For many people, purchasing a home is one of the biggest financial investments they will make in their lifetime. With so many different factors to consider, it can be difficult to determine exactly how much you can afford to spend on a new home. Luckily, there are a variety of mortgage calculator apps available for Android devices that can help you crunch the numbers and make more informed decisions about your home buying journey. In this article, we’ll explore some of the best options available and what features they offer to help you find the perfect app for your needs.
10 Best Mortgage Calculator App Android
Below is a compiled list of 10 Best Mortgage Calculator App Android for your consideration, which have undergone rigorous testing and evaluation by our team of experts.
1. Financial Calculators
The complete package of financial calculators by Bishinews is included in this application for phone and tablet. The app allows the list of calculators to be edited and prioritized for easy access. The results of calculations can be sent to others via email, and financial professionals can email quotes to their clients. There are no hidden charges or in-app purchases, and the app does not request any permission. Only the Currency Converter requires internet access to retrieve the latest currency exchange rate. Users can send questions and suggestions to pfinanceapp@gmail.com, and the app actively supports its users.
2. Karl’s Mortgage Calculator
Mortgage payments can be calculated using the given principal, interest, and term. Additionally, one of the three variables can be reversed calculated. The required mortgage amount can be determined by entering a down payment amount or percentage. The monthly payment can be adjusted by including extra costs such as PMI, HOA, taxes, and insurance. The calculator can handle Fixed and Adjustable Rate Mortgages (ARM), interest-only mortgages, and supports up to five changes in interest rates. Extra payments can be added to pay off the mortgage early and up to ten additional extra payment amounts and periods can be chosen. The compounding period and loan payment frequency can also be adjusted. Multiple rounding options are available, and multiple currencies can be inputted and displayed. Internet access is required for adverts and analytics.
3. Loan and Mortgage Calculator
This free interest rate calculator app for Android is easy to use and has no confusing options to select from. The calculator can be used for any type of loans, including as a home mortgage loan calculator, student loan calculator, or car loan calculator, among others. Features include the ability to calculate mortgage payments, support for various payment frequencies, statistics, graphs, and charts, and the option to email loan reports. The app also includes reminders for users to review it and a 100% ad-free version is available for purchase through subscriptions. The app is constantly being improved and users are encouraged to email with queries, suggestions, or problems.
4. Loan Calculator
The Loan Calculator mobile app allows loans to be calculated easily. The monthly payment, interest paid, total credit cost, and amortization schedule can all be calculated by entering data. Personal loan needs such as Consumer Loans, Mortgage Loan, Vehicle Loans, business loans, business overdrafts, and EMI can also be calculated. Users can calculate all loans with the rates received from banks. All taxes are included in the calculation, and the interest rate is left to the user. The payment plan and credit results can be shared with others, and feedback can be given through the app. The app works without an internet connection and is free of charge. The Loan Calculator can be downloaded now.
5. Mortgage by Zillow: Calculator
Assistance is available for those who are looking to finance a home. Zillow calculators can help determine what is affordable and provide customized mortgage rates from multiple lenders. A local lender can be found in minutes using the app, which is useful for those looking to purchase or refinance a home. It is recommended to speak with at least three different lenders when shopping for a mortgage. The app offers features such as payment and affordability calculators, real-time mortgage rates, and the ability to contact lenders directly. Homeowners can use the app to estimate their breakeven point and compare refinance rates. Feedback can be sent to mortgagesupport@zillow.com to help improve the app.
6. Mortgage Calculator
The Mortgage Calculator is a tool that can calculate mortgage and loan payments, including principal, interest, and term. The calculator is easy to use and can be used for various types of loans, such as auto loans. Users can see a yearly or monthly breakdown of payments, and the calculator is free to use. The mortgage calculator also allows users to customize it with many themes and export their mortgage information via email or PDF. The calculator can determine the total monthly mortgage payment, and users can adjust details to get a more accurate estimate. There are also advanced options, such as the Mortgage Calculator with PMI, Mortgage Calculator with Taxes, and Mortgage Calculator with Extra Payments. Users can save and share their Mortgage Amortization Schedule and provide feedback to improve the tool.
7. Mortgage Pal – Loan Calculator
The 3-in-1 mortgage calculator app by Mortgage Pal can help you save money on your mortgage by calculating your loan payments, mortgage affordability, and current mortgage rates and trends. All calculations, including PMI and tax calculations, can be done easily within this app. The mortgage affordability calculator tool helps you determine how much you can afford to borrow based on your income, expenses, and debts. The app is free to use, requires no account, and no internet access. Feedback is welcome through email or app store reviews. Mortgage Pal is trusted by thousands of realtors, mortgage brokers, financial planners, and homeowners.
8. Mortgage Payment Calculator
The Mortgage Home Loan Payment Calculator app can be used to calculate the monthly loan payment or the affordable purchase price of a house. This app supports all phone and tablet screens and only requires minimum permissions to perform its functions. The user can choose to calculate either a monthly and biweekly loan payment or the price of a house based on the monthly payment that can be afforded. The app offers a range of optional information to enter, such as property tax, insurance, PMI, and HOA dues. The Pro version must be purchased if the user wants to export the mortgage loan data.
9. Mortgage Payoff Track
If an app that allows homeowners to monitor their additional payments in fixed rate mortgages is sought after, this may be the one. The additional principal amount can be tracked at any point in the loan payments, with the app being used as a loan amortization calculator, a simulator for future plans, or most importantly, a tracker of pay down over the life of the loans. Key features include the ability to enter and keep track of different additional principal amounts, visualization of pay down progress and interest savings in tables and multiple graphs, and the option to export/import loan data to other devices through means such as e-mail, Google Drive, and Dropbox. The app is also compatible with popular iOS versions.
10. Mortgage Repayment Calculator
The Mortgage Repayment Calculator/Mortgage Prepayment Calculator is a useful and simple application for all types of loan/mortgage calculations. It allows users to calculate monthly/yearly payments, interest, and loan amounts. Additionally, it can create payment schedules and plan prepayments with chart and email features. The app also guides users in mortgage comparison and tracks the repayment of personal, car loans, or mortgages. It offers a range of financial calculators such as fixed deposit, recurring deposit, simple and compound interest, VAT, and GST calculators. The app is designed for new mortgage seekers and existing mortgage holders, and it is free with no hidden charges or in-app purchases. Email features are available for all calculations, and users can provide feedback to contactdeepglance@gmail.com.