RECalc Mortgage Calculator 3.1.2

3magic – Freeware – iOS
out of 2537 votes

RECalc is a free version of RECalc Pro, a Real Estate Mortgage Loan Calculator that also functions as a traditional Mathematical Calculator.

RECalc offers various calculations for loans, including Monthly Payment, Term, Interest Rate, and Loan Amount. It also provides standard mathematical calculations like any other calculator. When you make changes to any of the calculation variables, you can instantly recalculate any of the other values.

In addition to monthly compounding, RECalc supports semi-annual compounding (Canadian Amortization). By simply clicking a button, you can view the complete Loan Summary and Amortization Table for your calculation. You also have the option to email this information to your desktop or save the loan for future reference.

Whether you are a real estate professional, mortgage broker, first-time homebuyer, or considering refinancing, RECalc is a valuable tool conveniently accessible on your iPhone or iPod touch.

Overview

RECalc Mortgage Calculator is a Freeware software in the category Business developed by 3magic.

The latest version of RECalc Mortgage Calculator is 3.1.2, released on 10/07/2023. It was initially added to our database on 10/07/2023.

RECalc Mortgage Calculator runs on the following operating systems: iOS.

Users of RECalc Mortgage Calculator gave it a rating of 5 out of 5 stars.

Pros

Simple and easy-to-use interface makes it user-friendly for all levels of expertise.
Allows users to quickly calculate mortgage payments, loan amounts, interest rates, and more.
Offers detailed amortization schedules to help users visualize their mortgage payoff timeline.
Provides accurate calculations based on user input for a more precise estimate.
Compatible with various devices, including desktops, smartphones, and tablets.

Cons

Lacks advanced features such as additional financial calculators and investment analysis tools.
May not offer as many customization options compared to other mortgage calculator applications.
Some users report occasional glitches or bugs that may affect the accuracy of calculations.
Not as widely recognized or established as other well-known mortgage calculator applications.

FAQ

What is the RECalc Mortgage Calculator?

RECalc Mortgage Calculator is a financial tool developed by 3magic that helps users calculate mortgage payments, assess loan options, and evaluate the impact of down payments on monthly liabilities.

How do I use the RECalc Mortgage Calculator?

To use the RECalc Mortgage Calculator, simply input the loan amount, interest rate, loan term, and any additional parameters like down payment or property taxes, then click 'Calculate' to view the results.

Is the RECalc Mortgage Calculator free to use?

Yes, the RECalc Mortgage Calculator is available for free and can be accessed online without any subscription or payment.

Can I save my calculations on the RECalc Mortgage Calculator?

Currently, the RECalc Mortgage Calculator does not have a save feature. However, you can take screenshots or manually record your calculations for future reference.

Is the RECalc Mortgage Calculator mobile-friendly?

Yes, the RECalc Mortgage Calculator is designed to be mobile-friendly and can be used on smartphones and tablets.

What types of mortgages can I calculate with RECalc?

RECalc allows you to calculate various mortgage types including fixed-rate, adjustable-rate (ARM), and interest-only loans.

Does RECalc provide advice on mortgages?

No, RECalc is a calculator tool. For personalized financial advice regarding mortgages, it's best to consult with a financial advisor or mortgage professional.

How accurate are the calculations in the RECalc Mortgage Calculator?

The calculations provided by RECalc are based on standard mortgage formulas and should be accurate; however, actual loan terms may vary based on lender policies.

Can I use RECalc for refinancing scenarios?

Yes, you can use RECalc to evaluate refinancing options by entering your current mortgage details alongside potential new loan terms.

What additional features does RECalc offer?

RECalc offers features such as amortization schedules, comparison of different loan scenarios, and an option to consider property taxes and insurance in payment calculations.

Screenshots (Click to view larger)

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