Free iPhone Mortgage Calculator Estimates Deductible Housing Expenses

April 25, 2011 - PRLog -- Milpitas, CA.

There are many iPhone mortgage calculators on the App Store, but none provides an estimates on annual property taxes and interest expenses. iBorrower, an iPhone app developed by SBG Real Estate, will fill that gap. iBorrower is a free mortgage calculator on the App Store.

iBorrower is unique in that it provides features not available in other mortgage calculators on the App Store. Besides loan calculations, it allows users to conduct additional payment scenarios & pay off scenarios.

In other words, a user can estimate the pay off period if he/she makes additional or extra payment each month. Conversely, the user can estimate the additional or extra monthly payment needed to pay off the loan in a given period. It also provides estimates of savings on interest payments in both cases.

iBorrower will also provide estimates on annual  tax deductible housing expenses. It will provide annual interest payments. Based on user input on home appreciation rate and property taxes rate, iBorrower will also provide estimates on annual property taxes payments.

These two features will  help users with their personal finance planning and budgeting.

Best all of, iBorrower is a free iPhone app.

Finally, iBorrower is simple and easy to use with intuitive user interface. See below for a full list of iBorrower features.

Features

1.Mortgage calculator for buyer
2.Loan calculator for borrower (home, auto, credit card loans)
3.What-If scenarios – Make additional payment
4.What-If scenarios – Pay off early
5.Estimated annual interest expense
6.Estimated annual property tax expenses
7.Email feature – email results to clients
8.Monthly payment
9.Monthly housing payment summary
10.Total monthly payment summary
11.Amortization schedule

http://itunes.apple.com/us/app/iborrower/id432480732?mt=8...

http://www.sbg81.com

You can also visit us on Twitter at twitter.com/sbgrealestate

About Us

SBG Real Estate (www.sbg81.com) is a real estate software company that develops mobile applications for the iOS platform. Our other iPhone apps include iQualify, iQualify Pro, and iAPR.

Visit us on Twitter: http://www.twitter.com/sbgrealestate

Contact Us

If you'd like more information about this topic, please contact us at info@sbg81.com. You can also write to us at 45 S. Park Victoria Dr., Suite 333, Milpitas, CA 95035

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SBG Real Estate (www.sbg81.com) is a real estate software company that develops mobile applications for the iOS platform. Our other iPhone apps include iQualify, iQualify Pro, and iAPR.