Mortgage Calculator for Pros

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.  

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.

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Example #1 -- What will my monthly payment be?
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   Calculate monthly payment for $120,000 loan, 4% interest, 30 years (360 months):

   √ Enter 120000.  Tap "Loan $".
   √ Enter 4.  Tap "Rate %".
   √ Enter 360.  Tap "Months".
   √ Tap "Payment" to calculate monthly payment.

   Result shows $572.90 per month.

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Example #2 -- How fast will I pay off my loan?
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   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.  Tap "Loan $".
   √ Enter 4.25.  Tap "Rate %".
   √ Enter 1000.  Tap "Payment".
   √ Tap "Months" to calculate how long it will take to pay in full.

   Result shows 16 years and 2 months.

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Example #3 -- How big of a loan can I afford?
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   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.  Tap "Months".
   √ Enter 3.75.  Tap "Rate %".
   √ Enter 1250.  Tap "Payment".
   √ Tap "Loan $" to calculate the largest loan I can afford.

   Result shows 210,832.29.

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Example #4 --  Calculate the current interest rate on a loan.
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   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.  Tap "*" (multiply).  Enter 12.  Tap "=" (equals).
        √ Result shows 312.  Tap "Months" to input that as months remaining.
   √ Type 960.  Tap "Payment".
   √ Type 132000.  Tap "Loan $".
   √ Tap "Rate %" to calculate the interest rate.

   Result shows 7.4675%.

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Try it for free for up to 21 days, then get Lifetime Access with a single in-app purchase unlock.

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