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Mortgage Calculator for Professionals for iOS

By Andrew Benson $9.99

Developer's Description

Mortgage Calculator -- Ridiculously easy to use.

Built for every-day professional use by loan officers and real estate agents, but easy enough for everyone to use! -- Enter Loan Amount, Interest Rate, Number of Months, and hit "Payment" for instant result.

Quickly share results by SMS text message or email.

Can also easily reverse-calculate loan terms -- enter any 3 loan terms (Loan Amount, Interest Rate, Number of Months, and Payment), and instantly calculate the 4th.

Calculates car and auto loans too! Also fully functional simple basic calculator.

Example #1 -- What will my monthly payment be?

Calculate monthly payment for $120,000 loan, 4% interest, 30 years (360 months):

Enter 120000. Click "Loan Amount".

Enter 4. Click "Interest Rate %".

Enter 360. Click "Term Months".

Click "Payment" to calculate monthly payment.

Result shows $572.90 per month.

Example #2 -- How fast will I pay off my loan?

I owe $140,000 and my interest rate is 4.25%. I am paying $1000 per month.

How long until it's paid in full?

Enter 140000. Click "Loan Amount".

Enter 4.25. Click "Interest Rate %".

Enter 1000. Click "Payment".

Click "Term" to calculate how long it will take to pay in full.

Result shows 16 years and 2 months.

Example #3 -- How big of a loan can I afford?

The bank's interest rate on a 20-year loan is 3.75%, and I can afford $1250 per month.

How big of a loan can I get?

Enter 240. Click "Term".

Enter 3.75. Click "Interest Rate %".

Enter 1250. Click "Payment".

Click "Loan Amount" to calculate the loan I can get.

Result shows 210,832.29.

Example #4 -- Calculate the current interest rate on a loan.

I know I pay $960 per month and that I have been in my 30-year loan for about 4 years.

My loan balance is about $132000.

I have about 26 years left on the loan. How many months is that?:

Enter 26. Click "*" (multiply). Enter 12. Click "=" (equals).

Result shows 312. Click "Term Months" to input that as months remaining.

Type 960. Click "Payment".

Type 132000. Click "Loan Amount".

Click "Interest Rate %" to calculate the interest rate.

Result shows 7.4675%.

If you like this App, please Rate us and consider writing a review. Positive reviews and ratings help us know we're doing something right. If you have a complaint or suggestion, please contact us via the Support link so that we may correspond with you.

No ads.

No in-app purchases.

Ever.

Full Specifications

What's new in version 1.0.1

General

Release March 15, 2020
Date Added March 15, 2020
Version 1.0.1

Operating Systems

Operating Systems iOS
Additional Requirements Requires iOS 8.0 or later. Compatible with iPhone, iPad, and iPod touch.

Popularity

Total Downloads 0
Downloads Last Week 0
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