Karl's Mortgage Calculator

Karl's Mortgage Calculator


(5 stars)


Download for Android Like

1,000,000 - 5,000,000 downloads

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Calculate mortgage payments given principal, interest and term. Reverse calculate any one variable given the other three.

Enter a down payment amount or percentage and let the calculator show how large a mortgage you require.

See how the monthly payment changes when you factor in additional monthly or annual loan costs such as PMI, HOA, taxes and insurance.

The calculator supports Fixed and Adjustable Rate Mortgages (ARM) loans with up to five changes in interest rates. Interest-only mortgages loans are also supported.

You can pay off your mortgage early with extra payments. Add one-off, monthly and annual extra payments. Choose up to ten additional extra payment amounts and payment periods and the calculator will show how much money you can save on the loan.

Choose from weekly to annual loan payments and adjust the compounding period from daily through annual periods. The calculator supports Canadian mortgages along with UK annual rest mortgages.

Multiple rounding options on loan calculations are also available. Choose between no rounding, round half up, half down, to even, to ceiling and to floor.

The calculator also supports the input and display of multiple currencies.

- Internet access required for adverts and analytics
- External storage access required to store email attachments prior to sending

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Recently changed in this version

- VA loans
- Fixed principal payments
- Better interest-only support
- Updated CMHC rates for June 2015

- Don't show target values as editable when reverse calculating
- Don't allow editing property value if calculating principal
- Reduced app size
- Tested on Lollipop 5.1

- 2015 FHA rate update
- Reduced app size

- Reduced app size
- Minor bug fixes

Comments and ratings for Karl's Mortgage Calculator
  • (72 stars)

    by shailesh shedbale on 28/05/2015

    It's good but can not calculate interest only mortgages

  • (72 stars)

    by John Davis on 24/05/2015

    Great app!

  • (72 stars)

    by Mia Camper-Santiago on 23/05/2015

    Very simple and helpful

  • (72 stars)

    by Christopher Zabala on 23/05/2015

    This application is by far the best one out there for this purpose. Very well done, ads are very reasonable...

  • (72 stars)

    by JC ROA on 17/05/2015

    Wow, I am impressed with this app, Highly recommend prior to purchase or get a loan

  • (72 stars)

    by Wahid Fayod on 17/05/2015

    I tried it on my own mortgage gave me the exact weekly payments!

  • (72 stars)

    by Rizza Reyes on 13/05/2015

    Love this app!

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