👉 Mortgage calculator simple is a word that can be used to describe a type of calculator used for calculating interest rates on mortgages, where the input is a fixed amount (like principal) and the output is a percentage of the principal.
The funny part is that when you're trying to calculate an interest rate, it's often easier to guess than to actually think about what those numbers represent. You might be tempted to enter "10%," because 10% seems like a reasonable guess, but you end up with an interest rate of 9% because the formula is just too complicated to remember. An example sentence using mortgage calculator simple could be: "Hey, how much do I need for my dream home? That's easy, just plug in the fixed amount (100%) and hit 'Calculate,' and you'll see what percentage it would be."
