# Loan Calculator & Tax Savings — 3-in-1 Loan Payment Calculator

> Comprehensive loan calculator with tax savings and advanced amortization analysis. (iPhone/iPad app by MORTAL GEEK LLC.)

- Source: https://appshunter.io/ios/app/loan-calculator-and-tax-savings/id320858775 (this page in markdown: same URL + `.md`)
- Developer: [MORTAL GEEK LLC](https://appshunter.io/developer/304077120)
- Category: Finance, Business
- Price: Free
- Rating: 4.10/5 from 97 App Store ratings · 67 written reviews indexed
- Age rating: 4+
- Requires: iOS 13.0 · 12 MB
- Languages: American English
- Released: 2009-07-11
- Data updated: 2026-07-30
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/loan-calculator-and-tax-savings/id320858775/reviews.md

## What is Loan Calculator & Tax Savings?

The most comprehensive, best selling Mortgage Calculator App in the App Store with 500,000 users since 2008. Advanced analysis on the go. Unique features no other loan calculator offers. See impact of Tax savings on your affordability. Extended Amortization. Total costs allow you to make smart decisions. The only Loan Calc App with the distinction to be on the MintLife's top 10 apps to have. Type "CalcsFree" in your favorite search engine (CalcsFree was the previous name of the application) and you will see hundred of pages with reviews and un-solicited video reviews people have posted regarding this application.


1)  Quick calculator
=========================
For people who simply need Payment based on Rate and Term in 3-4 clicks.
In addition, the results give you a simple amortization table that you can email to anyone, and a total costs calculation to predict your affordability.

2) Simple 
=============== 
* Designed for people with a need for on-the-go and simple analysis. 
* Simple Input Methods.
* Comprehensive results.
* By popular demand, the calculator now supports multiple scenarios. 
 
3) Extended 
================= 
* Helps you to beat the lender at his/her own game! Understand terms like DTI, LTV, etc.
* Designed for people who want to conduct detailed analysis about their situation, and understand loan criteria used by lenders. 
* Input values as either a percent or an absolute amount. 
* Click on the ⓘ icon to see help & advice on the topic. 
* Analyze multiple loans for multiple properties. 
* Comprehensive analysis to help with your affordability calculations.


Common Features 
============================================
* Wicked fast; designed for attractive, simple usability with field navigation between text fields (similar to Safari). 
* See estimated Tax Savings. The savings calculations are automatically capped based on tax-filling-status--something no other calculator offers--**PERIOD**. 
* E-Mail Loan Summary, Total Costs, Amortization Table etc. to yourself or a friend. 
* Loan Term can be Years AND Months (not just Years). 
* Ability to Input "Other Tax Deductible Expenses".
* See Effective Monthly Payment (i.e. amount after Estimated Tax Savings). 
* See Monthly Payment broken down into various components (such as PITI, PITI + MI etc.) 
* See Total costs over 5, 7, etc. years, not just over life as other calculators do! Helps with making Purchase or Refinance decisions if you are not going to stay for the life of the loan. 
* Pick the date of the first payment and see not one, but ** TWO ** types of Amortization tables! A "Simple" Amortization table shows all the information in a compact table format which can also be e-mailed to yourself or a friend. An "Extended" Amortization table puts a lot of detailed information at your finger tips (See below) including the total interest paid in a particular year. This helps with Schedule A deductions. 


THE MOST COMPREHENSIVE "Extended" AMORTIZATION TABLE 
====================================================== 
# Results broken into Sections by year. 
# Jump to a year directly using an index similar to Apple's Contacts application. 
# See how much interest you would be paying in a certain year (for Schedule-A tax deduction calculations). 
# See Effective Monthly Payment for a Month (i.e. after tax savings). 
# See how much you could save due to tax benefits (in a year or in a month). 
# See Interest & Principle for a month. 
# See Cumulative Interest Paid & Principle Paid. 
# See Loan Balance Due.

