DebtDrop: Mortgage & Payoff

DebtDrop is the only debt payoff app with a built-in mortgage recast calculator. See exactly how a lump sum payment can lower your monthly mortgage payment, reduce total interest, and accelerate your path to being debt-free.

MORTGAGE RECAST CALCULATOR Run recast scenarios to see how extra principal payments reduce your monthly obligation. Compare before and after payments, total interest saved, and new payoff timelines. No other debt app offers this level of mortgage intelligence.

SMART DEBT PAYOFF STRATEGIES Choose between the snowball method (smallest balance first) or avalanche method (highest interest first) to pay off your debts. DebtDrop runs full simulations showing your projected payoff date, total interest paid, and money saved with extra payments.

EQUITY & PMI TRACKING Track your home equity in real time. DebtDrop monitors your loan-to-value ratio and alerts you when you reach 80% LTV, the threshold to request PMI removal and save hundreds per month.

AMORTIZATION TABLES View complete amortization schedules for every debt. See the principal and interest breakdown for each payment, month by month, so you always know where your money goes.

COUPLES MODE Managing debt together? Enable household mode to track individual and joint debts side by side. Assign debts to each partner and see combined payoff projections.

PAYMENT HISTORY & TRACKING Record every payment and watch your progress. DebtDrop tracks your payment streaks, total amount paid, and principal progress over time.

PDF EXPORT Generate detailed debt reports and share them as PDFs. Perfect for financial planning meetings, mortgage applications, or personal records.

COMPLETE PRIVACY DebtDrop never collects, stores, or shares your data. No analytics, no tracking, no ads. Everything stays on your device (and your personal iCloud if you choose to sync).

FEATURES AT A GLANCE:

• Mortgage recast calculator with scenario comparisons
• Snowball and avalanche payoff strategies
• Home equity and LTV tracking
• PMI removal alerts
• Full amortization tables
• Couples/household mode
• Payment history and streak tracking
• PDF report export
• Net worth dashboard
• No account required, no data collection

DebtDrop provides estimates and projections only and is not a substitute for professional financial advice.