Morgulator+ is a handy mortgage payment and amortization calculator featuring both standard and Canadian calculations.
Calculates monthly payments
Calculates accelerated biweekly payments
Calculates interest only payments
Includes monthly extras such extra principal, taxes, insurance, and other costs
Canadian mode supports biannual interest compounding
Compares two mortgages and their costs
Compares current and new mortgage for break even point, including points and fees
Compares amortization schedules for two mortgages
* Emails mortgage summary
Keyboard entry plus slider for fast loan amount entry (for non-exact amounts)
Remembers last data entered and calculated for next time used
Morgulator+ is a useful, user friendly application for quickly computing mortgage payments, comparing loan packages, viewing amortization schedules, and emailing summary results to yourself and others. Morgulator+ is an indispensable tool for quickly assessing the impact of changing interest rates, terms, and loan amounts.
Note on biweekly payments -
Biweekly payments are calculated as 1/2 the monthly payment amount. This is known as an accelerated biweekly payment. By making 26 biweekly payments per year you are making the equivalent of 13 monthly payments each year. Your mortgage may be repaid much faster than by making 12 monthly payments per year. For more information, check out www.dinkytown.net.
Requires iOS 4.3 or later. Compatible with iPhone, iPad, and iPod touch.
Morgulator+ is a free trial software application from the Accounting & Finance subcategory, part of the Business category.
The app is currently available in English and it was last updated on 2009-03-30. The program can be installed on iOS.
Morgulator+ (version 1.4) has a file size of 419.43 KB and is available for download from our website.
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