iPhone, iPod touch, and iPad Apps Search Engine
iPhone Apps Users Community
Advanced search | Example: action games
iPhone apps

Mortgage or Rent

Mortgage or Rent
  • #: 170584
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2010-02-18
  • Current Version: 1.0
  • 1.0
  • Size: 0.20 MB
  • Language: English
  • Seller: Spolecne s.r.o.
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © 2010 Spolecne s.r.o.
  •  Add to Favorite apps

 

Description

Should I take a mortgage or should I rent? Anybody considering a major investment in real estate should ask that question and this application answers it. Just:

* Download the application

* Enter the price of the property you are considering

* Enter how much would cost to rent this or a similar property

* Enter your monthly disposable income, should be around 1 / 3 of your salary

* Enter your available savings for the investment.

That is almost it. Next you would have to check and optionally adjust few additional parameters:

* Taxes, insurance, rainy day fund

* Offered loan interest rate

* Expected inflation

Next, the application will run two scenarios for you: In the first case it will take a mortgage, put all your savings into down payment and then put as much of the disposable income as possible into mortgage payments. In the second case it will invest all your savings in a fund, which yields an inflation high stable profit. Then it will deduct monthly rent from your monthly disposable income and the rest is periodically invested again.

The application shows your balance for the next ten years. A red graph shows the property value minus current loan, a green graph shows your investment value. Steeper the graphs are, better investment it is. Make sure they beat the inflation at least!

This is not all yet! The inflation of prices can vary over time and per category. For example the property price growth or decline can be different from your salary increases. You can adjust all distinct values manually per year and see how different inflation influences your case. You can see for example, that property price drop by 2% in the third and fourth year of your mortgage has much bigger impact on the result, than 8% increase of property taxes at the same time.

-

A mortgage is not a must, it is an option. Do the math first.

Currently offered for free, however the price might change without prior notice.

And last but not least. This is a tool. As any other tool, use it with care. BEFORE any serious DECISION, do your own calculations to VERIFY the results.

iPhone Screenshots

Mortgage or Rent iPhone Screenshot 1
Mortgage or Rent iPhone Screenshot 2

Video Reviews

No video review.

Customer reviews

Write a Review

Be the first to review this app. Write a Review

Forum

Ask a question

Be the first question this app.

Users Community

+ Connect to community


The information may be outdated (2011-04-21 11:48:01). For actual information go to iTunes

Related to «Mortgage or Rent» applications

Buy or Rent

Buy or Rent

Have you come across the decision between Purchasing and Leasing for example vehicle?Buy or Rent can help you with the decision.Buy or Rent analyzes the purchase / lease-to-purchase decision to show you the present value of purchasing the item now and the present value of leasing now and purchase… more

Price: $1.99 | Category: Finance
Overseas Property Buy, Sell or Rent

Overseas Property Buy, Sell or Rent

Overseas Property Buy, Sell or Rent - Find Overseas Property by location or using your current GPS location. Property around the world to Buy or Rent.Find Villas, Flats, Townhouses, Holiday Homes and more in;Spain, Florida, Malta, Norway, Austria, Belgium, Turkey, Cyprus, Greece, Italy, France, U.K, … more

Price: free | Category: Travel
Real Estate by Smarter Agent – Homes & Apartments, For Sale or Rent

Real Estate by Smarter Agent – Homes & Apartments, For Sale or Rent

This app offers a targeted real estate search tool to home buyers interested in local real estate.To enhance your search for a home, Real Estate by Smarter Agent not only offers Homes for sale, apartments for rent and recent home sale prices but also offers almost 40 points of interest, (POI… more

Price: free | Category: Lifestyle
ImmoScout24 Switzerland: real estate – homes and apartments, for sale or rent

ImmoScout24 Switzerland: real estate – homes and apartments, for sale or rent

ImmoScout24 is the leading property platform in Switzerland. Now on ImmoScout24, discover the most beautiful flats and houses that Switzerland has to offer. Whether youre looking for a loft in Zurich, single-family home in Bern, flat in Geneva, villa on Lake Thun or shared accommodation in Lucerne, … more

Price: free | Category: Business
Rent a car or not

Rent a car or not

Most people are needed to use car while at work or on vacation. Now, is it better to use your car or to rent one for specific trips? This App helps you determine if you should rent a car or not. more

Price: free | Category: Utilities
Rent or Buy

Rent or Buy

It is far more than a multiple mortgages calculator. Considering interest rate for up to two mortgages(like many investors or home buyers do), it also considers property tax, HOA, management fee, effective rental income, you get results of cap rate, DCR(debt coverage ration), net operating income, … more

Price: $8.99 | Category: Finance
Classifieds2Go - Free classifieds to search local ads for used cars, auto, jobs, real estate listings, homes, houses for sale, housing for rent, fsbo realty, apartment rentals, 4 rent, concert and gam

Classifieds2Go - Free classifieds to search local ads for used cars, auto, jobs,…

With this free app you have access to a large database of local classifieds at your fingertips. Shop for used cars, homes for sale, apartments for rent, jobs, pets, sporting events & concert tickets. Features: One stop app to search for cars, real estate, rental housing, jobs, show & game… more

Price: free | Category: Productivity
The Little Black Book of Wealth Building Mortgage Secrets : Insider Strategies for Securing a Stable Mortgage and Avoiding Common Pitfalls in Any Market by Rosie Rains

The Little Black Book of Wealth Building Mortgage Secrets : Insider Strategies…

The Little Black Book of Wealth Building Mortgage Secrets : Insider Strategies for Securing a Stable Mortgage and Avoiding Common Pitfalls in Any MarketRosie RainsMcGraw-HillJuly 17, 2008Why a solid mortgage is still the best foundation for building personal wealth The Little Black Book of… more

Price: $21.99 | Category: Books
Mortgage Loan Place Mortgage Calculator

Mortgage Loan Place Mortgage Calculator

MortgageLoanPlace.com is delighted to offer iPhone and iPod Touch users a unique, creative financial tool designed for anyone who likes to "slide" numbers around and create "what-if" scenarios when calculating mortgage payments and loan amounts. And the clutter-free user… more

Price: $0.99 | Category: Finance

View all related to: Mortgage or Rent applications



Mobile Version
iApps4you.com - is iPhone, iPod touch, and iPad apps search engine and not been authorized, sponsored or approved by Apple Inc.
Copyright © 2017 iApps4you.com.
85 ms.