Loaner | Mortgage calculator 3.4.0
Free Version
Publisher Description
Loaner | Mortgage calculator - Mortage loan + affordability + repayment calculator
💪 LOANER is the new kid on the block of mortgage calculators
has 4 tabs:
» SETTINGS | set your budget and add your loan's main terms
» EXPENSES | review/change initial expenses/closing costs/fees
» LOAN | review the final loan amount, monthly payment and all key points
» STATS | check your amortization schedule, set different interest rate per year, make extra payments, watch your monthly payments on a graph
This mortgage calculator mostly needs 4 things :
» value of the property you wish to purchase
» your annual income
» your total cash savings amount
» adjust some sliders
And gives you answers on:
» What is the total loan amount I would need to buy that property?
» Is it gonna get approved by the lender? 🤑
» How much is the total interest i would pay?
» What is the amount of monthly payment ?
» How much do I really stand to pay for?
» What is the maximum loan amount that can be approved?
» What happens when the interest rate is not fixed?
» What will happen if rates rise?
» How much do extra payments reduce my monthly payment?
» What are the closing costs and how do they affect my payment/loan-total?
» What is better, many years/low-payment or less years/high-payment?
» What is the total amount of down payment i would need to pay?
» What is the percent/amount of paid/remaining principal/interest for each year?
» What is the total monthly payment including insurance and taxes?
Is it all about just having enough cash for the down payment? 💰
Getting a mortgage isn’t free. Before you get those house keys, you’ll need to sign loan documents and paperwork that transfers homeownership from the seller to you. Throughout your home purchase, third parties, as well as your lender, have performed services. Closing costs are fees these professionals charge for these services to finalize the real estate transaction and your home loan.
How Much Are Closing Costs ?
Closing costs typically range from 2% to 5% of the property’s purchase price. Thus, if you buy a $200,000 house, your closing costs could range from $4,000 to $10,000. Closing fees vary depending on your state, loan type, and mortgage lender, so it’s important to pay close attention to these fees.
ℹ️ If you disable all closing costs then typically the savings input field acts like a down payment amount field.
Happy mortgaging! 😀
About Loaner | Mortgage calculator
Loaner | Mortgage calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Loaner | Mortgage calculator is Yiannis Savvakis. The latest version released by its developer is 3.4.0.
To install Loaner | Mortgage calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2021-01-30 and was downloaded 1 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Loaner | Mortgage calculator as malware as malware if the download link to com.savvakis.loaner is broken.
How to install Loaner | Mortgage calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Loaner | Mortgage calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Loaner | Mortgage calculator will be shown. Click on Accept to continue the process.
- Loaner | Mortgage calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
