Mortgage Payment Calculator, a small finance app for iPhone and iPad, is free on the App Store for a limited time. The App Store listing shows the price as Free, and New Mobile Life reported that the app normally costs US $0.99. Neither source says when the free offer ends.
What the app does
The developer, H Valeur, says the app calculates a monthly mortgage payment down to the cent. You enter the loan amount, the interest rate and the number of years you want the loan to run, and the app displays the monthly payment. The listing describes it as a tool for people planning to buy a new home or refinance their current one. New Mobile Life adds that it makes it easier to compare different loan options.
Version 1.3, released in 2024, added two tools. An Amortization Calculator shows how interest, principal and balance change over the life of a mortgage. An Afford Calculator works out how much you can afford based on your loan terms and your yearly income. Earlier updates in 2021 and 2013 are listed without detail, apart from support for the latest iOS in 2021.
Platforms and size
The listing says the app runs on iPhone and iPad and needs iOS 14.1 or later, or iPadOS 14.1 or later. It carries the label “Designed for iPad. Not verified for macOS.” Apple also lists compatibility with a Mac that has an Apple M1 chip or later and runs macOS 11.0 or later, and with Apple Vision running visionOS 1.0 or later. The download is only 615.4 KB, the age rating is 4+ and English is the only language. The sources do not mention an Android version.
How to get it
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On an iPhone or iPad, open the App Store and search for Mortgage Payment Calculator by H Valeur, or open the official listing directly.
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Check that the button reads Get rather than showing a price.
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Tap Get and sign in with your Apple Account if asked.
If the button shows a price, the free offer has ended.
What it means for readers
Neither source gives a Canadian price or says whether the free offer applies in the Canadian App Store. The US $0.99 figure is the normal price New Mobile Life quoted, so check your own storefront. Because no end date is given, the offer could change at any time.
Who it suits and what to check
This is a single purpose calculator for anyone who wants to run loan numbers on a phone. The listing names three inputs only: loan amount, interest rate and loan term in years. It does not say whether property tax, insurance or fees can be added, so confirm what the results include before comparing them with a lender’s figures. The app reports what you type in and offers no financial advice.
On privacy, the developer’s notes, which Apple says it has not verified, state that no data is collected from the app. The listing shows 5 ratings averaging 4.4 out of 5.
