Pretty good app! – Loan Calculator Pro Review

This app has the basic needed features of amortizing a loan, offering an amortization table, calculating early payoffs with extra payments (monthly and annually extra payments), and showing the remaining loan balance with each payment. It also shows the total amount paid in principal and interest at the end of the loan which helps to compare which loan will cost more over the life of the loan. That helped me determine whether a lower interest rate would save me money. These features are what I needed to analyze my options for refinancing and paying off my loan early. Recommended additions would be to show cumulative interest paid and 'to date' interest paid (at year 5, total interest paid to date is $23,000). Also, maybe add year number in the amortization table-right now the amortization table shows the payment amount by number of payments instead of the number of year and months the loan has been outstanding. Overall very useful app!
Review by southerngirlnchi on Loan Calculator Pro.