Mortgage Calculator™
Extra Payments Save You Money
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Description

*** SALE NOW ON - 50% off ***

*** 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!
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In-Apps

Branding License
$39.99

Screenshots

User Rating

4.7 out of 5

130 ratings in United States

5 star
108
4 star
15
3 star
1
2 star
2
1 star
4

Ratings History

Reviews

Better than excel

emailselwyn on

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.

Awesome

SicRick01 on

Better than Mortgage+ now that it’s busted

Enjoy this

Minpinbakke45 on

This is great to compare refinance options and see the impact of making additional principal payments toward goals. Definitely shows you visually the amortization breakout.

Accurate, Quick and Easy

Rayphoto on

The app makes it easy for me to provider information to my clients.

Awesome!

ThinkDiff709 on

Keep it coming!

Ssfifty

SSFifty1 on

Awesome program!!!!!!

Basic, but very useful

LivingAbroad45 on

Not a lot of features, but quickly gets to the root of cals needed. I like it for its speed and it remembers my work. Update Aug 22: I wish it would reach across all my platforms. Would be nice to Nice to be able to show impact of a balloon payoff at a future year. Would be nice to have a feature to incorporate the cost of an outside loan. Like the cost of debt for a down payment. Thx.

Buying smart

Scouter111111 on

I love this app. Before buying or financing any big purchase I run the numbers here. I can see the affect of interest rates and monitor payoff dates of items. I share information with family and coworkers about how I have my money working for me and not just sitting in the bank. Anything I finance has to bring in income that is 40% more than my payment. But I like buy small houses with a 5 year payoff and then have get 90% positive cash flow.

🤠

Amw19801 on

Great App Keeps track Of multiple properties.

Great App

fladtheimpaler on

I use several of this developer’s apps and they are all feature rich and intuitive. Frequent updates and application support.

Store Rankings

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Category Rankings

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Category
Rank
Top Paid
30
Top Paid
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Top Paid
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Top Paid
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Top Paid
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App Info

Category
Finance
Publisher
MH Riley Ltd
Languages
Spanish, English
Recent version
2.8 (2 years ago )
Released on
Dec 18, 2010 (13 years ago )
Last updated
1 week ago