Mortgage Calculator is also available for the iPhone and iPad, just search "erten mortgage" on the App Store to download.
Mortgage Calculator calculates your mortgage payments instantly as you change the parameters. There are no buttons for calculation. It works with your currency that is defined in the regional settings. It will allow you see the high level mortgage summary, display monthly payments (amortisation table), and compare different mortgages. It will compare different mortgages in tabular form and in a bar chart. You can load or save the screens, so you can use it later, or use it to compare with other mortgage calculations that you create.
Simply change the mortgage details to see all the information about mortgage payments. The summary will give you concise information about the mortgage, such as: down payment, loan amount, monthly payments, total interest paid, total principal paid, and total payments.
The data tab displays the amortisation table. It includes: the period, interest paid, principal paid, monthly payment, total interest paid to period, total principal paid to the period, balance, and equity owned. At each period row, you will get detailed information on remaining payments and committed payments.
You will be able to instantly compare 5 similar mortgages. By changing loan increment and interest increment, it will display monthly payment differences on a table and on a bar chart.
It also supports saving and loading of the loan. Multiple windows will allow you to compare different mortgage products and options which you can save and reload to use again at any time.
-Real time calculations
-Detailed Mortgage summay.
-Itemised payment information
-Save and load different mortgages
-Compare different mortgages
-Adjust the loan and interest rate for quick compare
-Graphically representation of different mortgage options
-Full screen support
-Multiple windows support
File Read fix
Ratings and Reviews
Just about does what it says
Data is only broken down into monthly parts rather than having an option to show yearly figures as well. Also, could do with the option of entering a number into the ‘Down Payment’ feild rather than a percentage figure.
The App works, but there are better ones out there.
Up to six family members will be able to use this app with Family Sharing enabled.