Loan Calculator - Payoff Calc 4.3

giang pham – Freeware – iOS
out of 211 votes

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.

Overview

Loan Calculator - Payoff Calc is a Freeware software in the category Business developed by giang pham.

The latest version of Loan Calculator - Payoff Calc is 4.3, released on 01/04/2024. It was initially added to our database on 01/02/2024.

Loan Calculator - Payoff Calc runs on the following operating systems: iOS.

Users of Loan Calculator - Payoff Calc gave it a rating of 5 out of 5 stars.

Pros

User-friendly interface that makes it easy to input loan details.
Offers various loan types and scenarios for analysis.
Provides quick calculations for monthly payments and payoff dates.
Includes an option to visualize payment schedules over time.
Responsive design makes it accessible on mobile devices.

Cons

Limited customization options for advanced users or complex loans.
May lack in-depth financial analysis features found in more comprehensive tools.
Ads may distract from user experience unless using a paid version.
Occasional bugs reported by users leading to incorrect calculations.
No integration with banking apps or financial services for automatic updates.

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