there is an opportunity to consider making any changes. Possible changes include renegotiating the rate as well as other details of the contract for the next term. The agreed-upon interest rate remains in effect for the term.

It is possible to choose between an open mortgage, which provides a person the flexibility of being able to repay all or part of a mortgage at any time without a prepayment charge, or a closed mortgage, which limits prepayment options. The latter usually has a lower interest rate.

Traditionally, mortgage payments are made every month. It is possible to arrange biweekly payments which permits faster repayment and a lower loan cost. A biweekly payment means making a payment of one-half of the monthly payment every two weeks. This results in 26 payments a year instead of 24.

A mortgage allows the option of building up a cash account. As the principal is amortized, the stored funds can be used as a source to take out cash when needed, and borrowed without charge. After use, the amounts are simply added back to the mortgage principal.

There are also options for flexible or skipped payments.

Most Canadian mortgages are portable, which means that if the owner moves before the five-year term is up, they can choose to apply their old mortgage to a new home. If it’s a more expensive home, it is also possible to take out a new loan for the difference.

Homeowners’ Association (HOA) fees are funds that are collected monthly from homeowners to obtain income needed to pay for things such as master insurance, exterior and interior maintenance, landscaping, water, sewer, and garbage costs.

The post Canadian Mortgage Calculator appeared first on onlinecalculator.wiki.

]]>