AccordingtotheintroductionofDrKarlJeacle,Karl'sMortgageCalculatorisaFinanceappontheAndroidplatform.Thereiscurrentlya3.8.7versionreleasedonSep22,2017,youcanseethedetailsbelow.
Calculatemortgagepaymentsgivenprincipal,interestandterm.Reversecalculateanyonevariablegiventheotherthree.Enteradownpaymentamountorpercentageandletthecalculatorshowhowlargeamortgageyourequire.
SeehowthemonthlypaymentchangeswhenyoufactorinadditionalmonthlyorannualloancostssuchasPMI,HOA,taxesandinsurance.
ThecalculatorsupportsFixedandAdjustableRateMortgages(ARM)loanswithuptofivechangesininterestrates.Interest-onlymortgagesloansarealsosupported.
Youcanpayoffyourmortgageearlywithextrapayments.Addone-off,monthlyandannualextrapayments.Chooseuptotenadditionalextrapaymentamountsandpaymentperiodsandthecalculatorwillshowhowmuchmoneyyoucansaveontheloan.
Choosefromweeklytoannualloanpaymentsandadjustthecompoundingperiodfromdailythroughannualperiods.ThecalculatorsupportsCanadianmortgagesalongwithUKannualrestmortgages.
Multipleroundingoptionsonloancalculationsarealsoavailable.Choosebetweennorounding,roundhalfup,halfdown,toeven,toceilingandtofloor.
Thecalculatoralsosupportstheinputanddisplayofmultiplecurrencies.
Permissions:
-Internetaccessrequiredforadvertsandanalytics