1. Choose up to six additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.
2. The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates.
3. See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance.
4. Choose from weekly to annual loan payments and adjust the compounding period from daily through annual periods.
5. Enter a down payment amount or percentage and let the calculator show how large a mortgage you require.
6. The calculator supports Canadian mortgages along with UK annual rest mortgages.
7. Calculate mortgage payments given principal, interest and term.
8. Add one-off, monthly and annual extra payments.
9. This is the Pro version of Karl's Mortgage Calculator.
10. You can pay off your mortgage early with extra payments.
11. Multiple rounding options on loan calculations are also available.
1. This app can do everything I want - Interest totals over the course of the loan, how my loan is affected if I make extra payments, and how much my monthly payment will be with escrow are just a few.
2. Extra payments especially and it's an app which is very convenient.Just bought the Pro version to support the developer as the free version is so damn useful.
3. Unfortunately, the total payment for both account are the same weather you put extra money or not.Great app.
4. For example, I made a $25000 extra payment in January then change the interst rate for April.
5. I made two loan account, one with extra payment and one without.
6. Especially as the number is tied to all the payment options.I have used the free version of this calculator for many years.
7. It took me a while to properly understand the different inputs but now that I have it's been invaluable in calculating different options for payments against a mortgage.
8. I bought it primarily to see the impact of extra payments to pay down mortgage early.
9. One simple request - please add a month number since mortgage start to the Payment and Period tables.
10. The total payment for May should be lower then the account with no extra payment.
11. Saved me £££ thanks to the developers.Been using the free version for a while.