We have added a new 'Mortgage Loan Simulation' feature to our Income Calculator web app (https://tedorikeisan.com). This feature enables users considering home purchases to create more concrete financial plans.
Mortgage Loan Simulation Features:
•Easy calculation by simply entering loan amount, interest rate, and repayment period
•Instant display of monthly payments and total repayment amount
•Supports equal principal and interest repayment method
•Bonus payment settings available
•Shows repayment burden ratio relative to annual income
•Responsive design compatible with smartphones
With this feature, users can first calculate their take-home pay from their annual income, then use that information to consider a reasonable mortgage loan amount. Home purchase is one of life's biggest investments. We hope this new feature will assist in your home purchase planning.
The Income Calculator web app continues to be available free of charge. Mobile app versions are also available on App Store and Google Play.