X

Quick Mortgage Comparisons for iOS

By MSYapps $1.99

Developer's Description

Quick Mortgage Comparisons allows comparison between two mortage alternatives. Either alternative may be a fixed-rate mortgage or an adjustable-rate mortgage (ARM). For a fixed-rate mortgage, you must supply the principal amount of the loan, the term of the loan in months, and an annual interest rate in percent.An adjustable-rate mortgage has additional conditions: the initial term of the ARM's first interest rate period, the interest rate adjustment that will take effect during each subsequent step defined by the step frequency in months, and lastly the maximum interest rate or cap after applying each of the steps of interest. So, for example, an ARM that has an initial interest rate of 2% per annum, steps of 0.5% each 12 months, and a maximum interest rate of 6% per annum will take 8 years of step increases to go from 2% to 6% annual interest rate. Naturally, the monthly principal and interest payments required will adjust with each step increase of the ARM.

Full Specifications

What's new in version 2.2

- Changes to accommodate iOS 9, mostly font changes.

General

Release June 11, 2016
Date Added June 11, 2016
Version 2.2

Operating Systems

Operating Systems iOS
Additional Requirements Compatible with: ipad2wifi, ipad23g, ipadthirdgen, ipadthirdgen4g, ipadfourthgen, ipadfourthgen4g, ipadmini, ipadmini4g, ipad2wifi, ipad23g, ipadthirdgen, ipadthirdgen4g, ipadfourthgen, ipadfourthgen4g, ipadmini, ipadmini4g

Popularity

Total Downloads 2
Downloads Last Week 0
Report Software

Related Apps

Blockchain - Bitcoin Wallet

Free
Blockchain - Bitcoin Wallet

Venmo

Free
Venmo

PayPal - Send and request money safely

Free
PayPal - Send and request money safely

Mint: Personal Finance, Budget, Bills & Money

Free
Mint: Personal Finance, Budget, Bills & Money

Get the best price on everything

Shop your favorite products and we’ll find the best deal with a single click. Designed to make shopping easier.