- Category: Finance
- Released date: 06/04/2010
- Current Version: 2.1
- Seller: Eamonn and Ian llc
- Recommended Age: 4+
- Download Size: 1193803
- Last Update: 07/22/2011
- Requirements: All
Simple and complete mortgage calculator.
An iTunes "New and Noteworthy" and a "What's Hot" Finance application.
- 40, 30, 20, 15, 10 year fixed mortgages;
- ARM and ARM Interest Only mortgages.
- All other terms from 360 months down to 1 month available.
- Compare 2 mortgages side by side
- Points vs. interest rate comparison - find out whether it is worthwhile to pay additional points to lower your interest rate.
- Refinance calculator - find out how long it takes for refinancing to be worthwhile.
- Includes closing costs and amount due at closing;
- Total monthly costs on the house - include insurance, taxes and other fees.
- Tax Benefits from purchasing - see the before and after tax cost of owning the house. Also, compare buying vs. renting.
- Amortization tables.
- Other payment tables.
- Expected future ARM rates;
- Private Mortgage Insurance;
- Extensive glossary of key terms, tied back to the various screens.
Calculate mortgage payments for a loan, or use other screens to calculate total cost of buying a home, plus monthly costs of ownership.