# DebtDrop: Mortgage & Payoff — Debt Payoff Budget & Tracker > Debt payoff tracker with mortgage recast and equity management. (iPhone/iPad app by MARC RICHARD JULOT.) - Source: https://appshunter.io/ios/app/debtdrop-mortgage-and-payoff/id6761639279 (this page in markdown: same URL + `.md`) - Developer: [MARC RICHARD JULOT](https://appshunter.io/developer/1888376998) - Category: Finance, Utilities - Price: Free - Rating: 5.00/5 from 4 App Store ratings · 1 written reviews indexed - Age rating: 4+ - Requires: iOS 17.0 · 4 MB - Languages: English - Released: 2026-04-08 - Data updated: 2026-06-26 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/debtdrop-mortgage-and-payoff/id6761639279/reviews.md ## What is DebtDrop? DebtDrop is the only debt payoff app with a built-in mortgage recast calculator. See exactly how a lump sum payment can lower your monthly mortgage payment, reduce total interest, and accelerate your path to being debt-free. MORTGAGE RECAST CALCULATOR Run recast scenarios to see how extra principal payments reduce your monthly obligation. Compare before and after payments, total interest saved, and new payoff timelines. No other debt app offers this level of mortgage intelligence. SMART DEBT PAYOFF STRATEGIES Choose between the snowball method (smallest balance first) or avalanche method (highest interest first) to pay off your debts. DebtDrop runs full simulations showing your projected payoff date, total interest paid, and money saved with extra payments. EQUITY & PMI TRACKING Track your home equity in real time. DebtDrop monitors your loan-to-value ratio and alerts you when you reach 80% LTV, the threshold to request PMI removal and save hundreds per month. AMORTIZATION TABLES View complete amortization schedules for every debt. See the principal and interest breakdown for each payment, month by month, so you always know where your money goes. COUPLES MODE Managing debt together? Enable household mode to track individual and joint debts side by side. Assign debts to each partner and see combined payoff projections. PAYMENT HISTORY & TRACKING Record every payment and watch your progress. DebtDrop tracks your payment streaks, total amount paid, and principal progress over time. PDF EXPORT Generate detailed debt reports and share them as PDFs. Perfect for financial planning meetings, mortgage applications, or personal records. COMPLETE PRIVACY DebtDrop never collects, stores, or shares your data. No analytics, no tracking, no ads. Everything stays on your device (and your personal iCloud if you choose to sync). FEATURES AT A GLANCE: - Mortgage recast calculator with scenario comparisons - Snowball and avalanche payoff strategies - Home equity and LTV tracking - PMI removal alerts - Full amortization tables - Couples/household mode - Payment history and streak tracking - PDF report export - Net worth dashboard - No account required, no data collection DebtDrop provides estimates and projections only and is not a substitute for professional financial advice. ## Key features - Mortgage recast calculator - Debt payoff strategies (snowball/avalanche) - Home equity and PMI tracking - Amortization schedules - Couples/household debt mode - PDF report export - Net worth dashboard ## Recent user reviews (1 of 1) All indexed reviews: https://appshunter.io/ios/app/debtdrop-mortgage-and-payoff/id6761639279/reviews.md ### 5/5 — Really good *2026-04-14* Great app that is very user friendly. The interface is easy to add all your investments and debts into one place. The best feature is your ability to simulate the time and/or amount of interest it will take to pay off a given debt ## Frequently asked questions about DebtDrop ### What is DebtDrop? DebtDrop is a free finance app designed to help users manage and pay off their debts. It includes a unique mortgage recast calculator, equity tracking, and supports couples in managing joint finances. ### How does the mortgage recast calculator in DebtDrop work? The mortgage recast calculator allows you to simulate how lump sum payments can lower your monthly mortgage payment, reduce total interest paid, and accelerate your debt-free timeline. It provides detailed before and after payment comparisons. ### Does DebtDrop offer different debt payoff strategies? Yes, DebtDrop supports both the snowball method (paying off smallest balances first) and the avalanche method (paying off highest interest first). It runs simulations to show projected payoff dates and savings. ### Can DebtDrop help with home equity and PMI? DebtDrop tracks your home equity in real time and alerts you when you reach the 80% Loan-to-Value ratio threshold, which is typically when you can request PMI removal to save money. ### Is DebtDrop suitable for couples managing finances? Yes, DebtDrop features a 'Couples Mode' that allows partners to track individual and joint debts side by side, providing combined payoff projections for household financial management. ### Does DebtDrop collect or share user data? No, DebtDrop prioritizes complete privacy. It does not collect, store, or share your data, and there are no analytics or ads. All data stays on your device. ### What devices is DebtDrop available on? DebtDrop is available on iPhone and iPad devices, indicated by its support for these platforms. ### How often is DebtDrop updated? The latest version of DebtDrop is 1.2.0, which was last updated on April 30, 2026. This indicates a recent update and ongoing development. ## Version history (last 2 releases) ### 1.2.0 — 2026-04-30 What's new in DebtDrop 1.2: • Optional Face ID / Touch ID lock keeps your financial data private • Interest rates now support 3 decimal places (e.g. 19.638%) • Smarter payment recording — Minimum is pre-selected on open, escrow auto-disables for principal-only payments, and a new "Min + Extra Principal" mode applies extra payments entirely to principal • Fixed: keyboard "Done" button now properly dismisses the keyboard Got feedback? Tap More → Support to reach us. Thanks for tracking with DebtDrop. ### 1.0 — 2026-04-08 No release notes. ## More apps by MARC RICHARD JULOT - [Spelt It!](https://appshunter.io/ios/app/spelt-it/id6761316219) - [Paddle Ship Arcade](https://appshunter.io/ios/app/paddle-ship-arcade/id6762071814) - [Princess Nia's Coloring Book](https://appshunter.io/ios/app/princess-nias-coloring-book/id6765973903) All apps by MARC RICHARD JULOT: https://appshunter.io/developer/1888376998 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-26.*