HouseCalc Mortgage Explorer is much more than a just a mortgage calculator — HouseCalc lets you visualize and explore your home loan options through powerful (dare we say fun) interactive graphics which show how your mortgage really works, how much you can afford and why, and whether it’s better to rent or buy — so you can be in control of your home loan!
HouseCalc is the must-have app for savvy home-buyers, brokers or real estate agents who demand the best tools for the job.
HouseCalc provides four tabs:
- Monthly Payments: calculates the principal, interest, tax and insurance you owe each month, each broken down by amount and percentage.
- Payment Schedule: shows how much of each monthly payment goes towards principal and interest, and how large the tax break is.
- Rent versus Buy: shows whether it’s better to rent or buy and why.
- Maximum Mortgage: calculates how large of a mortgage you can actually afford.
Each screen automatically updates results when you change the inputs and provides an interactive graphic when rotated to landscape.
HouseCalc Mortgage Explorer will help you determine the right mortgage for you and understand more about how it all works, so that you can be sure that you’re making the most informed decisions about your home loan.