Loan Calculator +
MH Riley

April 18th, 2012

This app is designed for both iPhone and iPad

Price: $1.99

Category: Finance

Updated: Apr 18, 2012

Version: 1.6.1

Size: 6.0 MB

Seller: Mark Riley

Rated 4+

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

Customer Ratings

Current Version

(8 Ratings)

All Versions

(32 Ratings)

Loan Calculator + by MH Riley

Loan Calculator + Screenshots

Description

*** Featured by Apple as 'What's Hot' ***

Loan Calculator has one aim - To SAVE YOU MONEY on your loan!

If you're taking out a loan, looking to organise your loans, or want to pay off your loan early, then this is the perfect app for you.

Try out various 'What-If' scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total length and cost go down. You may be surprised by just how much!

Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.

"...beautiful, simple graphs which make tricky decisions a whole lot easier."

"...really helped me to compare the different loan deals"

Features
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Visualise loan costs in simple, interactive charts:

Organise any number of loans
Support for mortgages, car loans, credit cards and many more
See money saving effect of regular or one off Extra Payments
Variable Rates support
Calculate the 'True Cost', by including Tax, Insurance etc
Email a PDF or HTML of the loan details
Takes into account PMI for mortgages
Monthly breakdown of costs (Amortization)
Full support for fixed 'Initial Rates' e.g. interest free for 6 months
Try out various 'What-If' scenarios
Charts allow easy visualisation of the costs
Make an informed choice by comparing loans
Extra payments can 'Reduce Term' or 'Reduce Payments'
Support for 'Repayment' or 'Interest Only'
Set of quick calculators for instant answers
Backup & Restore via Dropbox
Passcode protection
Elegant, simple and powerful user interface

What's New in Version 1.6.1

Version 1.6.1 of Loan Calculator fixes an issue with the app incorrectly starting up in Portrait mode.

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Version 1.6 of Loan Calculator has a few new features and some fixes:

New Features
=============
* Extra Costs section has been enhanced.
* For 'Mortgage' loans there is now a 'Closing Costs' amount which can be 'Added to Loan' or 'Paid Upfront'.
* The Other Costs can now be applied Quarterly or Semi-Annually
* You can now add two separate 'Other' costs.
* There is a new option in 'Settings -> Amortization' which specifies whether the Extra Costs get split into monthly payments or not.

* Some UI enhancements

Fixes
======
* Extra Payments for Credit Card loans were not functioning properly
* Various fiddles and tunings

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If you like Loan Calculator, PLEASE consider rating it. You can do this very easily from the 'Settings' tab within the app. Just tap on 'Feedback' and choose 'I like it!'.

For all queries or issues please email support@mhriley.com. We will always try to reply promptly.

Many thanks for your support!