NORFOLK, VA-- Homes.com, a division of Dominion Enterprises, announced today the release of its new Mortgage Calculator application for the iPhone. The Mortgage Calculator app joins Homes.com's already extensive mobile suite, which includes home search applications for iPhone, Blackberry, Windows Phone 7 and Android users, as well as a mobile website, making Homes.com the first real estate portal to reach consumers on all major mobile platforms.

Homes.com's Mortgage Calculator app offers a variety of tools to help home buyers and renters searching for their next home. The "Buy or Rent" tool, which calculates the home searcher's best financial option based on factors like monthly expenses, local market conditions and taxes, is the first of its kind offered in a mobile app designed by a real estate search site.

Other tools on the app include:

• A debt-to-income calculator that offers feedback on whether now is a good time to buy based on the consumer's financial circumstances

• A monthly payment calculator

• A refinance calculator

All tools are seamlessly integrated into Homes.com's property search, linking consumers using the app directly to properties in their local market and real estate professionals on Homes.com.

"The release of this Mortgage Calculator app reinforces our commitment to serving consumers through every step of the home search process, starting with the very first step—deciding whether to buy or rent," said Jason Doyle, Homes.com vice-president and general manager. "Using intuitive mobile technology, this user-friendly app links consumers directly to homes for sale or rent depending on their needs."

The Mortgage Calculator is a free app now available on the Apple App Store. Click to download now. 

Multimedia - Download screenshots of Homes.com's Mortgage Calculator by clicking here.