App description: ------------ This calculators helps a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. This calculators can also be used to compare the costs, interest rates, payment schedules, or help determine the change in the length of the mortgage loan by making added principal payments. List of features: 1. Instantly calculates the monthly installments 2. Payment term of the loan can be any of the following a. Monthly b. Weekly c. Fortnightly d. Quarterly e. Semi-Annually f. Annually 3. Calculates total interest payable during the term 4. Calculates total interest as a percent of loan - this feature can be used to determine the prepayment that you want to make to minimize the total interest payment. After all it is your hard earned money 5. Provides the payment schedule for the term selected 6. Payment schedule includes following information a. Period - can be year, month, etc based on Payable frequency b. Installment c. Principal Part d. Interest Part e. Balance - after payment of installment f. Graphical view of Principal vs Interest g. Interest % - of Installment that you are paying. 7. Total for the payment schedule With "Print Friendly" feature. Kindly Note: This app is ad supported.
