Mortgage Calculator - The Amortizer by Brainy Apps, LLC (Universal)
Released: Aug 3, 2010
Version: 2.2
Size: 1 MB
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Ranking - Finance (iPhone)

Ranking - Finance (iPad)

Mortgage Calculator - The Amortizer

Brainy Apps, LLC
[ This app is no longer available for download ]

Make smart money decisions anywhere! The Amortizer is an easy-to-use, powerful and flexible mortgage loan calculator for the iPhone, iPod Touch & iPad. Perfect for real estate agents, homebuyers, and homeowners looking to refinance.

Features include:

** Payment calculation, including escrow costs **
The Amortizer allows you to add as many escrow costs as you like, for the most accurate picture of your monthly obligation. The Amortizer doesn’t limit you to a pre-defined set of costs, so you know your special conditions are all covered!

** Cost per square foot calculation **
If you are shopping for houses, you can add optional information such as Square Footage, and The Amortizer will give you a side-by-side comparison of cost per square foot between all the properties you are interested in.

** Truth-in-lending data **
Find out how much that property is really going to cost you! The Amortizer lets you see where all of your money will be going, including calculations for:
- Total Interest
- Total of payments
- Total cost (including down payment)

** Full amortization schedule **
The Amortizer breaks down every payment and shows you the amount going towards interest, principal, and the remaining principal balance. Add an optional start date for your loan and find your principal balance for any date in the future.

** PDF generation for sharing loan estimates **
Don’t settle for an unformatted text email! The Amortizer generates professional-looking rich formatted, colorful PDF reports that you can email to clients, right from within the application! The option is yours, if you want to include just the loan summary, or the full Amortization Schedule.

** The ability to save and recall loans **
Saving your loan isn’t an extra step; all of your information is instantly saved as soon as it is entered! Deleting a saved loan is as easy as deleting an email, just swipe and delete!

** The ability to compare loans & properties at a glance **
The Amortizer doesn’t present your saved loans as just a list of names, it gives you all the information you need to compare at a glance, including: Loan Name, Monthly Payment, and Cost Per Square Foot.

** Simplified data entry and a streamlined user interface **
The Amortizer has been designed from the ground up to look and act like an iPhone application. If you know how to use your iPhone, you know how to use The Amortizer! Forget typing in decimal places, and fumbling with the tiny alpha-numeric keyboard. The Amortizer lets you use the large keypad for quick, accurate data entry.

** Other Features **
- Enter your down payment in a dollar amount or percentage. No need to whip out another calculator!
- Specify your loan term in years and/or months.
- Optimized for the iPhone 4 Retina display. No blocky images or user interface elements!

What's new in version 2.2
*** Please send all support questions to I am unable to help troubleshoot issues left as app reviews. Help me help you! ***

- Fixed an issue with the iPhone version where loans without a title caused no 'back' button to appear on calculate screen, causing the app to get 'stuck' on the results screen.
Our verdict: Ok
  • + Mortgage Calculator - The Amortizer is an ok, 3.5-star app.
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