# LoanMagic vs Loan Estimate

The clearest difference is rating: Loan Estimate at 5.0 against LoanMagic's 4.0. LoanMagic's advantage is ratings volume (4 vs 1) and iOS requirement (9.0 vs 18.5). On price, update cadence, ads and in-app purchases there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

Loan Estimate holds the better App Store score, 5.0 against 4.0. Both are backed by a comparable volume of ratings — 4 and 1 respectively.

Both ship on a similar rhythm, roughly monthly. The most recent releases landed on September 21, 2026 and October 13, 2026 respectively.

## The numbers

| Metric | LoanMagic | Loan Estimate |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.0 (4 ratings)](https://appshunter.io/ios/app/loanmagic/id1327566675/reviews) | **[5.0 (1 ratings)](https://appshunter.io/ios/app/loan-estimate/id6753036922/reviews)** |
| Number of ratings | **4** | 1 |
| Positive reviews | 0.0% of reviews | — |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | Monthly | Monthly |
| Monetization | Free | Free |
| Size | 123 MB | 3 MB |
| Requires iOS | **9.0** | 18.5 |
| Devices | **iPhone, iPad, iPod** | iPhone, iPad |
| Age rating | 4+ | 4+ |
| Developer | [DocMagic, Inc.](https://appshunter.io/developer/1327566674) | [NJC Software LLC](https://appshunter.io/developer/1657499547) |

## What reviewers say

### LoanMagic

[App page](https://appshunter.io/ios/app/loanmagic/id1327566675)

Manage your home loan from start to finish. Track real-time progress, securely share and sign documents, and communicate directly with your mortgage team. Stay organized and informed throughout the entire loan process.

**Highlights:** Real-time loan status updates, Secure document upload and sharing, In-app document signing, Direct messaging with mortgage team, Calendar integration for important dates, Encrypted file sharing via cloud services

**Features:** macOS Compatibility

**In-app purchases:** none


### Loan Estimate

[App page](https://appshunter.io/ios/app/loan-estimate/id6753036922)

This app helps you understand the impact of payment frequency, interest rates, and extra payments on your mortgage or loan. Compare different repayment scenarios and visualize amortization schedules to make informed financial decisions.

**Highlights:** Estimate installments, total interest, and payoff date, Review amortization schedules, Add one-time or recurring extra payments, Compare scenarios with and without extra payments, Adjust advanced settings for regional conventions

**Features:** macOS Compatibility

**In-app purchases:** none


## Frequently asked questions

### Is LoanMagic free?

LoanMagic is free to download, with no in-app purchases.

### Is Loan Estimate free?

Loan Estimate is free to download, with no in-app purchases.

### Which has better reviews, LoanMagic or Loan Estimate?

Loan Estimate is rated higher. LoanMagic averages 4.0 out of 5 from 4 ratings, while Loan Estimate averages 5.0 from 1 ratings.

### Do LoanMagic or Loan Estimate have ads?

Neither LoanMagic nor Loan Estimate shows ads.

### Which is updated more often, LoanMagic or Loan Estimate?

LoanMagic ships an update monthly, and Loan Estimate monthly. Most recently, LoanMagic was updated on September 21, 2026 and Loan Estimate on October 13, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*