In this mortgage calculator app, users can calculate and compare mortgage options using various payment scenarios. Includes charts for visualizing costs, scenario analysis, and data backup options.
AppRecs review analysis
AppRecs rating 4.4. Trustworthiness 72 out of 100. Review manipulation risk 27 out of 100. Based on a review sample analyzed.
★★★★☆
4.4
AppRecs Rating
Ratings breakdown
5 star
84%
4 star
11%
3 star
1%
2 star
1%
1 star
3%
What to know
✓
Low review manipulation risk
27% review manipulation risk
✓
Credible reviews
72% trustworthiness score from analyzed reviews
⚠
Pricing complaints
Many low ratings mention paywalls or pricing
About Mortgage Calculator™
*** Featured in the Sunday Times App List 2012 ***
*** Featured as 'What's Hot' by Apple ***
'Mortgage Calculator' has one aim - To SAVE YOU MONEY on your mortgage!
If you're buying a house, looking to re-finance, or simply want to make the most of your existing mortgage, then this is the perfect app for you.
Try out various 'What-If' scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total loan length and cost go down. You may be surprised by just how much!
Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.
5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."
5-Stars - "...really helped me to compare the different mortgage deals"
*** Highlights ***
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Specially designed for the US market:
√ See effect of regular or one off Extra Payments
√ Variable Rates support
√ Calculate the 'True Cost', by including Tax etc
√ Takes into account PMI
√ Try out various 'What-If' scenarios
√ Email a PDF or HTML of the loan details
√ Support for ARM 3/1, 5/1, 7/1 mortgages
√ Charts allow easy visualisation of the costs
√ Make an informed choice by comparing loans
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface
*** Quick Calculators ***
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Super quick calculators for instant answers:
√ How much can you afford to borrow?
√ Monthly Payments
√ Money Saving Effect of Extra Payments
√ Cost of Moving House
*** Analyse & Compare ***
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Visualise mortgage costs in simple, easy to understand charts:
√ Store details of multiple mortgages
√ Easily see the costs for each year with a slide of the finger
√ Try out various 'What-If' scenarios
√ Extra payments can 'Reduce Term' or 'Reduce Payments'
√ Include Tax, Insurance, PMI in the payments
√ Support for 'Repayment' or 'Interest Only'
√ Monthly breakdown of costs (Amortization)
√ Compare up to 4 mortgages side by side
√ Support for ARM 'Initial Rates' e.g. 4% for 3 years
*** Voted #1 Property App - upack.com ***
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"The strongest arrow in its quiver is the way it handles hypothetical situations, letting you analyze all manner of mortgage-related queries, such as how much you can afford to borrow, and a variety of other what-if scenarios..."
Note that multiple currencies are supported!
Mortgage Calculator™ Screenshots
Tap to Rate:
Reviews for Mortgage Calculator™
TrappStar27
Best mortgage App
I have tried most of the mortgage apps for IOS and this one gives you more flexibility with your payoff strategies.
emailselwyn
Better than excel
This app works well to find out how much interest will be charged and how much is spent at any given time during the life of a mortgage. I also use it for comparison shopping.