4.3 Safe to install
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.
Screenshots (Click to view larger)
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