Mortgage Calculator – The Amortizer
Mortgage Calculator – The Amortizer is a great app if you are looking to purchase a new house or thinking of refinancing your property. The app, priced at $1.99, lets you figure out what loans fits your pocket while you are on the move.
The app is pretty simple to use, tap the ~ez_lsquo+ez_rsquo~ button from the upper right corner of the window, fill out the information required and calculate the cost of the loan. Besides calculating the actual mortgage cost, you can get a more accurate number by adding your escrow.
The loan breakdown provided by the app includes the total amount to be paid on the loan, total interest to be paid on the loan, as well as the EMI. Another interesting feature of this app is that it creates the PDF file of the loan information that can be emailed to everyone.
Overall, the app is very easy to use but unfortunately it does not calculate the cost to refinance a loan. Having said that, I’d still encourage you to check out this application.
Download Link - Free
Download Link (Full Version) - $1.99