My wife and I were in the housing market for all of last year. In the process we learned a half dozen equations on financing related to home ownership, but the more we learned, the more complicated the final answer seemed to get. How much, compared to renting, is it really going to cost me to buy this home? To answer that question, I wrote TrueCost.
TrueCost takes the complexity out of mortgage financing, hiding all of the detail of amortization tables, tax brackets, and other deductible quantities. Instead, TrueCost reports the adjusted monthly cost of owning a home and selling it after a certain number of months. It is the easiest to use and most informative lending related app at the iTunes store and an indispensable tool for home shoppers or investors.
Take a look: http://itunes.apple.com/us/app/truecost-mortgage/id358060578?mt=8