Editor Reviews

Karl's Mortgage Calculator Pro is essentially an upgraded version of the free calculator. The main difference is the absence of irritating advertisements. This tool allows users to easily calculate mortgage payments by inputting the principal, interest, and term. Additionally, users can manipulate the variables to determine any missing information if three are already known.

This calculator is very useful as it allows you to input either a down payment amount or percentage, and then it calculates the size of the mortgage you will need. Additionally, you can also determine how your monthly payment will be affected by including additional costs such as PMI, HOA fees, taxes, and insurance.

The calculator is capable of processing various types of mortgages, including Fixed and Adjustable Rate Mortgages (ARM), and allows for interest rate adjustments up to five times. It also accommodates interest-only mortgages. To accelerate your mortgage repayment, you have the flexibility to make extra payments at any time - whether as a lump sum, monthly, or annually. Additionally, you can select up to six different additional payment amounts and frequencies. The calculator will then provide an estimate of the potential savings on your loan.

In addition, this amazing calculator allows you to customize your loan payments and compounding periods. You can choose to make payments weekly, monthly, or annually, and adjust how often your interest is compounded - whether it be daily, monthly, or yearly. It also provides support for Canadian mortgages and UK annual rest mortgages. Additionally, there are various options available for rounding off loan calculations - including no rounding, rounding up or down, rounding to the nearest even number, rounding up to the next whole number, or rounding down to the previous whole number. And the best part is that it offers the flexibility to work with different currencies as well!

Features

Advanced Mortgage Calculator with Graphs and Charts