A free app for Android, by David Deng.
What is Simple Mortgage Calculator?
Mortgage Calculator is a free, convenient, and simple mortgage calculator app that can calculate Canadian home loans. It helps you calculate the home loan payment for your specific situation and answer all of your questions regarding the process, including what you need to do and how much you need to pay.
How does it work?
This mortgage calculator uses the same principle as a standard calculator. You enter the values for the four factors and the app will calculate the payment for the home loan you are considering. It is very simple and easy to use. You just need to select the payment frequency (monthly or annually), the interest rate, the value of the house, the down payment, and the number of years you are borrowing. The application also has an option to calculate the payment for a fixed-rate mortgage. This is useful if you are looking to buy a home and are unsure of the rate. It also helps you calculate the amount of the monthly mortgage payment, which is useful if you are looking to buy a home and are unsure of the rate.
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