Mortgage/Loan Calculator 1.1 the latest update for iPhone, iPod touch and iPads is out Mortgage/Loan Calculator is a new application on the market that offers more flexibility than the other similar apps being offered. This one boasts incredible ease of use coupled with powerful tools for homeowners.
This new application offers incredibly easy to use features that include auto calculating of figures to determine savings of different loan, duration and payment scenarios, factoring in property tax and homeowner's insurance for a complete, comprehensive picture.
Users are also able to email and save results, as well as compare a number of different loan options, side by side.
The app is intuitive and automatically does the work when numbers are entered in the input fields, users don't even have to press a "calculate" button for any of the figuring.
Users are able to very quickly and easily try a number of different scenarios with this application, to determine the impact on their mortgage of making pre-payments or extra ad-hoc payments.
Also they can adjust loan duration periods and monthly payments to see what the financial outcome would be. Homeowners can then plan their loan strategies better by knowing how many extra payments would pay off their mortgage within a desired amount of time.
Or at least they know how much total interest they are paying over the life of the loan, or how much they could save by paying it off early.
To ensure that the figures are accurately comprehensive, the app allows users to factor in their property taxes and insurance to get a truly complete picture of their mortgage costs.
Mortgage/Loan Calculator 1.1 is available worldwide exclusively through the App Store in the Finance category.
