You are using an outdated browser. Please upgrade your browser to improve your experience.
FIVEPAISASES

AmortizationMortageCalc is a financial tool used to estimate the monthly payments on a mortgage loan

AmortizationMortageCalc is a financial tool used to estimate the monthly payments on a mortgage loan

FIVEPAISASES

by Sherif Labib
FIVEPAISASES
FIVEPAISASES
FIVEPAISASES

What is it about?

AmortizationMortageCalc is a financial tool used to estimate the monthly payments on a mortgage loan. It takes into account various factors such as the loan amount, interest rate, loan term (duration), and sometimes additional costs like property taxes and insurance. The calculator provides borrowers with an approximation of what their monthly mortgage payments will be, which helps them plan their finances accordingly.

FIVEPAISASES

App Details

Version
2.0
Rating
NA
Size
18Mb
Genre
Utilities
Last updated
May 7, 2024
Release date
May 6, 2024
More info

App Screenshots

FIVEPAISASES screenshot-0
FIVEPAISASES screenshot-1
FIVEPAISASES screenshot-2
FIVEPAISASES screenshot-3
FIVEPAISASES screenshot-4
FIVEPAISASES screenshot-5

App Store Description

AmortizationMortageCalc is a financial tool used to estimate the monthly payments on a mortgage loan. It takes into account various factors such as the loan amount, interest rate, loan term (duration), and sometimes additional costs like property taxes and insurance. The calculator provides borrowers with an approximation of what their monthly mortgage payments will be, which helps them plan their finances accordingly.

Here's how this typically works:

1. Loan Amount: This is the total amount of money borrowed from the lender to purchase a property. It's often the sale price of the home minus the down payment.

2. Interest Rate: The interest rate is the percentage charged by the lender for borrowing the money. It's a key factor in determining the monthly mortgage payment. Interest rates can vary based on factors such as credit score, market conditions, and the type of loan.

3. Loan Term: The loan term is the duration over which the loan will be repaid. Common loan terms are 15, 20, or 30 years.

4. Additional Costs: Some mortgage calculators also allow users to input additional costs such as property taxes, homeowners insurance, and private mortgage insurance (PMI). These costs can vary depending on the location of the property and other factors.

5. Calculation: Once the user inputs the necessary information, the mortgage calculator uses a mathematical formula to compute the monthly mortgage payment. The formula typically involves the loan amount, interest rate, and loan term. If additional costs are included, they are also factored into the calculation.

Share your thought about this app is how much helpful and suggest your more ideas in app review that help to future app updates thanks.

Disclaimer:
AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.