Gadgetory

hey everyone Daniel Webster here in pocket calm and with interest rates being so low as they are these days it seems wise to either invest in a home or to buy a new vehicle or even get new credit cards to raise your credit so today I'm gonna show you pocket amortization and this is a free application on windows mobile marketplace so let's get started ok so here we are on the pocket amortization calculator and this is a pretty simple program but very useful if you are out shopping for either a house or a new car or wanting to see how long it would take to pay something off on your credit card so let's say that you were to purchase a used car for fifteen thousand nine hundred and ninety-nine dollars at three point nine nine percent which is a pretty good interest rate for a used car nowadays and let's say that you choose a 72 month payment plan which is six years you can calculate that payment pretty quickly all you just hit calculate payment and it's two hundred fifty dollars and 23 cents so let's say that I wanted to buy a new car and let's say that it was a thirty four thousand seven hundred fifty-six dollars sticker price so click select here and let's say that I got a better interest rate because it is a new car let's say we got a two point four nine percent interest rates so I'm just going to select and now i can calculate my payment to five hundred and twenty dollars and eighteen cents but let's say that our credit is not so great and we only get let's say we get an eight point five percent interest rate which is a pretty bad we can see the difference between the five hundred twenty dollars at a to point something percent interest rate and the 8.5 so let's click here and it's six hundred and seventeen dollars so almost a hundred dollars difference just for that interest rate so let's see where to calculate a house and our term of our loan is 30 years we can select that and of course it would not be eight-point-five percent because if it was you would be insane and to buy a house at that price let's say with current interest rates right now let's say there in about there about four and a half but let's say that we get a loan and locked in at four point seven five percent so we can slow that of course the house won't be thirty four thousand dollars unless you get a great deal let's say it's around three hundred and five thousand or something like that k lassila select and see what our monthly payment would be and it's 1591 dollars but let's say that we want to see what it would cost per month if we did a 15 year loan at course you always get better interest rates at 15 year loan so let's say 4.25 or something like that so select there and calculator payment okay so apparently you wouldn't want how to have a 75 year loan so calculate our payment and it's two thousand two hundred and ninety-four dollars so for just a few hundred dollars more a month you could have that loan paid off in 15 years opposed to 30 years now let's say that you want to calculate how much of a house you can buy let's say you want to have it for 30 years of course and you want it to be under a thousand dollars so let's try one hundred and ninety thousand dollar house and you'll select there at four point seven five percent let's say that's what you got locked in it and you can select and calculate your payment so you can buy one hundred and ninety thousand dollar house for under a thousand bucks at four point seven five percent which is much cheaper than running even some places so this is a very useful application if you want to calculate how much your payment is going to be per month and this is pocket amer ization and the program is free on windows mobile marketplace and this is another marketplace pic and if you liked our video give us a thumbs up and also leave some comments down below thanks for watching