Applying for a new mortgage can be quite the chore.
With so many numbers involved, it’s no wonder why so many applicants have a hard time crunching the numbers. Sure, while a bank can help, are they really going to tell you what you want to hear? It’s always best to try to find out more about your mortgage before applying.
Since most that apply want to stick to a strict budget, there are thankfully some Android apps that can help you figure out what you will pay on your monthly mortgage bill.
With all of that being said, here are five awesome Android mortgage calculator apps to consider:
1. Mortgage Calculator by Adonis Apps
Yes, this app is simply known as the “mortgage calculator” app. While the name isn’t anything fancy, don’t let that scare you way. Free to install, the Mortgage Calculator app has won countless awards for its features and easy-to-use interface. With this app, you can calculate your mortgage, view amortization schedules and play around with the calculator to figure out how much you can save if you put more money toward your principal every month.
2. Karl’s Mortgage Calculator by DrCalculator
With over 2,000 five-star reviews on the Android Marketplace, the Karl’s Mortgage Calculator is simple, works quick and explains everything you need to know that’s associated with a mortgage. Calculate your monthly mortgage payments, figure out down payments and see how much an interest rate can affect your overall payments. You can also factor in extra expenses such as taxes, HOA fees, insurance and PMI.
3. Zillow Mortgage Calculator
Created by the real estate website that we have all come to love, Zillow has launched yet another app on the market. Helping home shoppers figure out a future mortgage payment, this app enables you to estimate monthly payments, find affordable payments and it also includes a refinance calculator for future use. What makes this app different from most on the market, is that it helps you shop with mortgages directly on your phone. By typing in a few personal details, lenders can give you mortgage rate estimates.
4. Quicken Loans Mortgage Calculator
Made by one of the largest mortgage brokers in the United States, the Quicken Loans mortgage calculator can provide users with more than just a number. With four different calculators to choose from, you will be able to compare options, calculate mortgages and compare your choices. Not only that, you can store homes that you’re potentially looking at and even figure out what you would pay monthly if you were to buy that home. With fast calculations, you can feel confident using this app while shopping for homes on the road.
5. Simple Loan Calculator by Andrei Samkov
The great thing about this app is that you don’t have to drop it once you have your mortgage under control. This fantastic Android app features more than just a mortgage calculator. Figure out simple loans, compare the difference between loans and view amortization schedules. With so many options to choose from, this is a great app to take with you while car, house or loan shopping.
In our technological era today, these apps can really come in handy. This technology gives you the opportunity to compare rates, figure out your payment and even see how much you can save by paying off a mortgage early. By using these apps, you will no longer have to get all of your information from a broker.
Kristine is a freelance writer who is passionate about her dogs, she is an active member of various animal welfare organizations, and she exist to make a difference one step at a time.