Calculator for Mortgage - Mortgage Calculator Apk
Apk Infos
| Version | 1.2 |
| Rating | 5.0/5, based on 1 votes |
| Size | 2.3 MB |
| Requires Android | Android 5.0+ (Lollipop) |
| Author's Notes | Here we represent the wonderful Mortgage Calculator app. |
About Calculator for Mortgage - Mortgage Calculator APK
Table Of Contents
Description
Here we represent the wonderful Mortgage Calculator app. Want to figure out how much your total mortgagethe principal will be?? then this app is the one for you.
A mortgage is nothing more than a debt instrument with a lien on the property being mortgaged, and a mortgage
payments are calculated as payments in an ordinary annuity.
Use our mortgage calculator to estimate your mortgage principal by given down payment, interest, and term.
You can use the mortgage calculator to calculate house mortgage, auto loans, or other types of loans.
The mortgage calculator can be used like any loan calculator.
The formula for calculating the mortgage amount:~
Formula : M = P[r(1+r)^n/((1+r)^n)-1)]
M = the total monthly mortgage payment.
P = the principal loan amount.
r = your monthly interest rate. Lenders provide you an annual rate so you’ll need to divide that figure by 12 (the
number of months in a year) to get the monthly rate. If your interest rate is 5%, your monthly rate would be
0.004167 (0.05/12=0.004167)
n = number of payments over the loan’s lifetime. Multiply the number of years in your loan term by 12 (the
number of months in a year) to get the number of payments for your loan. For example, a 30-year fixed
mortgage would have 360 payments (30x12=360)
KEY FEATURES:~
● helps to calculate the total mortgage payment in just a few seconds
● The only parameters which you have to enter are :
1. payment amount i.e; monthly down payment amount of the mortgage loan
2. rate of interest i.e; the yearly interest rate of the mortgage loan
3. compounding frequency i.e; the
frequency or number of times per year
that interest is compounded in the loan
4. periods until maturity i.e; the total number
of years till the mortgage tenure ends
All you need to do is provide the monthly down payment value,rate of interest per year, the compounding
frequency and number of periods..only these four variables to generate your mortgage principal in just seconds.
This app is completely free of cost and does not require any personal information.
Monthly Payment Calculator is developed by PH Solution.
Download this app now!!!
How to install Calculator for Mortgage - Mortgage Calculator APK on Android phone or tablet?
Download Calculator for Mortgage - Mortgage Calculator APK file from ApkClean, then follow these steps:
Update Phone Settings
- Go to your phone Settings page
- Tap Security or Applications (varies with device)
- Check the Unknown Sources box
- Confirm with OK
Go to Downloads
- Open Downloads on your device by going to My Files or Files
- Tap the APK file you downloaded (com.calculator.mortgage_calculator-v1.2-ApkClean.apk)
- Tap Install when prompted, the APK file you downloaded will be installed on your device.
Older Versions
| 1.2 (3) | 2.3 MB |
Questions & Answers
Q: What is an APK File?
A: Just like Windows (PC) systems use an .exe file for installing software, Android does the same. An APK file is the file format used for installing software on the Android operating system.
Q: If I install an APK from this website, will I be able to update the app from the Play Store?
A: Yes, absolutely. The Play Store installs APKs it downloads from Google's servers, and sideloading from a site like ApkClean.net goes through a very similar process, except you're the one performing the downloading and initiating the installation (sideloading).
As soon as the Play Store finds a version of the app newer than the one you've sideloaded, it will commence an update.
Q: Why ApkClean.net can guarantee APK 100% safe?
A: Whenever someone wants to download an APK file from ApkClean.net, we'll check the corresponding APK file on Google Play and allow user download it directly (of course, we'll cache it on our server). If the APK file does not exist on Google Play, we'll search it in our cache.
Q: What are Android App permissions?
A: Apps require access to certain systems within your device. When you install an application, you are notified of all of the permissions required to run that application.
Don't hesitate to contact us if you have any questions or concerns.
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