Do you wonder how much house you can "reasonably" afford?
Do you want to see how rising interest rates will impact your monthly payment?
Do you want to compare the cost of renting versus buying?
Is it true that you can save by making biweekly payments?
How about interest-only or other compound types?
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Mortgage Calculator calculates the principal and interest amount required to pay off a loan at a specified interest rate and period of time such as a real estate loan. Different interest compounded types are supported. By introducing extra fields (such as tax, insurance etc.), it is easy to know if you are qualified for a loan.
It also allows you to change one of the three parameters (Interest Rate, Principal or amortization year) by a specified gradual step, and calculate 10 values, which explains how the change can affect your overall payment.
Replace your HP12C financial calculator with this fantastic tool on Blackberry. Download and try it absolutely free today.
The Mortgage Calculator is designed for Blackberry 7xxx/8xxx with Application Version 4.0 or later. If you have an earlier version of Blackberry system software, you can download the latest one from your carriers web site
