Mortgage Calculator™ app review: a quick and easy home loan calculator

Introduction

Introducing Mortgage Calculator™ for iPhone and iPad, a great addition to the Finance category of the App Store that provides a basic rundown of features that should help you to quickly and easily calculate any number of mortgages and loans.

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Mortgage and loan calculator apps tend to be very common, and the vast majority of developers run along more or less the same formula by providing a generic or otherwise simplistic interface with a basic set of features.

This is pretty much the case with Mortgage Calculator™, so if you’re in the market for this kind of utility and want the peace of mind of using a mortgage tool that has been developed using tried and tested methods, well, then I’d say you just found it!

Save Multiple Mortgages

What we have here is a quick and easy home loan calculator that you can use to figure out exactly what your options are as well as determining a rough idea of what kind of costs you’re going to be looking at for your next loan.

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I’m pleased to see that you can save information for multiple mortgages within this finance app, so if you would like to run various scenarios and save them to run loan comparisons then this is definitely possible with Mortgage Calculator™.

 

Share Your Loans via Email

Mortgage Calculator™ is also very useful for finding out what you can actually afford, and the amortization table enables you to see a detailed breakdown of your monthly payments as well as the effects of making extra payments.

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Furthermore, you can share your calculations with your spouse or accountant online via email in .PDF and .HTML file formats, plus your records can be backed up digitally via Dropbox if need be.

 

Pros & Cons

Pros

• Utilize a quick and easy home loan calculator
• Store information pertaining to multiple mortgages
• Easily figure out how much you can afford to borrow
• Specially designed for the U.S. property market
• View a breakdown of your monthly payments as well as the effects of making extra payments
• View a detailed amortization table
• Includes full support for variable rate loans
• Share your records with others online via email in .PDF and .HTML file formats
• Create a handy digital backup copy of your records via Dropbox
• Compare up to four mortgages side by side
• Keep your records safe and secure with passcode protection

Cons

• There is nothing negative to say about this app

 

Final Words

Mortgage Calculator™ is a simple loan calculator that I think definitely deserves a spot on the iPhone and iPad of anyone who is trying to weigh up their options for their next home loan.