Mortgage Calculator Reviews

You can program excel to do the same basic calculations. Go online figure out how to compute a mortgage rate and place it in excel. MortgageCalculator is so sample that a free version is 1000 times better. The maker just want to rip you off of a couple bucks.

Needs to have monthly amortization breakout for principle and interest and balance. Missing option to add yearly totals for taxes and insurance for total monthly payment. If this were updated I would rate 5. Yearly amortization is pretty useless when comparing to your current loan. No banks that I know of break it out that way. These are easy fixes, I’m rooting for you. Love the add free and simple design.

Does not have the option for info if I were to pay extra towards the principal each month to see how much I could save in interest and how much I could lower the length by doing so.

This is just Principle and Interest, does not calculate your taxes, PMI, etc. you are not getting the whole picture for your mortgage payments.

So I just downloaded MortgageCalculator and entered my loan amount for the house and it’s showing similar numbers compared to what my bank has provided to me. I just wish it had the ESCROW option also available. But it doesn’t. ;(

Great simple app but really needs a Property tax field, to properly calculate your mortgage. Otherwise it’s the same app as his auto app, just different color and icon.

Please fix this issue for me. I will keep your app in the mean time.

Love the looks and simplicity of MortgageCalculator , but it is lacking in features a bit. I would like to see an amortization schedule without extra payments AND another one with extra payments (that you can easily adjust). Or, for simplicity - a page that just shows the amortization schedule of the loan, and another page that shows how much quicker it could go down with extra monthly payments of 50/150/250 or even making "1" (or more) extra payments a year. Also, would like to see the ability to add PMI/property tax/homeowner insurance to the payment!

Simple. The only major inputs are loan amount, loan duration, interest rate, and extra payments.

Gives monthly payment and amortization schedule.

Initially, I thought that I wasn’t getting much for my money. Then I realized that I was using it for every real estate deal that I analyzed. So, it has been a very good value.

A simple suggestion would be to add purchase price and down payment %, which would be one frequent calculation that I do to get to the loan amount input. I can do that in my head but it is one more thing that I could mess up.

Appreciate the communication by the developer.

I sent a question to Adam and received a detailed explanation with graphics within the hour. The function I was looking for is already built into the program and Adam walked me through the steps to access it.

Finally a no-frills, no-advertisement app for calculating mortgages. Worth the price just not I have to see annoying ads.

Just one suggestion: add boxes where I can put in property tax and insurance so I can get a good estimate of what my payment would be.

This is an amazing app! I love how you can customize your quotes with your logo and colors. App is clean and easy to use. Definitely recommending to all my friends in Real Estate. So happy I found MortgageCalculator!

Very useful and simple to use with advanced features. Five stars but would love an interest only calculation. I use this frequently for real estate clients to quickly analyze PITI on the fly. Thanks!

It’s simple to use, straight forward and very handy. It’s been a big help for me...
I love it

I was looking for a simplistic and clean app that could quickly produce an amortization schedule, and MortgageCalculator is great. I especially like the fact that you can factor in extra payments and play with different scenarios.

I would love to see a future update of MortgageCalculator include the ability to view the amortization schedule on a per payment basis rather than just annually, but this is still a great app.

Love MortgageCalculator! It's awesome