Loan Calculator Pro
| Category | Price | Seller | Device |
|---|---|---|---|
| Finance | $0.99 | Steve Tran | iPhone, iPad, iPod |
Loan Calculator Pro is an easy to use financial calculator. Within seconds, you will be able to calculate the monthly payment for different types of fixed rate loans such as home mortgage, auto, and credit card. You can calculate "what if" scenarios to determine how additional monthly and yearly payment will help you to pay off your loan earlier and save money in interest. In addition, you can use Loan Calculator Pro to track all your extra payments at any amount and at any point in the life of your loan.
FEATURES
* Early Payment Simulation
See how much interest you will save and how early you will pay off your loan by entering extra payment amounts per month and/or per year.
* Extra Payment Tracking
- Loan Calculator Pro will let you track all of your extra payments in variable amounts throughout the life of the loan. For example, it will let you track an extra $100 in principle on the first payment, an extra $300 on the 5th payment, and an extra $1000 one the 10th payment, etc. This way, the application will still be useful long after you have purchased your property and will let your know exactly where you are with all your loan payments.
* Fast Calculations
- Loan Calculator Pro is designed to be fast. Calculations are done instantly after you enter each amount field.
* Large Numeric Keypad
- The large keypad allows for easier, faster, and more accurate entry of numeric amounts.
* Amortization Table
- A complete payment schedule allows you to view the amount, interest, principal, and remaining balance for each and every payment of the loan.
* Bookmark of Payments
- You can bookmark the current payment you are at in the amortization table and the application automatically scroll to the memorized payment the next time.
* Saved Loans
- Loan Calculator Pro lets you save and organize all your various loans in a list so you do not have to enter the information over each time. It will also remember and opens up the last saved loan you worked on.
* Loan List Reordering
- You can reorder the loans from the saved list in any order you choose.
* Email Export
- Export loan information and payment schedule via email.
* Passcode Security
- Passcode protection to keep your loan information private.
* Backup / Restore
- Backup your data to your computer for safekeeping. Then restore it to your iOS device when you need to via the iTunes file sharing interface.
* Intuitive User Interface
- Special attention was given to the user interface to ensure that it is clean, intuitive, and easy to use.
Reviews
Loan calculator Pro
Ahdyejjeu
I had given only 1 star before because if you enter the year and the month it gave you an incorrect payment if you enter one of the two it works perfect.
Pretty good but needs a couple things
Garnet6106
It would be great if you added the ability to add property taxes and insurance so you can find out what the total monthly cost would be. Many people have excrow accounts set up for these items and would like to know what their total monthly outlay is going to be. Also, association dues would be another possible monthly expense that could be added.
Not impressed
Lake runner
I don't usually write reviews but this app is not worth a buck. It would be somewhat usefull if you could choose start and end dates or if u could choose the payment and have it calculate term. This is about the same as the free apps. It makes it sound like you can track your payments. You cannot. Only the payments you make extra. How do I know If I'm on payment number 55 or 60 if I can't check them off.
Owner
Availabob
I have several loans that I'm carrying the note on. This app makes it easy to compute remaining principle for my loans that prepay.
Lame
maxn99
Limited functionality. Not much to this 'app'. It has a basic loan calc screen...and that's it.
Great App!
kltfl
The loan application is well designed and very polished. It's also fast and very easy to use. I highly recommend!!!
Exactly what I needed!
Jseamonkey
I have been looking for an app like this for a while, this is the only one I found that will track extra mortgage payments of unique amounts that are non recurring. This app offers the flexibility to let me enter payments exactly as I make them and then summarize my interest and time savings for the lifetime of my loan! I don't have to track this through only excel anymore, I can have this handy at all times.
Very nice, but edits need additional programming
skreien
There is no way to apply an additional payment to multiple monthly payments. For example, to add additional payments onto four years worth of payments in a loan, it would require 48 edits. Or you can add the extra payment option in the calculator screen, but then there's no way to mark a lesser amount paid than the sum of the regular payment plus extra payment for the entire life of the loan, limiting that feature's usefulness to pre-loan calculations only. I sent an email to the dev requesting additional capability, hopefully he will respond.
Great loan payment tracker.
Jimmywell
This loan calculator is unique in that it lets you track all your payments. I like to pay off my mortgage as early as possible with extra payments whenever I can. This app lets me track how much I pay each time and the affect on the remaining balance so I will know when I will be able to payoff completely!
