Many thanks to the Professor from the North for sharing this tool "back in the day" when apps where first invented!!! Not only have I used it in my professional career of retirement planning, but I have purchased over 50 properties using this simple calculator!
Fantastic free app, did exactly what I needed it to do when trying to figure out if I could afford mortgage payments. Not only does it give you your mortgage payment but also graphs your mortgage over the term. I cannot recommend this app enough!
Best mtg calculator around, I've tried a number of different brands just to compare and always delete them as their nowhere near as fantastic as this app. You can add fixed rates and interest rate changes throughout the loan term, extra repayments, insurance payments, lump sum pmts....it's awesome
I love that you can enter property taxes and insurance as dollar figures. If you could calculate MI too that would make this a perfect app. It would need to add the up front MI that stacks on loan amount and the monthy MI added to the monthly payment. Might be easiest to add a loan type feature so it could automatically do this.
Used this app regularly and found it really helpful, just changed to a new handset and downloaded it but now all the results just return the word "NaN", I've tried redownloading but it still happens, anyway to fix this please?
Be great if the extra payments can be broken up into weeks? Or fortnightly? Thats about all id add to it.
- Fix crash if show year number and show payment number
Canadian Mortgage App - Home and Loan Calculator w Rates, Land Transfer and CMHC
EMI Calculator / Loan Calculator / Mortgage Calculator / Home Loan Eligibility