Simple Mortgage Calculator is a free, static utility for computing home loan repayment schedules on iOS.
The App DNA
What makes this app unique?
It removes the cognitive friction of manual interest calculations for users who need a quick estimate without the complexity of a full banking suite.
For Homeowners or prospective buyers looking for basic mortgage repayment estimates and amortization projections.
What does it look like?
Key features
Calculates home loan repayments on a weekly, fortnightly, or monthly basis.
Estimates the impact of additional payments on loan duration and total interest cost.
Computes principal and interest paid after a specific number of years and remaining loan balance.
How much does it cost?
The app operates as a free utility with no visible monetization or subscription tiers.
Velocity
Dormant developmentnew contentShow more...
The app has been inactive for 3,313 days, showing no signs of development or maintenance for over nine years. With only a single version in the analyzed history, there is no evidence of a release cadence or ongoing support. The project appears to be abandoned.
Who built it?
Ranjit Parmar
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What do users think recently?
How are ratings & reviews evolving?
Not enough recent reviews to extract reliable themes yet.
Read the full review analysisCompetition
Competitive landscape for Simple Mortgage Calculator
How's the Finance market?
Simple Mortgage Calculator holds a legacy position in the Finance category with a 3.0-star rating based on a single review. Its lack of updates since 2017 signals a departure from the active development seen in current category leaders.
Read the market outlookThe rivals identified
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Key takeaways for Simple Mortgage Calculator
Where is it heading?
The mortgage calculator market has consolidated around tools that offer real-time rate data and banking integration. Simple Mortgage Calculator remains static, and its continued presence without updates signals a product that no longer serves a functional purpose for modern users.
- The 9-year update gap indicates a total lack of maintenance, which erodes trust for any financial utility tool.
- The absence of real-time interest rate integration makes the tool functionally inferior to current market-standard finance apps.
The SWOT
- Single-purpose interface provides low-friction repayment estimates
- Modernization of the UI could capture first-time home buyer traffic
Next best moves
Sunset the app because the 9-year maintenance gap prevents competitive parity → reallocate resources to active projects.
The counter-intuitive read
The lack of monetization is not a missed…
Read the full takeSince the last report: The introduction of a 3.0-star rating provides the first sentiment anchor for the product, while the competitive narrative has sharpened to focus on the lack of real-time interest rate integration.
Bottom line
Simple Mortgage Calculator is a legacy utility that no longer meets the data-connectivity requirements of the modern finance market. Sunset the asset to avoid brand dilution, as the 9-year update gap makes a technical recovery unviable.
Unlock 1 critical friction, 1 market threat and the analyst’s take.
Access the full report for freeSources
- [1] App Store, source
Report last updated