About Mortgage Payment Calculator
How much will that house really cost per month or every two weeks? Want to know BEFORE you buy it and sign your life away? Then use my Mortgage Home Loan Payment Calculator and find out in just a few minutes. The Mortgage...
How much will that house really cost per month or every two weeks? Want to know BEFORE you buy it and sign your life away?
Then use my Mortgage Home Loan Payment Calculator and find out in just a few minutes.
The Mortgage Home Loan Payment Calculator Pro turns you into a negotiator extraordinaire and a well-informed future home-owner when shopping for a house by quickly and easily calculating a monthly loan payment or an affordable purchase price on location with your mobile device.
This app fully supports tablets and phone screens of all sizes.
SAFE - We DO NOT collect any personal information with this app. It only requests the minimum permissions necessary to perform its functions.
The app will also show you the payment schedule for your proposed mortgage. Just enter all of your data, press the Calculate button, and then press the Show Payment Schedule button and it will show you the principal, interest, and principal loan balance for each month of your mortgage.
This app can be moved to the SD card. This is the free version and has ads.
At the start screen, you simply choose what you want to calculate:
1. Monthly and BiWeekly Loan Payment.
2. The Price of a House that you can Buy based on the Monthly Payment that you can Afford.
You then simply enter the required information (e.g., price, interest rate, term of loan), plus any optional information (e.g., Property Tax, Insurance, PMI, HOA dues, etc.), and then press the calculate button.
Two main options are available to the user from the start screen:
Calculate a Monthly and BiWeekly Loan Payment. This option offers allows the user to input all items that a dealer finance manager would input into their system to calculate a monthly loan payment.
A user can enter the following:
1. Property Info (optional)
2. Price of House (required)
3. Closing Costs financed (optional)
4. Down Payment (optional)
5. Interest Rate (required)
6. Term of Loan in years (required)
7. Annual Insurance (optional)
8. Annual Property Tax (optional)
9. HOA dues/fees monthly (optional)
10. PMI (monthly)
11. Misc Annual Expenses (optional)
12. Extra Payment Annual (optional)
The app then calculates the monthly and biweekly loan payment of the car based on the information above. It will also display the total amount financed, the total interest, and the total of payments.
If you enter an extra annual payment (to pay down the principal balance), the app will also determine if and when the load will be paid off early.
Calculate the Affordable Purchase Price of a car based on the monthly loan payment interest rate, term of loan and any other optional information.
A user can enter the following:
1. Property Info (optional)
2. Monthly Payment (required)
3. Closing Costs financed (optional)
4. Down Payment (optional)
5. Interest Rate (required)
6. Term of Loan in years (required)
7. Annual Insurance (optional)
8. Annual Property Tax (optional)
9. HOA dues/fees monthly (optional)
10. PMI (monthly)
11. Misc Annual Expenses (optional)
The app then calculates the affordable purchase price of the car based on the information above. It will also display the total amount financed, the total interest, and the total of payments.
If you want to export the mortgage loan data (i.e., share it via email or text message), then you must buy the Pro version.
Please feel free to email any questions, comments, or suggestions to
[email protected].
Previous Versions
Here you can find the changelog of Mortgage Payment Calculator since it was posted on our website on 2019-08-06 15:03:44.
The latest version is 1.2.5 and it was updated on 2024-04-19 17:59:38. See below the changes in each version.
Mortgage Payment Calculator version 1.2.5
Updated At: 2024-01-16
Changes: Updated the app to use the latest Android OS software.
Mortgage Payment Calculator version 1.2.1
Updated At: 2022-05-01
Changes: Add sub-text to the P & I Payment fields to make it clear that they are calculated principal and interest only.
Mortgage Payment Calculator version 1.2.0
Updated At: 2022-02-07
Changes: Added a new feature to allow users to choose the annual or monthly for the extra payment amount.
Added a new setting that allows user to turn the button vibration on or off.
Mortgage Payment Calculator version 1.1.15
Updated At: 2022-01-09
Changes: Made minor updates to the app icon.
Mortgage Payment Calculator version 1.1.14
Updated At: 2021-12-27
Changes: Updated the app to use the latest Google Andoird software and work on the latest Android OS.
Changed the color of the Pro version Buy buttons to green on the Payment Calc and Affordability screens to match the main starting screen.
Mortgage Payment Calculator version 1.1.13
Updated At: 2021-10-05
Changes: Updated system software to make the app more stable and reliable.
Mortgage Payment Calculator version 1.1.12
Updated At: 2020-10-16
Changes: Updated the default interest rate to 3.0 %. Users can still set their own default interest rate in the Settings.
Mortgage Payment Calculator version 1.1.11
Updated At: 2020-04-26
Changes: Updated the app to use the latest Google APIs. This should have no effect on users except to make the app more stable and reliable.
Mortgage Payment Calculator version 1.1.9
Updated At: 2019-11-14
Changes: Revised the Affordable Price calculation to better take into account the 5 expenses including insurance, tax, HOA, PMI, and misc. The Affordability screen will now show a Principal and Interest Monthly Payment at the bottom to show how much of the total monthly payment is allocated to principal and interest on the loan after subtracting the insurance, tax, HOA, PMI, and misc. expenses.
Mortgage Payment Calculator version 1.1.6
Updated At: 2019-06-25
Changes: Changed color scheme to a dark blue and light gray combination per request by customers.
Darkened the light gray background a little.
Darkened the red background of buttons when pressed
Changed the text of the Start screen.
