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Mortgage Calculator™

Mortgage Calculator™

Extra Payments Save You Money

141 ratings
188 reviews
#108 in paid Finance
💼 Business
💰 Finance
$1.99
In-App Purchases

Details

Released
December 18, 2010
Updated
December 8, 2021

Developer

MH Riley Ltd
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Mortgage Calculator™ screenshot #1 for iPhone
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Mortgage Calculator™ screenshot #4 for iPhone
Mortgage Calculator™ screenshot #5 for iPhone
iphone
ipad
🧾$39.99
In-App Purchase↘︎
📈no. 108
Charts↘︎
📌Ready
Reviews summary↘︎
⭐188
Reviews↘︎
📝3+ tags
Tags↘︎
🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
Updates frequency↘︎
🖼️Get Icon
Icons↘︎

About

This app helps you save money on your mortgage by simulating 'what-if' scenarios with extra payments. Visualize cost savings with interactive charts and compare different loan deals to make informed financial decisions.

✓Simulate extra payment scenarios
✓Visualize cost savings with charts
✓Compare multiple mortgage deals
✓Calculate affordability
✓Support for ARM mortgages
✓Email loan details
✓Backup and restore via Dropbox
Show original description

What users say about Mortgage Calculator™

Reviews of Mortgage Calculator™ are mostly positive: the Finance app is rated 4.7/5 from 141 App Store ratings. What users like most: flexible mortgage calculations, intuitive and easy to use. Top complaints: issues with taxes and insurance calculations, bugs and glitches in certain scenarios. Summarized from real user reviews.

Positive things

  • 🚀Flexible mortgage calculations
  • 👍Intuitive and easy to use
  • 💡Helpful for comparing mortgage options
  • 🚀Accurate and detailed projections
  • 👍Visually appealing charts and graphs
  • 💡Ability to track extra payments and their impact

Negative things

  • 🐛Issues with taxes and insurance calculations
  • 🐛Bugs and glitches in certain scenarios
  • 🔍Limited customization options
  • 🔍Lack of rental income calculation feature
See all reviews

What's New in Mortgage Calculator™

2.8

December 8, 2021

iOS 15 optimizations Face ID/Touch ID Support

1

Subscriptions & In-App Purchases

$39.99

Branding License

Enable the ability to enter company details and logo. The company name will be displayed at the top of the My Mortgages screen, and the company details and logo will be displayed on the header of the PDF report pages.

More

Charts

Top Paid

📈 108+18

Finance

This app rose +18 positions in Finance chart.

Last updated on November 3, 2026.

User reviews

Most RecentHighest RatedLowest Rated

Nice and simple

A nice quick easy app to use, very nice. Thank you
MMoleywoley2011

Great App for Remortgaging

I used this a year ago to calculate various mortgage deals I was being offered. It allows you to calculate monthly costs for the life of the mortgage and see how your balance changes over time.
FFarrandes

Awesome

Better than Mortgage+ now that it’s busted
SSicRick01

Nice tidy app!

Used it years, simple and effective!
BBBwana Banana

Best mortgage App

I have tried most of the mortgage apps for IOS and this one gives you more flexibility with your payoff strategies.
TTrappStar27
See 183 more reviews

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User experience

🐞

Reported Bugs

3 issues

Inability to enter extra payments

Bug

Incorrect years saved calculation for some users

Bug

Compatibility issues with newer iOS versions

Bug
✨

Requested Features

4 requests

Ability to save and load multiple mortgage scenarios

Feature

Option to email or share mortgage calculations

Feature

Integration with banking/financial accounts

Feature

Amortization chart with date-based view

Feature

FAQ

What does this mortgage calculator app do?

This app is designed to help users save money on their mortgages. It allows you to simulate various 'what-if' scenarios, particularly focusing on how extra payments can reduce the total loan length and cost. You can also use it to compare different mortgage deals and make more informed financial decisions.

What are the key features of the mortgage calculator?

Key features include the ability to see the effect of regular or one-off extra payments, support for variable and ARM rates, calculation of the 'true cost' including tax and PMI, and interactive charts for visualizing cost savings. It also offers quick calculators for affordability and monthly payments, and the ability to compare up to four mortgages side-by-side.

Is this app free to use?

The application is available for free with in-app purchases. While the core functionality is accessible, certain advanced features or options might require an in-app purchase to unlock.

What kind of mortgages does this app support?

The app is specially designed for the US market and supports various mortgage types. This includes ARM mortgages like 3/1, 5/1, and 7/1, as well as support for 'Repayment' or 'Interest Only' loans. It also accounts for variable rates and initial rates for ARMs.

How can I use this app to compare mortgage deals?

The app allows you to store details of multiple mortgages and compare up to four of them side-by-side. You can visualize the costs for each year with interactive charts and easily see the impact of different scenarios, such as extra payments, to make an informed choice between various loan options.