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Universal Web Services Launches the Live Mortgage Calculator on

With hopes to rival existing online mortgage calculators and fill a very large gap in performance and flexibility, Universal Web Services has launched the Live Mortgage Calculator. It is free and open to everyone.

Pittsford, NY, April 26, 2013 --( Any prospective homeowner has no doubt come across a few online mortgage calculators that offer you a quick assessment of your monthly payment, given a few variables like home value, property tax, and term of the loan. They certainly save you a few bucks on purchasing one of those fancy interest calculators from Radio Shack (do they still make those?).

An assessment of existing online mortgage calculators reveals a surprising number of missing elements. These missing elements are not only common to many other online tools, but important for any home buyer when reviewing multiple different loan options.

The first missing element is speed. The need to click the submit button every time a value is changed is frustrating to users, especially when reverse calculating recommended loan value based on affordability.

Accessibility comes next. The need to view more than one loan term at a time is essentially in determine the best possible loan for a home buyers financial situation. The ability to see a 30-year, 15-year, 10-year, 5-year side-by-side is a feature that hasn't made it into any online calculator to date.

Portability ranks high as well. Very few online mortgage calculators respond well when scaling up to a wide screen monitor, or down to a mobile device.

Flexibility leads to a more useful tool. For many, it makes more sense to start with a monthly payment and work backwards to come up with a reasonable loan value (perhaps also based on expected property tax and insurance costs).

Simplicity brings with it a more intuitive tool. While graphs, amortization charts and market news are great, they can clutter up the interface and add an unnecessary learning curve to what should be a very quick process.

The developers of the Live Mortgage Calculator have taken all of these ideals into account.

The submit button is the first to go. It's a click that just isn't necessary. Instead, any time you press a key, the numbers will automatically update. This is probably the largest improvement over existing mortgage calculators. It provides the ability to run numbers quickly, to allow testing of various scenarios.

Accessibility is improved by allowing side-by-side comparison of loan terms. Add or remove them as needed.

The Live Mortgage Calculator makes use of widescreen monitor space, as well as collapses nicely to fit in a mobile browser vie.

The ability to adjust the term, monthly payment, total payments, tax, pmi at any time is as flexible as it gets. Other fields will update automatically.

The Live Mortgage Calculator was released in Winter 2013 and continues to improve based on feedback from it's users.
Contact Information
Phil LaNasa

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