# Mortgage Calculator™ — Extra Payments Save You Money

> Mortgage calculator for saving money with extra payments and 'what-if' scenarios. (iPhone/iPad app by MH Riley Ltd.)

- Source: https://appshunter.io/ios/app/mortgage-calculator/id409695797 (this page in markdown: same URL + `.md`)
- Developer: [MH Riley Ltd](https://appshunter.io/developer/409695800)
- Category: Finance, Business
- Price: $1.99 with in-app purchases
- Rating: 4.70/5 from 139 App Store ratings · 174 written reviews indexed
- Age rating: 4+
- Requires: iOS 12.1 · 32 MB
- Languages: American English, European Spanish
- Released: 2010-12-18
- Data updated: 2026-09-07
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/mortgage-calculator/id409695797/reviews.md

## What is Mortgage Calculator™?

*** SALE NOW ON - 50% off ***

*** Featured in the Sunday Times App List 2012 *** 

*** Featured as 'What's Hot' by Apple ***

'Mortgage Calculator' has one aim - To SAVE YOU MONEY on your mortgage!

If you're buying a house, looking to re-finance, or simply want to make the most of your existing mortgage, then this is the perfect app for you.

Try out various 'What-If' scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total loan length and cost go down. You may be surprised by just how much!

Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.

5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier." 

5-Stars - "...really helped me to compare the different mortgage deals" 

*** Highlights ***
--------------------
Specially designed for the US market:

√ See effect of regular or one off Extra Payments
√ Variable Rates support
√ Calculate the 'True Cost', by including Tax etc
√ Takes into account PMI
√ Try out various 'What-If' scenarios
√ Email a PDF or HTML of the loan details
√ Support for ARM 3/1, 5/1, 7/1 mortgages
√ Charts allow easy visualisation of the costs
√ Make an informed choice by comparing loans
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface

*** Quick Calculators ***
-----------------------------
Super quick calculators for instant answers:

√ How much can you afford to borrow?
√ Monthly Payments
√ Money Saving Effect of Extra Payments
√ Cost of Moving House

*** Analyse & Compare ***
---------------------------------
Visualise mortgage costs in simple, easy to understand charts:

√ Store details of multiple mortgages
√ Easily see the costs for each year with a slide of the finger
√ Try out various 'What-If' scenarios
√ Extra payments can 'Reduce Term' or 'Reduce Payments'
√ Include Tax, Insurance, PMI in the payments
√ Support for 'Repayment' or 'Interest Only'
√ Monthly breakdown of costs (Amortization)
√ Compare up to 4 mortgages side by side
√ Support for ARM 'Initial Rates' e.g. 4% for 3 years

*** Voted #1 Property App - upack.com ***
---------------------------------------------------
"The strongest arrow in its quiver is the way it handles hypothetical situations, letting you analyze all manner of mortgage-related queries, such as how much you can afford to borrow, and a variety of other what-if scenarios..."

Note that multiple currencies are supported!

## Key features

- 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

## Pricing and in-app purchases

Base price: $1.99.

**One-time purchases**

| Purchase | Price | Type |
| --- | --- | --- |
| Branding License | $39.99 | one-time |


## Chart rankings

- #101 in Top Paid · Finance (US App Store)

## What do users think of Mortgage Calculator™?

Overall sentiment: positive

**Pros**

- 🚀 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

**Cons**

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

**Commonly reported bugs**

- Inability to enter extra payments
- Incorrect years saved calculation for some users
- Compatibility issues with newer iOS versions

**Most requested features**

- Ability to save and load multiple mortgage scenarios
- Option to email or share mortgage calculations
- Integration with banking/financial accounts
- Amortization chart with date-based view

## Recent user reviews (10 of 174)

All indexed reviews: https://appshunter.io/ios/app/mortgage-calculator/id409695797/reviews.md

### 5/5 — Best mortgage App

*2025-08-10*

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

**Developer response:** What lovely feedback - thank you! We are so pleased it is working well for you. If you find you need any additional information, please contact our support: support@mhriley.com

### 5/5 — Extremely helpful and a great reminder

*2025-06-03*

Great to remind you to stick to your goal long term to pay off the house. Keeps you motivated and gives you clear pic on how the future payments can look.

**Developer response:** Thank you for your feedback. We are pleased to hear that the app is helping to keep you motivated:) Best wishes!

### 5/5 — Excellent app

*2025-03-13*

Very handy app to help you calculate payments over years and total amounts you would pay. Really useful to compare mortgages and work out best deals for you.

**Developer response:** Thank you so much for your feedback. We are so pleased you are finding it useful. If you find you need any info about the app along the way, please contact us at support@mhriley.com where we will be happy to hear from you! Best wishes!

