Loan Calculator

TSoftOne

Contains adsIn-app purchases

About this app

Buying a house or a car? Want to know your monthly payment or how much you can afford to borrow? Loan Calculator is the tool you need.

Supporting two calculator modes, general loan and mortgage specific loan, Loan Calculator allows you to calculate your payment and affordability on a loan or a mortgage. It is easy to use but full of features. Whether you are making a general loan, an auto loan or a home mortgage, Loan Calculator can help you perform a thorough analysis on the loan and make better decisions on your purchase or investment.

KEY FEATURES

1. Simple and easy to use, allowing you to quickly calculate monthly payment, interest, total payment, or how much you can afford to borrow.

2. When extra payment is made, Loan Calculator calculates savings and how earlier the loan is paid off. Extra payment can be done one-time, bi-weekly, monthly, quarterly, semi-annually or annually.

3. Refinance feature lets you quickly find out whether or not you should refinance your current loan to lower your monthly payment and pay off the loan early.

4. Amortization table details each periodic payment, showing date, interest, principal and balance. Extra payment is highlighted if any.

5. Various graphs allow you to visualize and analyze your loan at different angles.

6. Ability to save loan along with descriptions

7. Support multiple compounding methods, including Daily, Monthly (US and many countries), Quarterly, Semi-annually (Canada) and Annually.

8. Support multiple payment frequencies, including Bi-weekly, Monthly, Quarterly, Semi-annually and Annually.

9. Mortgage calculator mode enables you to perform thorough analysis on your home loan.

10. Loan Comparison allows you to conveniently compare two loans side by side so you can choose which one is suitable to you.

11. Many more features, plus elegant design you need to check out to see.

Ratings and reviews

Revised to three stars. Crash, crash, crash! I have to keep removing The app and re-stalling for it to work. Original: It's a good basic and quick way to look at your loans. Use it when you're buying a car or a house and you will get the upper hand. I love the prepayment option. Last car that I bought I used that option and saved over a year off my loan because it told me how much to pay above my loan amount. Awesome if you use it correctly.

So far, so good. I was looking for a better loan calculator program and I think I found it. I like the fact that you can use a reverse function with a simple switch of the tabs. It serves my needs well so far. I haven't tried all the functions, so this is why I'm giving it a 4 (Like)

This app is so simple and clean. Only with the necessary features. However it'd be great if it accomodates additional features such as interest rate movements and multiple pre-payment options

What's new

Minor bug fixes