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Mortgage Affordability Estim8r 4+
Global Business Strategies, Inc.
Designed for iPhone
-
- ¥300
iPhone Screenshots
Description
Household income less expenses determines affordability of prospective home mortgage payment. Generates 15 year cash flow projection based on your inflation assumptions.
Enter your income, expenses, prospective new home cost, mortgage interest rate and term, and down payment to calculate standard fixed mortgage payment. Construction loan interest is also available to be estimated for new builds and added to your mortgage balance. An adjustment for income and expense inflation is available to help you consider the effect of inflation in the 15 year projection included in the app. There is also a summary of estimated cash required to close your prospective new home. In addition, the app calculates an estimated debt-to-income ratio that bankers analyze, among other factors to determine credit worthiness. The app provides educational insight as to the potential mortgage amount you may be able to afford. The app should not be used for an actual home purchase, since mortgage lender requirements vary significantly from lender to lender. The purpose of the app is to provide a summary view to determine if a prospective home mortgage is within financial capabilities. The final determination should be between you and your lender of choice.
What’s New
Version 2.1
Performance improvements and bug fixes.
App Privacy
The developer, Global Business Strategies, Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Not Collected
The developer does not collect any data from this app.
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Information
- Seller
- Global Business Strategies, Inc.
- Size
- 2.1 MB
- Category
- Education
- Compatibility
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- iPhone
- Requires iOS 14.0 or later.
- iPod touch
- Requires iOS 14.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 4+
- Copyright
- © Global Business Strategies 2022
- Price
- ¥300
Supports
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Family Sharing
Up to six family members can use this app with Family Sharing enabled.