## Key features

- 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

## What do users think of Loan Calculator & Tax Savings?

Overall sentiment: mixed

**Pros**

- 👍 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

**Cons**

- 🐛 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

**Commonly reported bugs**

- App crashes when clicking on 'Advanced'
- Condo/HOA monthly fee not carrying over to overall mortgage expense
- Sliders for points and other variables are too touchy/sensitive
- Interest rate jumps in 0.05 increments, making precise matching difficult
- Latest version destroyed UI and removed email functionality
- Third-party keyboards cause issues
- App does not recalculate when adding POA monthly charges or other charges
- App crashes a couple of times in a few minutes of usage
- Slider bar for interest rate is useless, jogging value by 0.25 to 0.5%
- Cannot purchase the app
- Ads can interrupt workflow and prevent going back to calculations
- Taxes are inaccurate and should be adjustable
- No ability to input a different interest rate and calculate the new term
- No ability to input a payment frequency
- No ability to calculate a term from a 'What If' scenario
- Changing the taxes has no effect on the payment
- Monthly tax cost never changes regardless of adjustments
- Bad default values for many fields
- When correcting fields, previous entries in other fields are forgotten
- App does not allow calculation for loans less than $20,000
- UI is hard to use

**Most requested features**

- Add ability to add additional principal payments
- Add ability to calculate potential savings and term reduction of additional amounts applied to principal
- Add ability to search more than one town at a time
- Add ability to change points with the number pad
- Add frequency of payments option (e.g., bi-weekly)
- Add ability to compare different time value mortgage payment schemes
- Add support for balloon payments and extra payments
- Improve UI and make it more intuitive
- Allow calculation for loans less than $20,000
- Fix bug with taxes and allow tax rate adjustment
- Fix bug where changing taxes has no effect on payment
- Fix bug where monthly tax cost never changes
- Fix bug where default values are bad and fields reset
- Fix bug where app crashes in 'Advanced' section
- Fix bug with Condo/HOA monthly fees not carrying over
- Fix slider sensitivity for points and interest rate
- Restore ability to email charts and figures to clients
- Allow adding more than one calculation
- Add dark mode option
- Add advanced analytics dashboard

## Recent user reviews (10 of 67)

All indexed reviews: https://appshunter.io/ios/app/loan-calculator-and-tax-savings/id320858775/reviews.md

### 5/5 — Excellent

*2019-02-15, version 2.5.5*

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

### 5/5 — The best app

*2017-01-17, version 2.4.7*

Very clean and easy to use.

### 5/5 — Great tool

*2016-12-24, version 2.4.7*

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.

### 5/5 — Super simple

*2016-10-07, version 2.4.7*

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.

### 5/5 — CFO

*2016-03-22, version 2.4.7*

Excellent

### 5/5 — Quick, Easy, Accurate!!!

*2016-01-07, version 2.4.6*

How nice it is to find a streamlined Mortgage Calculator App!!! When all the computer engineering geniuses are busy making apps so complicated with info we don't want or need so we quit using them...here is a little dream!!! Thank you😊

### 5/5 — Very useful

*2015-10-30, version 2.4.6*

Has all the data I need to make an informed estimate

### 3/5 — Pretty good

*2015-06-04, version 2.4.6*

I use this app all the time when trying to help figure payments for my clients. I only use it as an estimating tool ONLY.  They always get an exact payment from a loan officer. The one thing I don't like is when I try to add a POA monthly charge or any other charge it does not change the payment. I don't know why it doesn't recalculate.

### 5/5 — Hard to do business without it

*2015-04-26, version 2.4.6*

Great app with lots of thought put into it.

### 5/5 — Great

*2015-03-12, version 2.4.6*

Quick and easy.

## Frequently asked questions about Loan Calculator & Tax Savings

### 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.

## Version history (last 5 releases)

### 2.8 — 2020-09-20

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

### 2.7 — 2020-06-21

Fixed a layout bug in certain phones above version iOS 13.0

### 2.6.2 — 2020-04-08

Minor Fixes

### 2.5.9 — 2019-11-27

Fixed a few compatibility issues, a few crashes, and preparing for an overhaul. Alignment issues should be minimized if not gone.

### 2.5.7 — 2019-03-23

* Fixed a major crash introduced in the last version.

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*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 2026-07-30.*