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Mortgage Analyzer Free

Mortgage Analyzer Free

by Nicholas Coleman

27 ratings
71 reviews
🔧 Utilities
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

Released
May 30, 2012
Updated
July 13, 2016

Features

Developer

Nicholas Coleman
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Mortgage Analyzer Free screenshot #1 for iPhone
Mortgage Analyzer Free screenshot #2 for iPhone
Mortgage Analyzer Free screenshot #3 for iPhone
iphone
ipad
🧾$0.99
In-App Purchase↘︎
📌Ready
Reviews summary↘︎
⭐71
Reviews↘︎
🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
Updates frequency↘︎
🖼️Get Icon
Icons↘︎

About

Analyze mortgage options with a single-page, intuitive interface. Compare fixed-rate and ARM loans, explore payment strategies, and visualize payoff differences. Designed for ease of use without requiring finance expertise.

✓Compare Fixed Rate and ARM loans
✓Apply extra payments (periodic, annual, one-time)
✓Visualize payoff differences with charts
✓View amortization tables
✓Set ARM criteria
✓Save and export analyses
✓Intuitive single-page iPad interface
Show original description

What users say about Mortgage Analyzer Free

Reviews of Mortgage Analyzer Free are mixed: the Finance app is rated 4.1/5 from 27 App Store ratings. What users like most: easy to use, visualizes payoff scenarios. Top complaints: crashes frequently, not compatible with latest OS. Summarized from real user reviews.

Positive things

  • 👍Easy to use
  • 📈Visualizes payoff scenarios
  • 🧮Calculates overpayments
  • 📧Exports results via email
  • 💾Saves different scenarios
  • 📊Presents results in table/graph
  • 💡Useful for clients/brokers
  • ✅Replaces spreadsheets
  • 💰Motivates extra payments
  • 🎯Accurate calculations
  • ⚡Fast and clean interface

Negative things

  • 🐛Crashes frequently
  • 📉Not compatible with latest OS
  • 🗑️Loses saved calculations
  • 💸Paid version not working
  • ❌No interest-only mortgage option
  • 🔄Inconsistent with OS updates
  • 🎛️Limited loan type options
  • 📅Dates not displayed in amortization
  • 🚫Pro version only removes ads
  • ✉️Unresponsive support team
  • ⚠️Data loss on upgrade
  • 📊Overpayment results limited
  • ❌No PMI/taxes/insurance fields
  • ⚠️Interest rate rounding issues
See all reviews

What's New in Mortgage Analyzer Free

2.3.6

July 13, 2016

This app has been updated by Apple to display the Apple Watch app icon. - new ad provider - bug fixes

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1

Subscriptions & In-App Purchases

$0.99

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User reviews

Most RecentHighest RatedLowest Rated

Sad

Sadly, since I upgraded my OS, it no longer works. It acts like it starting and then cuts off…
DDaAtlCritic

Fails To Open

The paid version does not appear to be compatible with latest iOS. It fails to open and all data entered is lost. The app should be removed or the option to charge customers for removing the adds, removed as it’s not fit for purpose.
HHoskinm

very useful

Had this app for a number of years but have only just got around to writing a review. It gives lots of useful info, is easy to use and will present results in either a table or graph format. My only criticism is that it will not give you the option to present overpayment results in a way that reflects a reduction in monthly payments , as well as a reduction in mortgage term.
Show more
MMidmidmid

No interest only mortgage calcs

Seems like decent app but does not have an option for interest only mortgages. Pity really as many landlords take out interest only mortgages and then make additional voluntary payments.
MMonkeyboysdad

Best mortgage app around

Clean fast app. Does everything you need and more! 5*
RRMCJonny
See 66 more reviews

Developer apps

Mortgage Analyzer AI
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(1)

Free
With Ads
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User experience

🐞

Reported Bugs

13 issues

No longer works after OS upgrade

Bug

Fails to open after OS upgrade

Bug

App blanks off constantly

Bug

Paid version discontinued/not working

Bug

Loses saved calculations

Bug

Crashes after iOS 9 update

Bug

Locks up when changing mortgage type

Bug

Crashes when altering start date

Bug

Advert at bottom makes app unusable

Bug

App does not work properly with iOS 8

Bug

Crashes when trying to save data

Bug

App crashes every time 'calculate' button is hit

Bug

Interest rate rounding issues leading to incorrect calculations

Bug
✨

Requested Features

8 requests

Option to present overpayment results showing reduced monthly payments and term reduction

Feature

Interest-only mortgage calculations

Feature

Include PMI, taxes, and homeowners' insurance fields

Feature

Option to pay twice per month

Feature

Ability to edit or delete saved calculations

Feature

Add cumulative interest on a monthly basis

Feature

Choice of weekly/bi-weekly payment options

Feature

Ability to print calculations

Feature

FAQ

What does Mortgage Analyzer Free do?

Mortgage Analyzer Free helps you analyze different mortgage loan options, such as fixed-rate or adjustable-rate mortgages (ARM), and explore how various payment strategies can impact your loan payoff. It provides tools to compare scenarios and understand your mortgage's amortization.

What are the key features of Mortgage Analyzer Free?

Key features include the ability to apply extra periodic, annual, and one-time payments, a chart showing payoff differences, an amortization table, setting ARM criteria, saving and exporting analyses, and an intuitive interface designed for ease of use.

Is Mortgage Analyzer Free really free?

The app is available for free and offers core functionality for analyzing mortgages. However, like many apps, it may offer additional features or advanced capabilities through in-app purchases, allowing users to expand its functionality if desired.

What devices is Mortgage Analyzer Free compatible with?

The application is designed to work on Apple devices, including your iPad, iPhone, and iPod. The interface is optimized for each device, with the iPad version offering a single-screen layout and the iPhone version utilizing multiple screens due to its smaller display.

Who would benefit from using Mortgage Analyzer Free?

Anyone considering a mortgage or looking to better understand their current loan would benefit. It's particularly useful for those who want to compare different loan types, explore the impact of extra payments, or visualize their loan's amortization schedule without needing to be a finance expert.