RECalc Pro app for iPhone and iPad
RECalc is a Real Estate Mortgage Loan Calculator that is also a traditional Mathematical Calculator.
You can use RECalc to calculate the Monthly Payment, Term, Interest Rate or Loan Amount for a loan, as well as standard mathematical calculations as you would in any other calculator. Once you modify any of the Calculation variables you can re-calculate any of the other values. You can also figure in Annual Property Tax, Homeowners Insurance and Mortgage Insurance, as well as a Down Payment amount/percentage.
RECalc supports semi-annual compounding (Canadian Amortization) in addition to normal monthly compounding. With a click, you can display the complete Loan Summary and Amortization Table for your calculation. You can also email this to your desktop or save the loan for future use.
Whether youre a real estate professional, mortgage broker, first time home buyer or looking to refinance, you can have RECalc easily accessible on your iPhone or iPod touch.
Latest reviews of RECalc Pro app for iPhone and iPad
Very practical idea to combine a traditional calc with finance calc together. However, "+", "-", "x" and "/" never work properly. 2+5-3= - 6, 5x2-4= - 1,....., 3x3+4=10 and so on, why? Fix it, please. I give 2 star for the "IDEA" but not for the App.
Love it... Replaced my mortgage calculator.
Havent had a chance to really use it a lot as I just downloaded and did some basic calculations. As a mortgage loan officer, I sometimes find myself without my HP finance calculator and receive that phone call from my realtor asking me to calculate how much a payment would be for a potential client. I always have my phone and thought it would be nice to have a simple but effective finance calculator. I also like that it is a basic calculator too so you dont have to flip back and forth between this app and the orginal calc app that came with the phone like some of the other specific mortgage apps out there. **To Developer** Can you please add an easy way to calculate interest only payments and maybe a way to email the amortization table? And if the email of the amortization table is possible, to list what the criteria is of that table. Like what the interest rate is, etc.
By far the best app for real estate mortgage payments. I bought 3 other apps which take far too many steps to get to the mortgage payment. I use it daily. Its quick and it sits on page one next to my email app. It is my most used application. Buy it !!!
If you are in the mortgage industry this app is a must have. Its actual calculator not a web based application.