Loan Calculator‰

Best app to have handy for people who lend or provide money to family members. Great when purchasing a car to see what you are really paying for the vehicle and the must have accessories. Awesome for a quick look at the real cost of those payday loans. Figuring a second mortgage payment. There are a ton of fancy loan tools, apps and calculators out there but this is straight forward,fast and easy.

Great app to tell you the interest you would pay or your possible payments. Been using it for years.

The app is very easy to use and quick versus the lengthy inputs of other amortization apps. I use it frequently but make sure you realize that the monthly interest is an average over the life of the loan. It’s not even close to the P&I breakdown on the first years of your mortgage.

response required

Simple enough calculator. You enter your information and it gives you your payment. However the second line titled “monthly interest” is actually your monthly principal paid. Not your monthly interest. This is a big mistake I made in expecting this app to be correct and was pointed out to me by a client that I was giving financial advice. Boy did I feel like an idiot.

Everyone needs this app to figure out interest rates on loans. See how much interest you are paying , before you get a loan.