Everybody desires to own a house of their own, but in the present context, giving preference to bank home loans is too cumbersome. The overburdening interest rates imposed by these conventional institutions, make it an exhausting task to get House loan at cheaper rate. The most secure and safe mode of raising funds for buying a house are house mortgage loans. A home mortgage calculator is a great tool efficient in enhancing clarity for the buyer. A mortgage rate calculator aids in getting the most appropriate mortgage amount for your loan and checking the monthly instalments. When it comes to do the calculation of interest rates and other crucial variables, the mortgage interest rate calculator aggregates different indices to facilitate better understanding.