If you are looking to buy a house, thinking of re-mortgaging or simply want to see how much it will cost you by trying out different scenarios then our Mortgage Calculator is the perfect companion for you.
Do you know how much you are borrowing or do you know the house price and know how much you can put down as deposit. No worries, our app will give you three options to choose from which will make it easy to calculate your mortgage. With a range of overpayment options to see how quickly you can pay off your mortgage is one unique feature of this app. Try out different scenarios and see for yourself.
First thing you would like to know is how much is your Monthly Mortgage Payment. Right...? This will be displayed in red colour on the top along with other useful information. The app will show you break down by year and month to see exactly how much principle and interest you are paying.
Where do you live…? No problem, our app covers the whole world. It will pick up your local currency and other settings.
FEATURES
* Choose from three options in the settings
1- I know how much I am borrowing
2- I know house price and deposit percentage
3- I know house price and deposit amount
* This app uses settings for currency and supports all currencies. e.g. £,$,€ etc.
* Remember your last calculation values
* Repayment or Interest Only Mortgage
* Enter Mortgage term in exact no of years and months
* See how much you can save by making Overpayments
* Overpayment frequency (Monthly, Quarterly, Bi-Annually, Annually)
* One off Overpayment
* Yearly Breakdown of your Mortgage including principle, interest paid, Amount Owed, Equity Owned, Amount Owed after Overpayments and Equity Owned after Overpayments
* Monthly Breakdown of your Mortgage including principle, interest paid, Amount Owed, Equity Owned, Amount Owed after Overpayments and Equity Owned after Overpayments
* Graph representation of Mortgage burn down
* Graph also compares mortgage with overpayments
* Enter mortgage arrangement fee if any
* Email your Mortgage Result for later use
* Easy and simple to understand user interface
* Also available for Mac OS X
Thanks everyone for your feedback. For any comments or feedback please write to us at
[email protected].
