Karl's Mortgage Calculator

Karl's Mortgage Calculator


Calculate mortgage payments given principal, interest and term. Reverse calculate any one variable given the other three.

Enter a down payment amount or percentage and let the calculator show how large a mortgage you require.

See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance.

The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates. Interest-only mortgages loans are also supported.

You can pay off your mortgage early with extra payments. Add one-off, monthly and annual extra payments. Choose up to ten additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.

Choose from weekly to annual loan payments and adjust the compounding period from daily through annual periods. The calculator supports Canadian mortgages along with UK annual rest mortgages.

Multiple rounding options on loan calculations are also available. Choose between no rounding, round half up, half down, to even, to ceiling and to floor.

The calculator also supports the input and display of multiple currencies.

Permissions:
- Internet access required for adverts and analytics
- External storage access required to store email attachments prior to sending

Recent changes:
3.5
- VA loans
- Fixed principal payments
- Better interest-only support
- Updated CMHC rates for June 2015

3.4
- Don't show target values as editable when reverse calculating
- Don't allow editing property value if calculating principal
- Reduced app size
- Tested on Lollipop 5.1

3.3.3
- 2015 FHA rate update
- Reduced app size

3.3.2
- Reduced app size
- Minor bug fixes
Add to list
Free
89
4.5
User ratings
5068
Installs
1,000,000+
Concerns
0
File size
966 kb
Screenshots
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About Karl's Mortgage Calculator
Calculate mortgage payments given principal, interest and term. Reverse calculate any one variable given the other three.

Enter a down payment amount or percentage and let the calculator show how large a mortgage you require.

See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance.

The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates. Interest-only mortgages loans are also supported.

You can pay off your mortgage early with extra payments. Add one-off, monthly and annual extra payments. Choose up to ten additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.

Choose from weekly to annual loan payments and adjust the compounding period from daily through annual periods. The calculator supports Canadian mortgages along with UK annual rest mortgages.

Multiple rounding options on loan calculations are also available. Choose between no rounding, round half up, half down, to even, to ceiling and to floor.

The calculator also supports the input and display of multiple currencies.

Permissions:
- Internet access required for adverts and analytics
- External storage access required to store email attachments prior to sending

Recent changes:
3.5
- VA loans
- Fixed principal payments
- Better interest-only support
- Updated CMHC rates for June 2015

3.4
- Don't show target values as editable when reverse calculating
- Don't allow editing property value if calculating principal
- Reduced app size
- Tested on Lollipop 5.1

3.3.3
- 2015 FHA rate update
- Reduced app size

3.3.2
- Reduced app size
- Minor bug fixes

Android Market Comments
A Google User
6 days ago
THX for keeping it Free! Best! Email to my Home Buyers! Extra payments, tables, graphics. IPhone clients always ask how to get this app! SORRY rotten apples.
A Google User
Jul 24, 2015
Awesome, gives all needed information
A Google User
Jul 21, 2015
Works!
A Google User
Jul 17, 2015
Great app Simple but useful. Luv it.. Thanks
A Google User
Jul 11, 2015
Best on of the breed I have been using the web version of this for a long time. Very glad to see the app version.
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