Mortgage Rate Change Calculator - Assess Impact Of Rising Interest Rates On Monthly Payments

We create a calculator which shows how changes in interest rates may affect your monthly mortgage payments. In 2022, central banks have consistently been increasing interest rates in order to tackle inflation. Therefore, this calculator becomes ever more important, especially if you are on a variable rate. Based on your current mortgage balance, the remaining term of your mortgage, the current interest rate you’re on and the interest rate change you are expecting, the calculator will retrieve an indication of your current monthly mortgage payment and your new monthly payment as well as the difference between the two.
DISCLAIMER: This calculator is for illustrative purposes only. Although I have taken great care to check all of the calculations, I am not a qualified accountant or advisor, and you should not use this video to substitute financial advice. Make sure you talk to your own accountant or financial advisor before you use this calculator to make any financial decisions.
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See Fixed Mortgage Repayment Calculator Video:
• Create A Monthly Amort...
See Variable Mortgage Repayment Calculator Video:
• Variable Rate Mortgage...
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Overview: (0:00)
Current & New Mortgage Payment: (1:13)
Payment Change: (3:30)

[@Sahibariaz]

Hi I commented on one of your older videos (assign names randomly to groups) can you help me with adding some conditions to that formula please