Mortgage Analyzer Free app for iPhone and iPad


4.6 ( 896 ratings )
Utilities Finance
Developer: Nick Coleman, LLC
Free
Current version: 2.3.6, last update: 8 years ago
First release : 30 May 2012
App size: 25.1 Mb

Mortgage Analyzer Free:

Recognized by TabTimes.com as one of the "Best Consumer Tablet Applications" worldwide for Personal Finance. And, a finalist for the 2013 Tabby Award.

Mortgage Analyzer takes an easy to understand, single-page approach to helping you analyze how different loan options (Fixed Rate or ARM) or Payment Options can impact your mortgage. In fact, we designed the app with a believe you shouldnt have to be a finance professional to analyze your mortgage.

Mortgage Analyzer features include:
· Applying extra periodic, annual, and one time payments
· Chart showing the difference between the mortgage payoff with and without extra payments
· Amortization Table showing how the mortgage is amortized over the life of the loan
· Setting Adjustable Rate Mortgage criteria to what may happen over the life of the loan
· Save your analysis so you can reload it later
· Remove an analysis (Swipe Right to Left across name in Load popup)
· Export your analysis results via Email
· Works on your iPad, iPhone, and iPod

The iPad version fits on a single screen and is designed to be intuitive to use with onscreen help for every field and color coded functional areas to help you easily navigate the tool.

The iPhone version use a similar intuitive interface but uses multiple screens because of the iPhones smaller screen size.

Pros and cons of Mortgage Analyzer Free app for iPhone and iPad

Mortgage Analyzer Free app good for

there should be a choice of weekly/biweekly etc. should be able to print otherwise, i do like calculator this and would be prepared to pay to unlock a premium version
Very feature rich calculations - but it seems to crash after each change to your input values - when you start it up again it works but this crash is annoying.
Very easy to adjust and see results. Something everyone with a mortgage should use. Very enlightening.

Some bad moments

The application works as expected for monthly calculations, however it does not have a function to set bi weekly/semi monthly payments. For this reason, the app is not very useful. Hopefully in the next revision it will have some of those basic functions.
It was a awesome app until it started closing every time I hit the "calculate" button.
I downloaded at least 5 apps before I finally found this one. It is much more flexible and provides a chart with when it is intended to be paid off and how much faster it will with the additional payments.
Its very helpful and easy to use. Straight forward for changing variables especially for a mortgage refinance, benefits on additional payments and impact on early payoff.
App has some very cool features like graphing and extra payments but is missing important fields like down payment, taxes and homeowners insurance which are essential for figuring out what you will REALLY be paying each month.
The update was useful. We have 6 saved now. How do we edit saved ones or delete them?

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