Mortgage Calculator: Loan Mate review
A mobile mortgage calculator for modeling adjustable rates, expenses, and refinance scenarios.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
Mortgage Calculator: Loan Mate is a mobile app for homebuyers, homeowners, real-estate agents, and lenders who need to model mortgage payments and compare loan scenarios. Enter property value, principal, interest rate, term, or monthly payment, and the app can calculate a missing loan variable. Its adjustable-rate modeling makes it especially relevant for borrowers comparing loans whose rates may change over time.
The calculation tools cover more than a basic payment estimate. Loan Mate provides a monthly amortization schedule with interest, principal, balance, and loan-to-value, and accepts HOA, property tax, insurance, and other expense inputs. Users can model recurring extra payments and lump-sum prepayments, then view charts for interest versus principal, balance, rate timeline, and total payments. Saved scenarios support side-by-side comparisons, including refinance scenarios. The listings describe use without signup or an internet connection, which may suit people who want to work through estimates on a phone without relying on a connection.
The app is freemium: the Free plan is listed at no charge with in-app purchases, while Premium App is listed for a one-time $4.99. The Android listing also indicates ads and in-app purchases. Loan Mate is available on iOS and Android, with email support listed. Its mobile-only format and mortgage-specific scope make it a fit for borrowers focused on loan structure, payment changes, and refinance comparisons; people looking for broader financial planning tools or a desktop experience should consider another option.
Mortgage Calculator: Loan Mate pros and cons
- Where it wins
- Models variable and adjustable rates with changes over time
- Shows payment-by-payment principal, interest, balance, and loan-to-value
- Compares saved scenarios, including refinance options
- Where it doesn't
- Available on mobile platforms only
- The Android listing includes ads and in-app purchases
- Its tools focus on mortgage calculations rather than broader financial planning
Mortgage Calculator: Loan Mate fact sheet, pricing and score →
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