Table Of Contents
Latest update [menu]
v1.3.1
Version with no ads. Improved interface in devices with Android 2.
v1.2.4
APP is installed in SD card if it's available
v1.2.1
Months limited to 11.
Petition messages best clarified.
v1.2
You can add years and months.
The annual interest earned by the approximate formula is shown now.
Corrections in the translation to English.
The amout of amortization is shown in the amortization table.
Fixed a bug in the application sharing feature.
v1.1.1
Changed font type in amortization tables
Description [menu]
Calculate mortgage or loan payments and amortization table using both: the exact formula and the approximate formula used by some banks.
Compound interest is the only interest rate used in serious finances. It allows to compare products and to create competition. However, public mortgage quotas are calculated using an approximated formula (a mix between compound and simple interest). Apart from creating confusion, this makes mortgage interest rates to grow even greater when interest rates rise (as the approximation error gets larger).
In the old times, using the exact formula could be complex but, nowadays, even the phone on our pocket can calculate it. There is no excuse to continue using the approximated formula.
We are promoting a petition requesting to change the law to force the use of the formula applying the effective annual interest rate (the universal interest rate unit). Please, sign the petition at:
http://www.avaaz.org/en/petition/Bankers_and_lawmakers_Use_the_correct_formula_in_mortgages
How to install Mortgage calculator APK for Android [menu]
Download Mortgage calculator APK file (com.arjonasoftware.mortgagecalculator_14_1942723.apk) from SameAPK.com, then follow these steps:
Update Phone Settings
- Go to your phone Settings page
- Tap Security or Applications (varies with device)
- Check the Unknown Sources box
- Confirm with OK
Go to Downloads
- Open Downloads on your device by going to My Files or Files
- Tap the APK file you downloaded (com.arjonasoftware.mortgagecalculator_14_1942723.apk)
- Tap Install when prompted, the APK file you downloaded will be installed on your device.
How to install Mortgage calculator APK on Windows 7/8/10 or MAC PC? [menu]
Download Mortgage calculator APK file(com.arjonasoftware.mortgagecalculator_14_1942723.apk) from SameAPK.com to your PC (ex: /Users/xxx/Downloads/(com.arjonasoftware.mortgagecalculator_14_1942723.apk)), then follow these steps:
Using Emulator:
- Download And Install one Emulator Softwares (Ex: Bluestacks, GenyMotion, NoxPlayer)
- Simple install APK on PC by drag and drop file com.arjonasoftware.mortgagecalculator_14_1942723.apk on Emulator screen
Mortgage calculator APK Pros & Cons [menu]
Pros
- This app is safe, it's not require high risk permissions
- Compatible with 32 bit device (most Emulator using 32bit arch CPU)
- Compatible with 64-bit device (some android device and current Bluestacks)
Cons
Everything is good.
