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Mortgage Plus - Home affordability calculator for Android

By Digitalchemy Free

Developer's Description

Gain control of the home finance process with the Mortgage Plus - Home affordability calculator.

After entering your data you will be able to:

Estimate the total and monthly principal and interest mortgage payments over the life of the fixed-rate loan

See the detailed amortization schedule

Define if you can qualify for a loan and what house is affordable to you given the gross income, debt-to-income ratio, and other parameters.

All the mortgage and real estate terms are explained in case you're a first-time homebuyer or new to the subject.

Mortgage calculator

Simply move the sliders of property value, down payment, loan amount, interest rate, loan term, or monthly payment and instantly see the whole picture. All the indicators adjust to the entered values, so you can recalculate any variables and see how they affect other numbers.

Home affordability calculator

Judging by the gross income and current debt payments, the app defines the debt-to-income ratio which lenders consider when deciding on the loan conditions. When you add the information about the amount or percentage of your planned down payment, your interest rates, and the loan term, you can get a clue on what house you can afford and what mortgage you qualify for.

Check your credit score with CreditKarma and get real-time interest rates from the Bankrate without leaving the app.

Full Specifications

What's new in version 1.0.1

General

Release July 17, 2020
Date Added July 17, 2020
Version 1.0.1

Operating Systems

Operating Systems Android
Additional Requirements Requires Android 5.0 and up

Popularity

Total Downloads 0
Downloads Last Week 0
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