This is the Pro version of Karl's Mortgage Calculator. The main improvement over the free version lies in the removal of advertisements.
- Calculate mortgage payments based on principal, interest, and term. Perform reverse calculations to determine any one variable by inputting the remaining three.
- Enter a down payment amount or percentage to determine the necessary mortgage size.
- Explore how your monthly payment varies when adding additional monthly or annual loan costs like PMI, HOA, taxes, and insurance.
- The calculator supports both Fixed and Adjustable Rate Mortgages (ARM) with provisions for up to five interest rate changes. It also accommodates Interest-only mortgages.
- Facilitate early mortgage payoff by making extra payments. Add one-off, monthly, or annual extra payments. Options for up to six additional amounts and payment periods are available to illustrate potential savings on the loan.
- Select from weekly to annual loan payments and modify the compounding period from daily to yearly intervals. Additionally, the calculator caters to Canadian mortgages and UK annual rest mortgages.
- Various rounding options are provided for loan calculations, including no rounding, round half up/down, to even, ceil, and floor.
The calculator also features support for the input and display of multiple currencies.
Overview
Karl's Mortgage Calculator Pro is a Commercial software in the category Business developed by Karl Jeacle.
The latest version of Karl's Mortgage Calculator Pro is 2.5.2, released on 06/18/2024. It was initially added to our database on 06/18/2024.
Karl's Mortgage Calculator Pro runs on the following operating systems: iOS.
Users of Karl's Mortgage Calculator Pro gave it a rating of 5 out of 5 stars.
Pros
- User-friendly interface with easy-to-use features
- Ability to calculate mortgage payments, loan terms, and amortization schedules
- Includes graphs and charts to visually display mortgage information
- Option to compare different mortgage scenarios side by side
- Provides detailed breakdown of principal, interest, and balance over time
Cons
- No integration with financial institutions for real-time rates or account syncing
- May not be as feature-rich as other mortgage calculators on the market
- No mobile app availability, limited to desktop use only
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