Mortgage Pal - Loan Calculator

Want to save on your mortgage? Start using this all-in-one mortgage toolkit to make smarter home buying decisions.

Mortgage Pal has 7 powerful tools in 1 app:
• Mortgage Payment Calculator
• Mortgage Affordability Calculator
• Mortgage Refinance Calculator
• HELOC Calculator
• Rent vs Buy Calculator
• Closing Costs Calculator
• Mortgage Rate Trends Visualizer

Calculate mortgage payments including PMI, property taxes, insurance, and HOA fees. Plan your payments, save on interest, and make confident home buying decisions.

MORTGAGE PAYMENT CALCULATOR
• Calculate payments with monthly, weekly, bi-weekly, quarterly, and yearly plans
• Account for PMI, taxes, insurance, and HOA fees
• Detailed schedules showing interest vs principal breakdown
• See how extra payments save you thousands in interest

MORTGAGE AFFORDABILITY CALCULATOR
• Determine how much home you can afford based on your income
• Adjustable debt-to-income ratio with your expenses and debts
• Instantly see your maximum purchase price and monthly payment

REFINANCE CALCULATOR
• Compare current vs new mortgage side by side
• See monthly savings and break-even point
• Toggle closing costs to roll into loan or pay upfront

HELOC CALCULATOR
• Estimate your available home equity line of credit
• Calculate payments based on home value and existing mortgage

RENT VS BUY CALCULATOR
• Compare the true cost of renting vs buying over time
• Factors in appreciation, rent increases, investment returns, and tax benefits

CLOSING COSTS CALCULATOR
• State-specific estimates including title insurance, taxes, and fees
• See exactly how much cash you need at closing

MORTGAGE RATE TRENDS
• Track 30-year fixed, 15-year fixed, and FHA rates
• Visualize history over 30 days, 1 year, or 5 years

— FREQUENTLY ASKED QUESTIONS —

Q: What is the best free mortgage calculator app for iPhone?
A: Mortgage Pal is a top-rated free mortgage calculator for iPhone with multiple tools in one app — including payment, affordability, refinance, HELOC, rent vs buy, and closing costs calculators. No subscriptions, no paywalls, no account required.

Q: How is Mortgage Pal different from other mortgage calculator apps?
A: Most mortgage apps only offer a basic payment calculator. Mortgage Pal includes 6 calculators covering every stage of homeownership — from affordability and closing costs to refinancing and HELOC — all free with no ads locked behind a paywall.

Q: Do I need an account or subscription to use Mortgage Pal?
A: No. Mortgage Pal is 100% free with no account signup, no subscription, and no premium tier. Every calculator and feature is available immediately.

Q: Does Mortgage Pal work offline?
A: Yes. All calculators work without internet. Rate trends require a connection, but every calculator runs entirely on-device — perfect for meetings with lenders or open houses.

Q: Can realtors and mortgage brokers use Mortgage Pal with clients?
A: Yes. Thousands of realtors, mortgage brokers, and financial planners use Mortgage Pal to run calculations with clients. Results can be exported to email instantly and multiple scenarios can be saved and compared.

Q: What mortgage calculators does Mortgage Pal include?
A: Payment calculator with PMI and tax support, affordability calculator with DTI ratios, refinance calculator with break-even analysis, HELOC calculator, rent vs buy comparison tool, closing costs estimator by state, and a mortgage rate trends visualizer with historical data.

Q: Is Mortgage Pal accurate for real mortgage calculations?
A: Yes. Mortgage Pal uses industry-standard amortization formulas, real-time rate data from the Federal Reserve (FRED), and state-specific closing cost data. Results match what lenders and financial professionals use.

See why thousands of realtors, brokers, and homeowners trust Mortgage Pal. Download Mortgage Pal today and experience for your self.