Quick Mortgage Comparisons 4+

two mortgages compared

MSYapps

Designed for iPad

    • USD 0.99

iPad Screenshots

Description

Quick Mortgage Comparisons allows comparison between two mortage alternatives. Either alternative may be a fixed-rate mortgage or an adjustable-rate mortgage (ARM).

For a fixed-rate mortgage, you must supply the principal amount of the loan, the term of the loan in months, and an annual interest rate in percent.

An adjustable-rate mortgage has additional conditions: the initial term of the ARM's first interest rate period, the interest rate adjustment that will take effect during each subsequent step defined by the step frequency in months, and lastly the maximum interest rate or cap after applying each of the steps of interest. So, for example, an ARM that has an initial interest rate of 2% per annum, steps of 0.5% each 12 months, and a maximum interest rate of 6% per annum will take 8 years of step increases to go from 2% to 6% annual interest rate.

Naturally, the monthly principal and interest payments required will adjust with each step increase of the ARM.

What’s New

Version 3.0

- Updated to accommodate newer versions of iOS.
- Removed Facebook and Twitter links.

App Privacy

The developer, MSYapps, 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 based on, for example, the features you use or your age. Learn More

Supports

  • Family Sharing

    Up to six family members can use this app with Family Sharing enabled.

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