Calculation Added to Mortgage Payment Calculator

ProAPOD Real Estate Investment Software has added two more real estate calculations to iCalculator – it’s unique and innovative online suite of real estate calculators.

Each of the two additional real estate calculations have there own form and can be found in the Mortgage Payment category.

From the main toolbar click Mortgages then in the left menu click Mortgage Payment. You will see each of the form-tabs marked Interest-only Option and Private Money. Click the tab to open the appropriate form to make the calculation.

Here’s a brief summary of each of the two new real estate calculations.

1.Interest-only Option

This calculator enables you to compute the monthly payment and total amount of interest paid for a loan that includes the option to make interest-only payments initially for some period of years before converting to fixed-rate payments.

2. Private Money

This calculator enables you to compute a monthly payment and amortization table for a loan that is fully amortized over several months (not years). This was a suggestion from a customer who routinely borrows money from private lenders to acquire real estate property.

So You Know

You never have to pay for updates made to iCalculator. Simply login as you normally would and you have automatic access to the update and any new real estate calculations added.