Karls Mortgage Calculator is an Android application that lets you know any of the numerous loan parameters. The utility works in many countries but was designed specifically for people in the United Kingdom and Canada.
In preparatory stage
This app is a versatile and powerful mortgage calculator. It takes into consideration many parameters related to this type of loan. Probably, the most important function is the ability to determine mortgage payments. To do so, the utility works with principal, interest and term. But the application is also able to reverse calculate any of these variables if you provide the rest of them.
The interface is informative and easy to use. You should enter numbers in the Input tab and let the tech do the math. Additionally, the application lets you know how much your monthly payment is going to change if you factor in various taxes, fees and HOA as well as PMI and other insurance costs.
The app also supports extra payments. You can clearly see how much money you are going to save if you decide to go the extra mile and pay in advance.
If you live in the United States and want to buy a home, you can refer to the service of GR Loans.
- calculation and reverse calculation of main mortgage parameters;
- various visual graphs and charts;
- the app is free to download;
- compatible with current Android versions.