Description

Simple and complete mortgage calculator.
An iTunes "New and Noteworthy" and a "What's Hot" Finance application.

- 40, 30, 20, 15, 10 year fixed mortgages;
- ARM and ARM Interest Only mortgages.
- All other terms from 360 months down to 1 month available.
- Compare 2 mortgages side by side
- Points vs. interest rate comparison - find out whether it is worthwhile to pay additional points to lower your interest rate.
- Refinance calculator - find out how long it takes for refinancing to be worthwhile.
- Includes closing costs and amount due at closing;
- Total monthly costs on the house - include insurance, taxes and other fees.
- Tax Benefits from purchasing - see the before and after tax cost of owning the house. Also, compare buying vs. renting.
- Amortization tables.
- Other payment tables.
- Expected future ARM rates;
- Private Mortgage Insurance;
- Extensive glossary of key terms, tied back to the various screens.


Email results.

Calculate mortgage payments for a loan, or use other screens to calculate total cost of buying a home, plus monthly costs of ownership.

What's New in Version 2.2

On Monthly Payment Table, display when PMI Included, and last month it is paid (based on paying until mortgage is < 78% of house value).