### 4/5 — Great

*2024-10-09, version 2.8*

A lot of features and easy to use

### 5/5 — Better than excel

*2024-06-24*

This app works well to find out how much interest will be charged and how much is spent at any given time during the life of a mortgage. I also use it for comparison shopping.

**Developer response:** Thank you so much for your feedback! We are really pleased to hear that the app is working well for you:)

### 5/5 — Great App for Remortgaging

*2024-04-20*

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.

**Developer response:** Thank you so much for your feedback - we really appreciate it:)

### 5/5 — Awesome

*2024-03-10, version 2.8*

Better than Mortgage+ now that it’s busted

### 5/5 — Enjoy this

*2024-03-09*

This is great to compare refinance options and see the impact of making additional principal payments toward goals. Definitely shows you visually the amortization breakout.

**Developer response:** Thank you for your review - I am pleased it is working well for you!

### 5/5 — Great app

*2024-01-21*

The options for the different extra payments throughout the life of the loan makes this app the best I’ve found.

**Developer response:** Great! We are so pleased to hear you are finding the app useful! f you do find you'd like extra info about the app along the way, please email us at support@mhriley.com where we'll be happy to hear from you. Best wishes:)

### 5/5 — Hooray ! ..Years & Months !

*2023-08-24*

So glad i found this App ! Only used it for a couple of weeks .. easy to use.. It does years & months for a more accurate projection. I’m able to compare different rate/overpayment scenarios & have achieved some enlightening results.  Various info is shown via easy to read charts, diagrams, and month-by-month lists, eg. showing proportion of payment as capital & interest. Finding the App helpful & informative. Fab.

**Developer response:** Thank you for your feedback! We are so pleased you are finding the app useful:)

## Frequently asked questions about Mortgage Calculator™

### 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.

## Version history (last 5 releases)

### 2.8 — 2021-12-08

iOS 15 optimizations
Face ID/Touch ID Support

### 2.7 — 2018-02-11

This app has been updated by Apple to display the Apple Watch app icon.

iPhone X Support
iPhone 6/6 Plus Support
Fix occasional crash

### 2.6.1 — 2015-08-20

Version 2.6.1 is a bug fix release:

- Fix a problem with the Branding Licence upgrade
- Fix a problem switching the Arrangement Fee to be 'Add to Loan'

Version 2.6 has the following new features and fixes:

- UI has been optimised for iOS 7/8 
- PDF report has been enhanced, and can now be previewed and printed via AirPrint
- Branding feature allows personalisation of PDF report with company name, logo and details
- CSV Output
- Touch Id option (turn passcode off and on again to activate it)
- Updated Stamp Duty calculations
- Copy existing mortgage by pressing and holding on it
- Added 'Rate' to HTML report
- Option to show amortisation before chart
- Extra Costs marked as 'Pay Upfront' now appear in 'Total' figure
- CMHC option for Canadian users
- Fixed problem with blank PDFs
- Fixed problem with 'Joint' lending criteria

### 2.6 — 2015-07-28

Version 2.6 has the following new features and fixes:

- UI has been optimised for iOS 7/8 
- PDF report has been enhanced, and can now be previewed and printed via AirPrint
- Branding feature allows personalisation of PDF report with company name, logo and details
- CSV Output
- Touch Id option (turn passcode off and on again to activate it)
- Updated Stamp Duty calculations
- Copy existing mortgage by pressing and holding on it
- Added 'Rate' to HTML report
- Option to show amortisation before chart
- Extra Costs marked as 'Pay Upfront' now appear in 'Total' figure
- CMHC option for Canadian users
- Fixed problem with blank PDFs
- Fixed problem with 'Joint' lending criteria

### 2.5 — 2012-02-29

Version 2.5 of Mortgage Calculator has a few new features and some fixes: 

New Features 
============= 
* Comparison can now be exported as a PDF document
* Some UI enhancements

Fixes 
====== 
* Fixed problem with date being displayed incorrectly when viewing the breakdown 'Yearly'.
* Fixed problem with Passcode getting set incorrectly
* Various nips and tucks

------------------------------------------------ 

If you like Mortgage Calculator, PLEASE consider rating it. You can do this very easily from the 'Settings' tab within the app. Just tap on 'Feedback' and choose 'I like it!'.

For all queries or issues please email support@mhriley.com. We will always try to reply promptly. 

Many thanks for your support!

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## More apps by MH Riley Ltd

- [Loan Calculator +](https://appshunter.io/ios/app/loan-calculator-plus/id443673909)
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All apps by MH Riley Ltd: https://appshunter.io/developer/409695800

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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 2026-09-07.*