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# Mortgage Calculator for Professionals for iOS

\$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 in-app purchases.

Ever.

## Full Specifications

### General

Release 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.

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