by Carol-Anne
I chose to
conduct my comparison on two mortgage calculator apps. The first app I looked at was called,
”Canadian Mortgage app”. I mainly chose
this one because it had a five-star rating.
The only one. Most of the other
ones had low or no ratings at all! The
second app I looked at was called, ”Mortgage calculator for iPhone -calc
Pro”.
The calculator for
iPhone -calc pro was exceptionally difficult to navigate. I believe this is due to the fact that in the
review for the app, it says it has a calculator for everything. This makes it incredibly frustrating to try
and figure it out. It would be easier if the app was organized better. However,
I discovered that the app does have an entire section dedicated to financial
aid. The Financial Calculator contains
10 powerful calculator worksheets to help solve common financial problems. Five display options: normal, scientific,
fractions, engineering, and allow up to 2-10 decimal places. Five calculator modes: simple,
algebraic,
direct algebraic, expression, and RPN. Advanced graphing
functions:
simultaneous graphs, find points on the
graph and show tangents, and
allows you to copy or email them.
Supported Languages: English, German,
Spanish, Portuguese, French,
Italian,
Dutch, Japanese, Simplified & Traditional
Chinese, Korean, and
Russian.
However, the Candadian Mortgage app is currently featured by
Apple, the Canadian
Mortgage App has been used over 4+
million times and ranks
as Canada's #1
mortgage app. The app
allows you, the user, to easily calculate your total home
ownership cost, the
stress test, compare
rates by national and regional lenders and
brokers,
calculate land transfer taxes and
determine your affordability to the
penny. The app was very easy to navigate
as well. Some simple features that made it easier would be:
. All Possible Payment Frequencies
. 2018 Stress Test
Rules
. Minimum Down Pavment Calculator
Total Monthly Ownership Calculator
.
Closing Cost Calculator
. Affordability Calculator
. Extra Payments Calculator
.
Load and Save Multiple Scenarios
. Scenario Comparison (side by side)
. Real-time Mortgage Rates
And it even allows you the
aability to apply with an expert on the app.
The calculations have also been
vigorously tested both
mathematically
and physically against almost all available
mortgage
calculators. It calculates at an
extended number of decimal places,
and uses
specialized rounding as suggested by the European Commission.
In my opinion, with
the comparing of the two apps, I feel as though the Canadian Mortgage App was
the best option overall. This is due to the fact that I found it easier to
navigate and understand. I like the fact
that it has a lot of options with layouts. However, I don't like how they
crammed so much into the app. This
applies to both of the apps that I looked at.
It felt too overwhelming and confusing. But if I needed to calculate
mortgage, I would definitely recommend and use the Canadian Mortgage app.
Calculator for iPhone
- Calc Pro by Panoramic Software Inc.
Canadian Mortgage App by Bendigi Tech Inc
