Mortgage Payment Calculator
App details
About Mortgage Payment Calculator
This application calculates the monthly mortgage payment based on the loan amount, term and interest rate. It can handle additional inputs like extra monthly payments and other monthly/annual expenses. It will also show the amortization schedule and has a payment summary page. It also has pie chart that will show the total payments and bar charts that will show the principal remaining and the cumulative interest during the course of the loan term. It has several options for compounding period, payment frequency for calculations. Users can email the payment summary, amortization schedule and can export to an excel file. The app has built in help. Though the user interface text is English only the numbers, date and currency formats are displayed using the current region. The app displays current mortgage rates across US.
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Key features
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Calculates monthly mortgage payment
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Can handle different compounding periods other than monthly
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Provides amortization schedule
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Computes savings in interest payment based on extra payments monthly and other periods as well
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Displays the various payment data in easy to understand graphs
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Has the ability to email the summary and schedule to self or anyone
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Provides daily interest rates from zillow
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Users can export the amortization schedule to an excel file