iPMT Mortgage Calculator 1.6
the author of this app says:
:: INTRODUCING iPMT :: A powerful mortgage calculator everywhere you go. iPMT features Conventional, FHA and VA loan calculations! See our website www.appformation.com for videos of iPMT in action.
As promised iPMT is updated to reflect industry changes as they occur. Version 1.6 updates FHA to the MIP changes effective April 18th, 2011. For previous case number assignments you have the option to toggle between the previous MIP rates (touch the options button to see these features).
iPMT is the only mortgage calculator in the App Store to feature multiple loan programs. YOU GET ALL THREE LOAN PROGRAMS IN ONE APP - Conventional, FHA and VA! iPMT also automatically calculates PMI, MIP and Funding Fees as applicable.
:: WHY iPMT? ::
With record low interest rates, lower overall home prices and tax credits, people more than ever need to know accurate mortgage payments to make an informed decision.
iPMT is a powerful mortgage calculator that allows users to calculate mortgage payments with precise accuracy. Specifically geared toward purchasing a home, iPMT is designed with the mortgage and real estate professional in mind. Although iPMT is the perfect companion for the mortgage and real estate professional, consumers can easily calculate payments as well. Packed with features, here are just a few highlights:
The only mortgage calculator in the App Store to feature multiple loan programs. You get all three loan programs in one app - Conventional, FHA and VA!
NEW! Custom Conventional modes to better calculate various loan types (USDA loans, Canadian loans, etc.).
iPMT is designed to calculate precise payments when purchasing a home. Whether you are a mortgage/real estate professional accurate payment calculations are a must.
Automatically Adjusts PMI, MIP and Funding fees as the LTV and/or the Term changes!
Email the results on any loan type with our new email feature.
Our built in amortization calculator provides even more in depth calculations!
Stay up to date. iPMT is current with agency guidelines (maximum loan to value, mortgage insurance amounts, funding fee requirements, etc.). When industry changes occur, iPMT will be updated!
iPMT monitors loan limits and allows you to specify high-cost areas and displays a warning if a loan limit is exceeded.
Validates the down payment on all loan types and will display a warning if incorrect.
Adjust taxes, insurance and HOA dues for even more precise payments.
iPMT includes a tax rate search.
iPMT remembers everything! If you're interrupted by a phone call during a calculation, simply launch iPMT again and it will remember exactly where you left off.
What's New in version 1.6
- As promised iPMT is updated to reflect industry changes as they occur. Version 1.6 updates FHA to the MIP changes effective April 18th, 2011. For previous case number assignments you have the option to toggle between the previous MIP rates (touch the options button to see these features).
- Revised method for inputting the loan amount for better refinance support. You can now enter the loan amount directly or still select by a percentage or dollar amount.
- APR calculations included in the email feature. See the help screen for details about the APR calculation.
- Minor design tweaks to the interface and an updated icon to support retina display for the iPhone 4.
- Minor bug fixes.
- Requires iOS 3.0 or later