Mortgage Payment Calculator 1.3.3

Understanding the true cost of homeownership is critical for prospective buyers. Before making a purchase decision, many individuals seek clarity on monthly or bi-weekly payment structures.

The Mortgage Home Loan Payment Calculator Pro serves as an invaluable tool for potential homeowners by providing streamlined calculations of mortgage payments directly from your mobile device. This application is user-friendly and supports devices of varying screen sizes, making it accessible to a wide range of users.

Privacy is taken seriously; the app does not collect personal information and only requests necessary permissions to function effectively. Users can easily visualize their mortgage journey by entering relevant details to receive a payment schedule that outlines principal, interest, and remaining loan balance over time.

This app offers two primary calculation options from its main interface:

• Monthly and Bi-Weekly Loan Payment Calculation: Users can input detailed information similar to what a finance manager would require, including:
  • Property Information (optional)
  • House Price (required)
  • Closing Costs (optional)
  • Down Payment (optional)
  • Interest Rate (required)
  • Term of Loan in years (required)
  • Annual Insurance (optional)
  • Annual Property Tax (optional)
  • Monthly HOA Fees (optional)
  • PMI (monthly)
  • Miscellaneous Annual Expenses (optional)
  • Extra Annual Payments (optional)
• Affordable Purchase Price Calculation: Users can determine the maximum house price based on their targeted monthly payment using similar input categories:
  • Property Information (optional)
  • Desired Monthly Payment (required)
  • Closing Costs (optional)
  • Down Payment (optional)
  • Interest Rate (required)
  • Term of Loan in years (required)
  • Annual Insurance (optional)
  • Annual Property Tax (optional)
  • Monthly HOA Fees (optional)
  • PMI (monthly)
  • Miscellaneous Annual Expenses (optional)

The tool also facilitates early repayment assessments if users input additional annual payments towards the principal. While this free version includes advertisements, advanced features such as data export functionalities are available in the Pro version.

For inquiries or feedback regarding the application, users are encouraged to reach out via email at [email protected].