Mortgage & Bank Interest Calculator by Alternative Apps (Universal)
(2)
Released: Mar 28, 2011
Version: 3.2
Size: 6 MB
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Ranking - Finance (iPhone)

Ranking - Finance (iPad)

Mortgage & Bank Interest Calculator

Alternative Apps
[ This app is no longer available for download ]

Mortgage & Bank Interest Calculator allows to calculate the mortgage simulation with its amortization schedule and the interest at fixed rate also with interest capitalization usually the interest gained by bank.

Mortgage section allows three different type of calculations:
- you can calculate the mortgage payment given: principal, interest rate, payment frequency and mortgage length
- you can calculate the maximum borrowing given: a desired payment, interest rate, payment frequency and the mortgage length. With this function you can answer to questions like: How much money can I ask if I want pay $500.00 monthly for 10 years with an interest rate of 4%?
- you can calculate the mortgage lengh given: principal, desired payment, payment frequency and the interest rate. With this function you can answer to questions like: How may years should I pay if I would ask for $50,000.00 and I will pay $1,000.00 monthly with an interest rate of 4.60%?
Once one of the above type of calculation is done you can see the amortization schedule or compare the calculated payment with payments for different length.

After calculation, results can be sent via email as export with csv format for Numbers, Excel or simply copied to clipboard, only main informations, for a different use.

App is very simple to use since it is created with Apple style and usability.

★★★ This app is the international version of Calcolo Interessi (Interest Calculator) classified in the Top Paid App in the category finance both for iPhone and iPad in Italy for usability and usefulness.

App doesn't need internet connection
.

For any question o suggestion please email us to alternativeapps@gmail.com or use the support link in the App Store.

User must always verify results.

What's new in version 3.2
- Minor bug fixing
Our verdict: Meh!
  • Mortgage & Bank Interest Calculator is a poorly rated app (1.5-star).
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