MPG-Calculator

Introducing MPG-Calculator, the ultimate mortgage loan calculator designed to make your life easier when it comes to calculating your monthly instalments and Debt Service Ratio (DSR). This user-friendly app allows you to quickly determine the amount you need to pay each month for your home, while also providing a breakdown of the amortization schedule. But that's not all – with MPG-Calculator, you can also calculate your Debt Service Ratio, giving you a better understanding of your financial standing before submitting your loan application.

Features of MPG-Calculator:

- Easy and Convenient: This app provides a simple and user-friendly interface, making it easy for anyone to calculate their mortgage loan instalments. You can access it anytime and anywhere, making it incredibly convenient for busy individuals.

- Comprehensive Results: The app not only calculates the monthly instalment for your house but also provides additional information like total interest spent and extra payments needed to save on interest. This comprehensive approach helps you make informed decisions about your loan.

- Debt Service Ratio (DSR) Calculation: With the app's ability to calculate the Debt Service Ratio, you can determine whether you are financially capable of taking on a loan before submitting your application. This feature can help prevent any potential financial difficulties in the future.

- Income-Based Loan Amount Calculation: Having the ability to calculate the loan amount based on your income is extremely helpful. This feature ensures that you know your borrowing capacity and prevents you from overextending yourself financially.

FAQs:

- Is my personal information safe when using this app?

- Yes, we prioritize your privacy and ensure that all your personal information is securely stored and protected.

- Can I use this app to calculate other types of loans, such as car loans or personal loans?

- Unfortunately, this app is specifically designed for mortgage loan calculations. However, we may expand our services in the future to include other types of loans.

- Can I use this app without an internet connection?

- Yes, you can use the app without an internet connection. Once you have installed it, you can access it offline, ensuring convenience even in areas with limited connectivity.

Conclusion:

MPG-Calculator provides a convenient and comprehensive solution for anyone looking to calculate their mortgage loan instalments. With features such as calculating total interest spent, extra payments needed to save on interest, Debt Service Ratio calculation, and income-based loan amount calculation, this app ensures that you are well-informed and financially prepared. Additionally, the app takes privacy seriously, making sure that your personal information is safe and secure. Download the MPG Mortgage Loan Calculator app today and take control of your mortgage planning with ease.