Mortgager - Compare Interest Only and Repayment Mortgages by Jonny Munday
Ever wanted a fast and easy way to calculate monthly mortgage payments on the iPhone?
Well Mortgager is the simplest mortgage calculator in the app store!
All you need to do is put in the amount you want to borrow, the number of years and/or months you want to borrow it for and the rate. Click “Done” on the keyboard and Mortgager immediately gives you the monthly mortgage payments. Best of all – Mortgager is the only iPhone application to give you a comparison between a repayment mortgage and an interest only mortgage. Only by knowing both of these can you make an informed decision on what type of mortgage to take.
Mortgager also remembers the last mortgage that you were looking at to make it easy to get back to it in the future. If you want a reminder of your mortgage calculation or want to share it with someone else, just click email, type in the recipients email address and click send - it's as easy as that!
Don't worry that the pics show amounts in British Pounds (£), the app will take your local currency symbol and use that.
Any problems or suggestions, please contact us on firstname.lastname@example.org – we’d love to hear your feedback.
Note: It is important to remember that the values calculated in this application are only a guide; the exact payments will depend on the particular mortgage you have. Your mortgage broker or lender will provide those values as part of your Keyfacts documentation.