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Loan Calculator & Tax Savings

Loan Calculator & Tax Savings

3-in-1 Loan Payment Calculator

97 ratings
67 reviews
💼 Business
💰 Finance
Free

Details

  • Released
  • Updated
  • July 11, 2009
  • September 20, 2020

Features

Developer

MORTAL GEEK LLC
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Loan Calculator & Tax Savings screenshot #1 for iPhone
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iphone
ipad
📌Ready
Reviews summary↘︎
⭐67
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📝19+ tags
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🔄6+ apps
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❓5 answered
FAQ↘︎
📦w/o updates
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About

This app offers advanced loan analysis, including mortgage calculations and tax savings impact. It provides detailed amortization tables and helps users understand loan terms for informed financial decisions.

✓Quick loan payment calculation
✓Detailed amortization tables
✓Estimated tax savings impact
✓Analysis of loan terms (DTI, LTV)
✓Multiple loan and property analysis
✓Email loan summaries and reports
Show original description

What users say

Summarized from real user reviews of Loan Calculator & Tax Savings. Based on 97 reviews and a 4.1/5 average, it highlights the 15 positives and 25 negatives reviewers mention most about this Finance app.

Positive things

  • 👍User-friendly and easy to use
  • ✅Accurate calculations
  • 💡Versatile for various loan types
  • 📊Awesome charts and scenario comparison
  • 🚀Quick and efficient calculations
  • ✨Clean interface
  • 📈Detailed analysis and data
  • 📱Handy for on-the-go use
  • 💯Comprehensive features
  • 🌟Best mortgage calculator found
  • 💰Tax savings feature appreciated
  • 💾Ability to save scenarios
  • 👍Great for realtors and mortgage professionals
  • 💡Offers basic, quick, and advanced options
  • ✅Streamlined and not overly complicated

Negative things

  • 🐛Crashes when accessing 'Advanced' section
  • 🐛Condo/HOA monthly fee glitch
  • 🐛Sliders are too sensitive/touchy
  • 🐛Interest rate increments too large
  • 🐛UI issues after updates
  • 🐛Does not recalculate when adding charges
  • 🐛Third-party keyboards can cause issues
  • 🐛Latest version destroyed UI and email function
  • 🐛Not intuitive for some users
  • 🐛Limited loan amount for car loans
  • 🐛Ads can interrupt workflow
  • 🐛Inaccurate calculations reported
  • 🐛Does not support balloon payments or extra payments
  • 🐛Can't compare different time value mortgage payment schemes
  • 🐛Bad default values and field resets
  • 🐛Can't purchase the app
  • 🐛No ability to input payment frequency
  • 🐛No ability to calculate term from 'What If' scenarios
  • 🐛Changing taxes has no effect on payment
  • 🐛Monthly tax cost never changes
  • 🐛Not geeky enough for some
  • 🐛Complicated for some users
  • 🐛Not useful for REALTORS in California
  • 🐛US-only support
  • 🐛Old icon was preferred by some
See all reviews

What's New in Loan Calculator & Tax Savings

2.8

September 20, 2020

Minor fixes for iOS 14. The minimum Required is now iOS 13.

User reviews

Most RecentHighest RatedLowest Rated

Excellent

I am a realtor with Century21.
Have been using this calculator for a few years now.
Love it!!
User friendly!
Accurate!
Smiling4USmiling4U

The best app

Very clean and easy to use.
ZfgggdgetygjjtddfdrZfgggdgetygjjtddfdr

Great tool

Not a pro, just a consumer, but this has been the best little app over the years. Worked loans for main home, rental properties, refinances, cars. Awesome charts, easy to toggle all the variables, create and compare different scenarios. I love it.
spstodsspstods

Super simple

As a realtor I found this to be a great way to prompt me to ask the right questions and great email format to send to my lending agent. I say give it a shot.
shaimusshaimus

CFO

Excellent
KrishnarajuKrishnaraju
See 62 more reviews

User experience

🐞

Reported Bugs

21 issues

App crashes when clicking on 'Advanced'

Bug

Condo/HOA monthly fee not carrying over to overall mortgage expense

Bug

Sliders for points and other variables are too touchy/sensitive

Bug

Interest rate jumps in 0.05 increments, making precise matching difficult

Bug

Latest version destroyed UI and removed email functionality

Bug

Third-party keyboards cause issues

Bug

App does not recalculate when adding POA monthly charges or other charges

Bug

App crashes a couple of times in a few minutes of usage

Bug

Slider bar for interest rate is useless, jogging value by 0.25 to 0.5%

Bug

Cannot purchase the app

Bug

Ads can interrupt workflow and prevent going back to calculations

Bug

Taxes are inaccurate and should be adjustable

Bug

No ability to input a different interest rate and calculate the new term

Bug

No ability to input a payment frequency

Bug

No ability to calculate a term from a 'What If' scenario

Bug

Changing the taxes has no effect on the payment

Bug

Monthly tax cost never changes regardless of adjustments

Bug

Bad default values for many fields

Bug

When correcting fields, previous entries in other fields are forgotten

Bug

App does not allow calculation for loans less than $20,000

Bug

UI is hard to use

Bug
✨

Requested Features

20 requests

Add ability to add additional principal payments

Feature

Add ability to calculate potential savings and term reduction of additional amounts applied to principal

Feature

Add ability to search more than one town at a time

Feature

Add ability to change points with the number pad

Feature

Add frequency of payments option (e.g., bi-weekly)

Feature

Add ability to compare different time value mortgage payment schemes

Feature

Add support for balloon payments and extra payments

Feature

Improve UI and make it more intuitive

Feature

Allow calculation for loans less than $20,000

Feature

Fix bug with taxes and allow tax rate adjustment

Feature

Fix bug where changing taxes has no effect on payment

Feature

Fix bug where monthly tax cost never changes

Feature

Fix bug where default values are bad and fields reset

Feature

Fix bug where app crashes in 'Advanced' section

Feature

Fix bug with Condo/HOA monthly fees not carrying over

Feature

Fix slider sensitivity for points and interest rate

Feature

Restore ability to email charts and figures to clients

Feature

Allow adding more than one calculation

Feature

Add dark mode option

Feature

Add advanced analytics dashboard

Feature

FAQ

What does this loan calculator app do?

This app provides comprehensive loan analysis, including quick payment calculations, detailed amortization schedules, and the impact of tax savings on affordability. It helps users understand loan terms and make informed financial decisions.

What are the key features of this app?

Key features include a quick calculator for payment based on rate and term, simple and extended amortization tables, analysis of tax savings, and the ability to input other tax-deductible expenses. It also allows for multiple loan and property analysis.

Is this app free to use?

Yes, based on the provided information, the app is free to use. There are no mentions of in-app purchases or subscription models.

What kind of loan analysis can I perform?

You can perform quick payment calculations, generate simple and extended amortization tables, see the impact of tax savings on your effective monthly payment, and analyze loan terms like DTI and LTV. It also supports analyzing multiple loans for multiple properties.

Can I share my loan calculations with others?

Yes, the app allows you to email loan summaries, total costs, and amortization tables to yourself or others. This makes it easy to share your financial analysis with partners, advisors, or friends.