Loan Calculator – Extra payment + Amortization
Mobile Innovations LLC

March 2nd, 2011

Price: Free

Category: Finance

Updated: Mar 02, 2011

Version: 1.6

Size: 1.1 MB

Language: English

Seller: Mobile Innovations LLC

Rated 4+

Requirements: Compatible with iPhone, iPod touch, and iPad.Requires iOS 4.0 or later.

Customer Ratings

Current Version

(42 Ratings)

All Versions

(65 Ratings)

Loan Calculator – Extra payment + Amortization by Mobile Innovations LLC

Loan Calculator - Extra payment + Amortization Screenshots

Description

This professional Loan Calculator is a powerful, fast and easy-to-use iPhone App perfect for simulating various payment options . The Extra Payment Option Feature allows the buyer or the owner to make wise decisions on their monthly payments.You can send email with loan information and amortization schedule with CSV and html attachments.You can also organize your loans into various categories .

Highlighted Features:

** Payment Calculations:
The user friendly interface allows you to enter the Loan Amount, interest rate, the term of the loan desired (years and months) and generates following calculations. - Total Interest Paid - Total Amount paid - Monthly payment

** Extra payment option
You can simulate how an additional monthly payment will help you pay off your loan early and save money in interest.

** Amortization Schedule
Amortization table shows you complete payment schedule break downs into the principal, interest and the remaining balance .

** Save Loans for future reference and comparison

You can save any number of loans for future reference and comparison. All information is automatically saved when you make changes to the loan.

** HTML/CSV Amortization Tables

This app generates well formatted HTML and CSV amortization tables for sending email attachments .

** Passcode protection
Protects your saved loans with passcode

What's New in Version 1.6

Fixed problem with creating duplicate loans with the same name.

Customer Reviews

Nice options. Could use a few enhancements (4 stars)
I like how you can add an amount per year, but I don't know if that amount is taken off at the beginning of that year, near the end, or averaged across the monthly payments. This would matter on compounded interest loans. It would also be nice to see some charts that display the amount of interest you're saving by paying off early. It would even be nice to compare where the extra monthly payments should go... for example, if "Education&

beautiful app (4 stars)
nice and very useful app.

Frozen (1 star)
All it did was open up and froze on the loan name screen, deleted immediately. Garbage