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Home Afford (Mortgage Calculator)

Home Afford (Mortgage Calculator)
  • #: 19667
  • Price: $0.99 In Apple Store
  • Category: Finance
  • Updated: 2009-11-03
  • Current Version: 1.2
  • 1.2
  • Size: 0.60 MB
  • Language: English
  • Seller: George Gilman
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 2.2.1 or later
  • © 2009 Bayland Blue
  •  Add to Favorite apps

 

Description

This application will help you determine how much you can afford to pay for a house with two measurements.

Debt-to-Income Ratio: This is the number your lender uses to determine how much you can afford to pay for housing. If you have high outstanding debt, your lender will disqualify you automatically, regardless of credit rating. This app calculates what you can afford for various (Conventional, FHA, and VA) loan types.

Monthly Payments: Find out how much your monthly payments will be. This includes escrow and PMI.

User interface is meant to be straight-forward and easy to use. Clicking the information icon to the left of each data entry field provides a more meaningful description to help you determine the appropriate values.

Useful for both homebuyers and real estate agents. Credit rating and lender policies also affect your ability to obtain a loan, but this application is a good place to start.

What's New in Version 1.2

internal changes

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The information may be outdated (2011-03-27 22:54:55). For actual information go to iTunes

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