New app calculates how long you'll be underwater

Tool takes into account rising home values to pinpoint breakeven date

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Due to the steep descent of home prices during the Great Recession, millions of American homeowners found themselves in the difficult straits of owing more on their house than the residence was now worth, which is a state of personal economics casually known as being underwater.

After five tough years, in which tens of millions of Americans found themselves underwater on their mortgage, the country is finally resurfacing. The slow but steadily improving economy and housing market has helped. Plus, there are some new technologies out there to give comfort to those who are still in deep water.