By MH Riley Ltd
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*** 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 ***
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 ***
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 ***
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 ***
"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!
What's New in Version 2.6.1
Version 2.6.1 is a bug fix release:
- Fix a problem with the Branding Licence upgrade
- Fix a problem switching the Arrangement Fee to be 'Add to Loan'
Version 2.6 has the following new features and fixes:
- UI has been optimised for iOS 7/8
- PDF report has been enhanced, and can now be previewed and printed via AirPrint
- Branding feature allows personalisation of PDF report with company name, logo and details
- CSV Output
- Touch Id option (turn passcode off and on again to activate it)
- Updated Stamp Duty calculations
- Copy existing mortgage by pressing and holding on it
- Added 'Rate' to HTML report
- Option to show amortisation before chart
- Extra Costs marked as 'Pay Upfront' now appear in 'Total' figure
- CMHC option for Canadian users
- Fixed problem with blank PDFs
- Fixed problem with 'Joint' lending criteria
Very nice for comparing differences in rates and extra payments
Been trying lots of apps that just don't quite put everything together. This one allows you to put in taxes, insurance, PMI, extra payments and present the data in an easy to visualize format.
One suggestion. Allow duplication of a saved scenario, then allow edits. Unless I missed something, I had to re-enter tax, insurance and PMI for each new payoff scenario that I created.
I can't say enough good things about this app. It allows me to enter all my one time additional payments and my monthly over payments that have changed over time. I setup different payment scenarios and was able to overlay them on the same chart. This app is exactly was I was looking for.
User friendly, great help to make big decision.
- Category: Finance
- Updated: Aug 20, 2015
- Version: 2.6.1
- Size: 15.1 MB
- Languages: English, Spanish
- Seller: MH Riley Ltd
- © 2010-2015 MH Riley Ltd
Compatibility: Requires iOS 7.0 or later. Compatible with iPhone, iPad, and iPod touch.
Top In-App Purchases
- Branding License$39.99