Mortgage Calculator vs HouseMath

SEE WHAT THE HOME COULD COST Enter the home price, down payment, interest rate, and loan term to estimate your monthly mortgage payment. Add property taxes, insurance, PMI, and other expenses to see a more complete picture of your monthly costs. COMPARE BEFORE YOU DECIDE What if another lender offers a lower rate? Or you negotiate a better price? Save and compare mortgage plans side by side. See how each option affects your monthly payment, interest, and total cost. KEEP YOUR HOME PLANS TOGETHER Save your calculations, notes, and photos in one place. Update the numbers when things change, and pick up right where you left off. Mark your favorite plans to keep them close. MORE WAYS TO PLAN Explore the details that matter to you: - Affordability: Estimate how much home you could afford based on your income, debts, and budget. - Shared Costs: Split the down payment, mortgage, and expenses with anyone contributing. - Extra Payments: See how additional payments could save interest and help pay off your mortgage sooner. - Refinancing: Compare your current mortgage with a new loan to explore potential savings. - Amortization: See how each payment affects your principal, interest, and remaining balance. - Rental Income: Include rental income in your monthly housing cost estimates. - Widgets & Shortcuts: Get quick access to your mortgage plans and calculations. YOUR NUMBERS. PRIVACY FIRST. Your calculations happen on your device, offline. No account required. With iCloud, your plans sync across your Apple devices. START PLANNING FOR FREE Download for free and save up to three home plans. Upgrade whenever you need more flexibility to remove limits on saved plans and other features. Available on iPhone, iPad, Mac, and Apple Vision Pro. ==================================== FEEDBACK & SUPPORT Questions or feedback? Contact me at hello@bricks.pe ==================================== Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://www.bricks.pe/privacy.html

HouseMath answers the three questions that actually matter when you are buying a home: what will it cost me every month, how much house can I afford, and am I better off buying at all? THREE CALCULATORS Mortgage works out the real monthly cost of a specific house. Principal and interest is only part of it. The property tax, home insurance, mortgage insurance and HOA dues are what turn a cheap-looking loan into a real payment. Affordability works the other way round. Enter your income, your existing debts and the cash you have for a down payment, and it solves for the most expensive house that still fits inside a lender's debt-to-income limit. It shows its working, so you can see how your income caps the loan and the down payment sits on top. Growth compares what your cash could become. Buy a home to live in, or rent and put the difference into stocks or gold, and see where each leaves you in five to thirty years. You can model a refinance too. THE WHOLE PAYMENT Principal and interest, property tax, home insurance, PMI and HOA broken out separately, with a bar showing the real proportions at a glance. REAL AMORTIZATION A complete schedule, by year or by month, with principal, interest and remaining balance for every payment. Charts show the crossover where you finally start paying down more principal than interest, and what the loan costs in total. LOCAL ESTIMATES FROM YOUR ZIP Property tax, home insurance and home price growth are all estimated for your state. Tax is the rate a new buyer actually pays on the purchase price, not the published average that assessment caps distort. Insurance is priced off rebuild cost, because policies cover the structure and not the land. Mortgage tax and insurance estimates can be overridden; Growth tax and home-price growth are editable. PMI HANDLED PROPERLY Below 20% down, mortgage insurance is added automatically at a rate based on your loan-to-value, and switches off again the moment you cross 20%. Or take manual control and set it yourself. The schedule shows the month it drops off at 78% LTV. BUILT ON REAL DATA Growth projections use thirty years of market history: FHFA state house price indices, S&P 500 returns, Treasury yields, World Bank gold prices and CPI. Every rate is shown and every one can be edited. CURRENT RATES Opens with a recent Freddie Mac survey rate and refreshes in the background, so it is current when you have signal and still works when you do not. PRIVATE BY DEFAULT No account, no sign-up, no analytics, no tracking, no ads. Your figures stay on your device and are never sent anywhere. ABOUT THE ESTIMATES Tax and insurance figures are statewide approximations held flat over the life of the loan, and your lender's numbers will differ. The affordability result is a debt-to-income guideline, not a pre-approval. Growth projections apply historical averages evenly forward; markets do not move in straight lines, so they are a projection rather than a prediction. HouseMath is an estimating tool and does not give financial advice.