What this is:
This calculator looks at the monthly mortgage cost of a purchase price in the past, and adjusts it for inflation AND rates.
What to use this for:
Find a home that sold in the past (typically, pre-bubble times). Punch in the month, year and purchase price. The calculator will:
Look up the mortgage rate for the month prior to the sale
Spit out what purchase price (assuming 20% down) you'd have for todays (monthly) dollars - both at the original interest rate and todays (rough) interest rates
Caveot: numbers are somewhat rounded and may/not add up if you do it yourself.
Its all Javascript, if you want to fix any of my math, please do so. Any comments are welcome as well: thefox ..at.. gmail.com
month (1-12):
year (1980-2008):
purchase price (in $1000s):
current price (in $1000s):