This application calculates the monthly mortgage payment based on the loan amount, term and interest rate. It can handle additional inputs like extra monthly payments and other monthly/annual expenses. It will also show the amortization schedule and has a payment summary page. It also has pie chart that will show the total payments and bar charts that will show the principal remaining and the cumulative interest during the course of the loan term. It has several options for compounding period, payment frequency for calculations. Users can email the payment summary, amortization schedule and can export to an excel file. The app has built in help. Though the user interface text is English only the numbers, date and currency formats are displayed using the current region. The app displays current mortgage rates across US.
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