United StatesThis is the Pro version of Karl's Mortgage Calculator. The only change from the free version is that the adverts have been removed.
Calculate mortgage payments given principal, interest and term. Reverse calculate any one variable given the other three.
Enter a down payment amount or percentage and let the calculator show how large a mortgage you require.
See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance.
The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates. Interest-only mortgages loans are also supported.
You can pay off your mortgage early with extra payments. Add one-off, monthly and annual extra payments. Choose up to six additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.
Choose from weekly to annual loan payments and adjust the compounding period from daily through annual periods. The calculator supports Canadian mortgages along with UK annual rest mortgages.
Multiple rounding options on loan calculations are also available. Choose between no rounding, round half up, half down, to even, to ceiling and to floor.
The calculator also supports the input and display of multiple currencies.
I really enjoy this app for mortgage payment analysis.
I have used this for at least 8 years. It has guided me through 4 loan refinances 3 commercial property sales and a home purchase. It's fantastic at being able to compare and figure out different loan options and forecasting.
It works and it works well. I'd easily recommend it to friends and family. Thanks Karl!!
I only had to use this app for a few minutes to grasp how powerful and well presented it is in totality. The icing on the cake was using the summary page to show my wife the projections and she was instantly able to follow something I would never have gotten her to understand with my excel amortization sheets (not an indictment on females). No hesitation in upgrading to support the dev.
Great tool
I was perfectly happy with the ad version. But such a good job went into designing I felt obligated to spend the money to support the dev(s).
Pay extra for pro, amazing App caught issues and "errors" the mortgage company made. Also was able to determine what final prices would be with the brokers calculating.
3.10.5
- Fix crash when small number of repayments
- Remove colours from report email
3.10.4
- Update FHA rates
- Fix reverse calculation when interest is zero
3.10.3
- Fix prepayment fields not displaying
3.10.2
- Fix Canadian insurance downpay %
3.10.1
- Fix rotation while in Settings
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