Loan Calculator - Payoff Calc 4.3

This loan calculator provides a valuable tool for accurately forecasting loan repayment. It enables users to assess the impact of incorporating extra payments into their payment plans.

• Equal Payment Method: Ensures that each payment is of equal value.
• Equal Principal Method: Allocates equal amounts towards principal with each payment, while interest is calculated based on the remaining balance.
• Interest Only Method: Requires only interest payments until the final payment, which covers the remaining loan amount.

The calculator supports a range of payment frequencies and offers flexibility in accommodating different types of additional payments. Simplicity and user-friendliness are key features of this tool. We encourage you to try it and provide your valuable feedback.