Mortgage Calculator for Pros1.1.10 - Google Play

Mortgage calculator for loan officers & real estate agents. Insanely easy to use. Enter Loan Amount, Interest Rate, Number of Months, and hit "Payment" for instant result. Quickly compare savings with an alternate scenario and share by email or text. Calculates car/auto loans too! (Also fully functional basic calculator.)

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Example #1 -- What will my monthly payment be?
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Calculate monthly payment for $120,000 loan, 4% interest, 30 years (360 months):

√ Enter 120000. Click "Loan Amount".
√ Enter 4. Click "Interest Rate %".
√ Enter 360. Click "Term Months".
√ Click "Payment" to calculate monthly payment.

Result shows $572.90 per month.

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Example #2 -- How fast will I pay off my loan?
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I owe $140,000 and my interest rate is 4.25%. I am paying $1000 per month.
How long until it's paid in full?

√ Enter 140000. Click "Loan Amount".
√ Enter 4.25. Click "Interest Rate %".
√ Enter 1000. Click "Payment".
√ Click "Term" to calculate how long it will take to pay in full.

Result shows 16 years and 2 months.

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Example #3 -- How big of a loan can I afford?
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The bank's interest rate on a 20-year loan is 3.75%, and I can afford $1250 per month.
How big of a loan can I get?

√ Enter 240. Click "Term".
√ Enter 3.75. Click "Interest Rate %".
√ Enter 1250. Click "Payment".
√ Click "Loan Amount" to calculate the loan I can get.

Result shows 210,832.29.

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Example #4 -- Calculate the current interest rate on a loan.
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I know I pay $960 per month and that I have been in my 30-year loan for about 4 years.
My loan balance is about $132000.

√ I have about 26 years left on the loan. How many months is that?:
√ Enter 26. Click "*" (multiply). Enter 12. Click "=" (equals).
√ Result shows 312. Click "Term Months" to input that as months remaining.
√ Type 960. Click "Payment".
√ Type 132000. Click "Loan Amount".
√ Click "Interest Rate %" to calculate the interest rate.

Result shows 7.4675%.

All the functionality of a real pocket mortgage calculator:
Enter any 3 loan terms (Loan Amount, Interest Rate, Number of Months, and Payment), and instantly calculate the 4th.

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