Karl’s Mortgage Calculator
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Rating: 4.6 (2,626) Cost: Free Downloads: 500,000 - 1,000,000
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 ten 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.
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- External storage access required to store email attachments prior to sending
Mr LOS - 2011-10-06
I use it very often, not as accurately as HP but pretty close.
Haitham - 2011-08-14
No other app compares. Been using it for many years! Samsung 4G
Karl - 2011-10-08
Thanks for letting us use this for free!
Douglas - 2011-08-12
Nice idea, but maddening trying to enter data. Often, it does not respond when you try to select a cell to edit. And you can't position the cursor.
Steve - 2011-09-03
Has everything...includong association dues amd easy to read summary. The best one I've seen for calculating on the fly at a house your client likes.
jp - 2011-08-02
Used this app as I was selling my house and buying a new one. I had no surprises when I signed my new mortgage. Thanks Karl!
William - 2011-07-30
Sailesh - 2011-09-25
Took me about 3 minutes to figure out how to use it for my re-fi purpose. Thanks for this free app.
Dave - 2011-09-15
Really has a lot of extras, easy to use. Doesn't recognize my hard keyboard (tmobile G2)
Joshua - 2011-09-21
Add triple zero button on calc Add a save feature Other than that great app
Filed Under: Finance