Mortgage Payment Calculator needed for Pocket PC

[roadmenace49]

I'm a loan officer, looking for a basic Mortgage Payment Calculator for my Tilt. I saw several software programs available after doing a google browse. Just wanted to get some input from other pocket pc users. I don't need anything fancy just some thing basic to calculate Rate/Term & Interest Only payments while away from my office. I don't mind paying for the software but of course would prefer a trial version first.

Any suggestions?
I know I'm not the only mortgage guy with a Kaiser/Tilt that's still afloat in this ugly market ; )

[ajfloridian]

I'm a loan officer, looking for a basic Mortgage Payment Calculator for my Tilt. I saw several software programs available after doing a google browse. Just wanted to get some input from other pocket pc users. I don't need anything fancy just some thing basic to calculate Rate/Term & Interest Only payments while away from my office. I don't mind paying for the software but of course would prefer a trial version first.

Any suggestions?
I know I'm not the only mortgage guy with a Kaiser/Tilt that's still afloat in this ugly market ; )

Hey Roadmenace...

I'm a loan officer cum realtor and have been using the best one that was ever created for pocket pc. How I know this is because I've tried pretty much each and every title thats available on handango/pocketgear.com over the past 4 or so years.. yup! that means from the days of WM2003. And its pretty ironic that having tried some costing as much as $50, the best one was and is totally free.

It was written by one Greg Fischer from Australia, a mortgage rep himself based down under. Its called mortgage calc and I believe it had over a million or so downloads to its name on the above sites back in the days.

However, the person stopped updating it beyond its 3.4 build for over a year and that too for just WM2003se. After a hiatus of over a year and my persistent googling I found his amateur site again and he had actually re-written the whole thing for WM5/6 and its now version 3.5

Sorry for the lesson in history.. I had to cuz if you'd known about it, the software was literally a "living legend" in its category.

Some of the fancy calculators built in it are no longer there for the WM5/6 versions but its still hands down the best you're gonna find hands down.

Here's the link to the website:

http://members.optusnet.com.au/~gm_fisher/Main.htm

and I'm attaching the .cab as well.

[kcrumbley]

A great free option is Microsoft Excel. You can set it up to calculate any of the variables that you mention - rate, # of payments, necessary downpayment, etc. You can also use it for irregular mortgage terms as well. If you are not proficient in Excel, you can download templates directly from Microsoft or from www.vertex42.com (or just do a google search).

This is a great, free option (I think that Excel is the best software ever created, so I am a little bias) IMHO.

[l3it3r]

Excel is VERY useful. I don't know if it's the best though... I pick notepad.

[benqmark]

Hi, I am wondering with the difference between a mortgage APR and Interest Rate? My mortgage interest rate is 6.875% and the APR is 7.504% does the APR of 7.504% sound right if the interest rate is 6.875%? My mom said that the 2 numbers should be closer together than that. Also, my mortgage banker never mentioned an APR, and since we are 1st time home buyer's, we were unaware of it. We only knew about the Interest rate. Can you please help me?