Stephen Chen Apps has released Mortgage/Loan Calculator 1.1, their latest update for , and users. This is a unique, new application, which 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 save and email results, as well as compare a number of different loan options, side by side.
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.
With Mortgage/Loan Calculator, users don’t even have to press a “calculate” button for any of the figuring. The app is intuitive and automatically does the work when numbers are entered in the input fields.
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. They can also 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.
Some of the Mortgage/Loan Calculator features Include:
* Super simple to use, intuitive interface
* Ability to perform What-If scenarios
* Compare loans side by side
* Powerful pre-payment option allows users to see potential savings – monthly, annually, one-time, or adhoc payments
* Immediate calculations – no need to remember to press a “calculate” button
* Save, load, and rename existing loans
* Factor in the cost of homeowners insurance and property tax into monthly payment
* Tax Calculator based on home value – calculate annual property tax based on home price
* Email loan information
To help make decisions easier, the application helps users compare a number of different loans, side by side, to view their options and pick the best one. The data in Mortgage/Loan Calculator can be easily shared with others via email.
Pricing and Availability
Mortgage/Loan Calculator 1.1 is only $0.99 (USD) and available worldwide exclusively through the App Store in the Finance category. Promo codes are available for qualified reviewers. Please specify the website or blog you represent when making your request.