The most professional, fast, comprehensive and easy to use mortgage calculator application for your iPhone. Whether you are an experienced broker, or a first time home hunter, this application will solve your need. Calculations are done in as-fast-as-you-type fashion where every newly typed digit refreshes the form and suggestive values guide you through the process. Whether you want to calculate monthly payment based on the loan amount or the loan you can get based on the monthly payment you can afford, just type in the values you know and we will calculate the rest.
You can enter down payment and tax in either percentage or absolute value and we will calculate the other. Then we will remember your preference and continue calculating based on it until you change it.
As soon as you finish with your input, we hide the keyboard to give you a quick look of the complete form data. You want to E-Mail the form after you are done, just hit the envelope icon.
To see a full term amortization table with monthly split by interest and principal and yearly summaries, hit the Table button. This gives a great perspective on the loan life cycle and may suggest ways to optimize your loan parameters.
As an industry first, we added Private Mortgage Insurance (PMI) in the calculations. You enter the percentage of the PMI and we calculate the monthly payment and total number of payment you will need to make until you gain 20% equity and you no longer need to make PMI payment. Tap on the monthly payment label to toggle between show/hide PMI in the total monthly payment.
Features
• Calculate monthly payment based on loan amount or the loan you
can get based on the monthly payment you can afford;
• As-fast-as-you-type calculations;
• USA & Canadian calculations supported;
•Monthly and Bi-weekly accelerated payment calculated;
•PMI support;
•Send your quote via E-Mail;
•Full loan term amortization table;
•Preserve form data between application restarts;
•Shake to clear the form.
