The Loan Calculator Lite app is designed to assist users in calculating their monthly mortgage payments and estimating the total cost of their mortgage over time. The app allows users to input their mortgage amount, interest rate, loan term, and down payment to receive an estimate of their monthly payment. It also includes additional features such as affordability calculators, and a refinance calculator. Loan Calculator Lite is a helpful tool for those in the process of purchasing a home or refinancing their existing mortgage. Its user-friendly interface and comprehensive features make it a valuable resource for making informed financial decisions. Loan Calculator Lite is freely available.