What is Reddit's opinion of Mortgage Calculator?

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I wrote an android app that did the basic mortgage calculation plus the additional calculations like PMI, property tax, utilities etc to give a complete picture of total monthly cost. You can also indicate any additional payments on monthly, one time , semi annual basis to pay off the mortgage faster. The Calculator will estimate how much you can save on interest and how much faster you can pay off the mortgage.

I have not added a home affordability calculator, but you can do reverse calculations to get an idea. For e.g if you determine that $1500 is your monthly maximum that you can afford, then you can get the price of the house you can afford.

You can also add a inflation factor to indicate how these prices (property tax, utilities, HOA) increase over the years.

If you want to buy a house and rent out to generate income, then there is an additional calculator that will let you do some basic financial analysis like return on investment, break even point, Net present value etc.

For Canada, the calculator will also estimate land transfer taxes, CMHC mortgage insurance, minimum required down payment and closing costs.

You can find my calculator at google store

https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage

Let me know what you think.

I wrote an android app that did the basic mortgage calculation plus the additional calculations like PMI, property tax, utilities etc to give a complete picture of total monthly cost. You can also indicate any additional payments on monthly, one time , semi annual basis to pay off the mortgage faster. The Calculator will estimate how much you can save on interest and how much faster you can pay off the mortgage.

You can also add a inflation factor to indicate how these prices (property tax, utilities, HOA) increase over the years.

If you want to buy a house and rent out to generate income, then there is an additional calculator that will let you do some basic financial analysis like return on investment, break even point, Net present value etc.

For Canada, the calculator will also estimate land transfer taxes, CMHC mortgage insurance, minimum required down payment and closing costs.

You can find my calculator at google store

https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage

Let me know what you think.

I have written a mortgage calculator for android but it currently does not handle the issue you mentioned above. But it looks like a good feature (mortgage qualifier) to add to my tool https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage

You can use my mortgage calculator app for android to get a feel for how mortgages work. Basically mortgage is money that a financial institution such as a Bank will lend you to purchase a home. Let say you want to purchase a house that has a purchase price of $500K. Let say you have saved $50K for purchasing the house. So you would go to a Bank and get a mortgage for the remaining $450K. This will allow you to purchase the house. The bank will charge you an interest rate and let you pay back the money over a period of time (from 15 years to 30 years) . If you punch in all this figures (property price, down payment amount, interest rate and term length) the calculator will tell your periodic payments. There is lot more to mortgages and reading a good book would help. My calculator can help you understand more about how mortgages work by quick trying out different scenarios. I also include other things like home insurance cost, mortgage insurance, utilities and maintenance, closing costs, different payment period such as monthly , bi-weekly, etc. These also a basic real estate investment calculator (in case you are looking to purchase an property for investment purpose).
You can get it for free on android play store at Mortgage Calculator - Android Apps on Google Play (https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage)

You can use my mortgage calculator app for android to get a feel for how much mortgage / house price you can afford. Personally, I would payoff the mortgage loan and buy the house out right. If you needed the money our can always take out a HLOC, although I would not advise one. There are other costs involved in purchasing and carrying a house. My calculator will tell you the total cost of owing a home including mortgage, homeowners insurance, Utilities, maintenance, mortgage insurance (if applicable). You can also model one time closing costs like lawyer fees, appraisals, taxes, land transfer taxes etc.
you can also try out different scenarios such as varying your interest rate or down payments etc.

You can get it for free on android play store at Mortgage Calculator - Android Apps on Google Play (https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage)

You can use my mortgage calculator app for android to get a feel for how much you can afford. Besides the mortgage payment cost, you can model things like insurance cost, utilities, PMI, closing costs, selling cost to get a complete picture of home ownership. I hope its of help.

You can get it for free on android play store at Mortgage Calculator - Android Apps on Google Play (https://play.google.com/store/apps/details?id=com.sanscloud.finance.mortgage)