Home Buying Power App Reviews

Good for quick estimates.

WOW-what a great application for an on-the-go agent who needs to make quick calculations in the car with the client looking at properties. You have now done all the updates suggested thru the reviews which makes the program GREAT. I love the amortization schedule!! This is a fantastic app, all realtors and brokers should download this to their iphone. It works perfectly, the ability to email the calcs to the clients is fantastic. Thanks for the great app, keep up the good work.

Offers a great way to do a quick runup of numbers based on what info a small convo with a client will give ya. Excited for updates and for 1.3 maybe update rates to a "live" percentages board for more realistic rates during these times.

This does not account for closing costs which are in addition to the dopwn payment and taxes and inxurance skew the affordability as well and that varies by state and municipality. :( Gimme my two dollars!

Recommend to all Real Easte Professionals ...... Excellent product ......

I am a buyer and this app took a lot of the guess work out of the equation. I did start off naively without adding the annual taxes in the beginning, but after I went further into the app I discovered more. It is geared more for a realtor/broker/mortgage officer when it gets down to the percentage rates and taxes, hazard insurance and what not. But this app had me ask all of the right questions. The percentage part in the app suits no purpose for me though, not sure why it's there. But if you ate serious about buying a home, or just curious, this is definitely for you.

This is a great product. It provides everything you need to assess your comfort level in the house buying market. One suggestion - it would be helpful if there was an option that would allow you to return to the detail page after viewing the map. With the suggested update, this product would receive 5 stars.

Does not yet include monthly tax and insurance. Without those, you can’t tell your client the full monthly payment they can expect (you'll have to exit the program and calculate it yourself). It's like a lender telling you the interest rate is 5.25%, but doesn't tell you the APR amount. It only allows you to manually enter the Origination Fee, Title Insurance and Hazard Insurance, IT DOES NOT CALULATE THEM based on a percentage of loan or price. So, here again you will need to exit and go back to a calculator! You guys need a screen for setting default values – at least: Taxes: choice of entering in percentage of price or set value. Hazard Insurance: choice of entering in percentage of price or set value. Title Insurance: choice of entering in percentage of price or set value. Origination Fee: percentage of loan amount +/- a set value Other Closing Cost: choice of entering in percentage of price or set value. I look forward to getting my $2 worth – good luck.

I have seen lots of mortgage calculators this let's you approach the question of how much down how much a month from a variety of angles.

Highly recommended.

Pretty basic.

Great app. Very useful.

I just purchased this app and it makes for a great tool to have. BUT it would be of much help if in your Next Update you would give the option of calculating in any other loan payment that a potential buyer would have, example: car payment, etc...That would calculate the % of the amount the buyer is already using to their DTI and we would be able to calculate more accurately the DTI Ratio available for a home purchase without going over that they would be able to buy. Other than that it makes for a Great Tool. P.S. Also on your next update you could have an MI (Mortgage Insurance) option, which would make it a lot more accurate for the payment they would end up with.

This is a good app, but of leaves you asking a lot of questions. It would be nice if it could estimate taxes & insurance based off of zip code. To go one step further, it could show you recent values of nearby houses.

Any realtor that has an iPhone/itouch should get this. Invaluable aid in assisting buyers to realize their spending power. The fact that you can crunch numbers while showing a property can make the difference between $0 & a full commission - something we all need right now!!