Mortgage Calculator™ 2.8

MH Riley Ltd – Commercial – iOS
out of 131 votes

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	<title>Mortgage Calculator - Review</title>
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	<h1>Mortgage Calculator - Review</h1>

<p>Featured in the Sunday Times App List 2012</p>

<p>Featured as 'What's Hot' by Apple</p>

<p>Mortgage Calculator has one aim - to save you money on your mortgage. Whether you're buying a house, looking to refinance, or want to optimize your existing mortgage, this app is perfect for you.</p>

<p>With Mortgage Calculator, you can try out various 'What-If' scenarios and see how extra payments can save you time and money. You have the flexibility to enter any number of monthly, yearly, or one-off extra payments at any period during the loan. Watch as the total loan length and cost decrease, potentially saving you more than you expected.</p>

<p>The app provides simple and interactive charts that allow you to visualize your cost savings with ease. Just slide your finger along to see the costs for each year.</p>

<blockquote>
		<p>5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."</p>

<p>5-Stars - "...really helped me compare different mortgage deals"</p>
	</blockquote>

<h2>Highlights</h2>

<ul>
		<li>Specially designed for the US market</li>
		<li>See the effect of regular or one-off extra payments</li>
		<li>Support for variable rates</li>
		<li>Calculate the 'true cost' by including tax, etc.</li>
		<li>Takes into account PMI (Private Mortgage Insurance)</li>
		<li>Try out various 'What-If' scenarios</li>
		<li>Email a PDF or HTML of the loan details</li>
		<li>Support for ARM (Adjustable Rate Mortgage) 3/1, 5/1, and 7/1 mortgages</li>
		<li>Charts allow easy visualization of costs</li>
		<li>Make an informed choice by comparing loans</li>
		<li>Backup & Restore via Dropbox</li>
		<li>Passcode protection</li>
		<li>Elegant, simple, and powerful user interface</li>
	</ul>

<h2>Quick Calculators</h2>

<ul>
		<li>How much can you afford to borrow?</li>
		<li>Monthly Payments</li>
		<li>Money Saving Effect of Extra Payments</li>
		<li>Cost of Moving House</li>
	</ul>

<h2>Analyze & Compare</h2>

<ul>
		<li>Visualize mortgage costs in simple, easy-to-understand charts</li>
		<li>Store details of multiple mortgages</li>
		<li>Easily see costs for each year with a slide of the finger</li>
  		<li>Try out various 'What-If' scenarios</li>
  		<li>Extra payments can 'Reduce Term' or 'Reduce Payments'</li>
  		<li>Include tax, insurance, PMI in the payments</li>
  		<li>Support for 'Repayment' or 'Interest Only'</li>
  		<li>Monthly breakdown of costs (Amortization)</li>
  		<li>Compare up to 4 mortgages side by side</li>
  		<li>Support for ARM 'Initial Rates' (e.g., 4% for 3 years)</li>
   </ul>

<p>Voted #1 Property App - upack.com</p>
   <p>"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..."</p>

<p>Note: Multiple currencies are supported!</p>
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