Mortgage loans and EMIs drain a large part of your monthly income. A small extra amount you throw into a monthly payment makes a massive difference in the long run. So, a well-defined repayment plan can help save a lot of A new age mortgage app does much more than EMI amount calculation.
In this article, we list some best mortgage calculator apps that provide something more than the usual.
Karl’s Mortgage Calculator
You can add ten different payment schedules. Also, there is space for monthly extra payments. With this app, you can calculate EMI as daily, weekly, or yearly compound interest.
Pros
- Fixed and ARM calculation
- Support multiple languages
Cons
- UI is not customizable
- Contains Ads
Key Features: Supports Fixed and ARM loans | 5 Different interests | 10 extra payment amounts | multiple time period.
Download: iOS |Android (Free, In-App Purchases)
U.S. Mortgage Calculator
The U.S. mortgage calculator generates a detailed payment schedule and report, which you can download and share. You can also calculate mortgage payment using the U.S. Mortgage Calculator website if you do not want to download their app.
Pros
- Easy to use
- Quick mortgage calculation
- Multiple payment scenarios
Cons
- Cannot track multiple mortgages
Key Features: Tax information | Payment Schedules | Reports
Download: iOS | Android (Free App)
Loan Calculator Pro
Calculations are done instantly as you enter values. With this app, you can save estimates and export loan information via email.
Pros
- Family Sharing
- Easy to use
Cons
- Difficult to add additional payment
Key Features: Instant calculation | Extra payment calculation | Connect email.
Download: iOS ($0.99)
Mortgage Calculator
The Mortgage Calculator app allows you to import loan details from email and also add payment details. You can print or save amortization as a PDF.
Pros
- Easy to use
- Fast
- Add payment details
Cons
- Placement of Ads
Key Features: Add payment details | Import and export from email | Fast calculation.
Download: Android (Free with ads)
Mortgage Home Loan Payment Calculator
The mortgage home loan payment app comes with ads, and if you want to export or import data, purchase the pro version.
Pros
- Add miscellaneous expenses
Cons
- Download another app for pro features
Key Features: Add extra expenses | Reverse calculation option.
Download: Android (Free, Premium)
Mortgage Payoff Track
Mortgage Payoff Track app allows you to track extra payments. You can calculate with an extra payment at any point of your loan. That too for different interest rates. With the Mortgage Payoff Track app, you can import loan data from other sources. You can get data from Email, Google Drive, Dropbox, and all. The app also allows the importing of CSV files from the device.
The free version of the app comes with in-app purchases. The iOS version supports the Family Share option, with compatibility for six people.
Pros
- Pie chart and line chart visualization
- Import CSV files
- Family sharing
Cons
- No delete option for already added loans
Key Features: Pie chart | Line chart | Import files from drive and email | Supports CSV.
Download: iOS | Android (Free, In-App Purchases)
Easy Mortgages
Easy Mortgage Calculator generates a report of monthly payments. It breaks down the payments and changes with an extra amount. This data can be download and shared as HTML or CSV files.
The free app allows you to track multiple mortgages and comes with password-protected access.
Pros
- HTML and CSV support
- Track multiple loans
Cons
- Only monthly calculation available
Key Features: Supports CSV and HTML formats | Instant calculation.
Download: iOS (Free)
EZ Financial Calculators
Loan repayment data generation works with different variables and multiple mortgages. Loan data can be imported and exported in various formats via email.
All features of the Financial Calculators app other than currency conversion works without the internet.
Pros
- Complete Financial calculator
Cons
- Larger size due to multiple functions
Key Features: Works offline | Complete financial calculator.
Download: iOS | Android (Free, Premium)
Related: 3 Best Money Management Apps for Android and iPhone
Mortgage Calculator by QL
With this app, you can calculate loans in four ways. The app can calculate monthly payments, extra payment options, maximum affordable loan amount, and differences with refinancing.
Pros
- Four-way loan calculation
- No ads
Cons
- Cannot add multiple extra payments
Key Features: Four-way calculation | Simple UI.
Download: iOS | Android (Free)
Mortgage
The Mortgage app allows calculation with different payoff schedules. You can see daily, weekly, and bi-weekly payments for the loan. This app also contains an extra line to calculate the amount with inflation.
Pros
- Multiple time frame
- Add inflation changes
Cons
- Difficult to use
Key Features: Extra payment option | Multi time frame | Calculate with inflation changes.
Download: iOS ($1.99)
Choosing the right mortgage calculator app for your purpose entails many factors. You can pick the apps based on your need. If you are only looking for home mortgage loans, some simple apps would do it. For more stuff, like loan tracking, there are some well-packed apps as well.
