Great app for 1 house at a time. This app is excellent, and does everything it's supposed to while looking good and being intuitive. I particularly like that they have definitions for certain housing market words like what is PMI? The only draw back, and therefore only reason it doesn't get 5 stars, is that it only works with input for a single property. You can't have two like in some apps and compare.
Simply awesome By far the best Android mortgage calculation app. Super advanced features. No annoying ads (none at all, only recommends you to get a loan on its own tab). Very easy to use! Calculates principal, interest, PMI, taxes, and has great charts! PLUS a year by year breakdown of where every dollar is being distributed and the remaining principal balance! Thanks a ton, developers :-)
Simple to use This app did just what we wanted. We were able to input actual loan data and origination dates to see how much faster we could pay our loan off. For example $100 extra per month principle starting the actual date (even though it was a few years ago) combined with a one time $ payment. Most apps/calculators do one or the other. The amortization chart was spot on. It would be nice to save multiple properties or scenarios...but not necessary.
Not recommended Does not recognize that someone can buy a property 50% below FMV without it being calculated in the down payment
This app gives users the closer transaction cost in a real situation. Extra expenses and fees features tune to perfection actual cost. Does not overwhelm users with packed advertising.
It must update FHA bases Overall, this is an effective mortgage calculator app. The devs should update the FHA related factors including those for PMI. When this is done I'd give the app six stars if I could.