Icon Loan Calculator Pro

Loan Calculator Pro

  • Finance
View in App Store

Loan Calculator Pro

  • Finance
4.7
13 ratings
Age Rating

4+

Seller
Steve Tran
View in App Store

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User Reviews for Loan Calculator Pro

5
Reliable and easy to use

I’ve been using this app for at least the last 8 years. I work in the mortgage industry and even with the abundance of calculators my company provides, I find myself using this one almost every day. When speaking with members, especially when discussing debt reduction techniques, this app is my go-to. Although many times I do use it in conjunction with other calculators on my computer, depending on the conversation, this one gives me the specific info I’m looking for. Again, very simple to use and I recommend this app. Especially if you want an easy way to figure out how much extra you would need to pay towards the principle of a loan on a monthly or annual basis to pay it off early. AND to get an idea of how much interest you would save. I was sending the info on this app to a member and noticed it only had 4 reviews and wanted to add my thoughts and appreciation regarding its reliability.

**Strider**, Jan 15, 2020
5
Possible update?

Is it possible make a change that would allow one to input extra payments at any time, not just on the same date each month? I ask as I have tracked a mortgage for years with this app, and would like to be able to see the impact of making extra payments since I typically end up making them at random times throughout the month based upon my income.

AustinN84, Jul 08, 2022
2
Not Quite There

I thought this was the number 1 app for a reason and it's the wrong reason. People are getting duped into buying this lack luster app. First of all there is not a seperate screen for the different types of loans, eg. Auto Loans. Normally you would want to have a place to enter-in a sales tax and down payment. to help figure in the total cost of the loan. Well there is not, you still have to do that math in your head or just switch over to the iPhones built in calculator and do it there. Second, I have plugged in a couple of loan calculations after all the extra figuring I had to do, saved it, then went back to retrieve it from the "saved" loans and what do you know...It didn't save it, and only displayed the default "Home" loan when you launch the app for the first time.

Bad with Math, May 23, 2009
5
Thanks for the update

Thanks for the update,,,, been using this since forever. Was afraid it was going away.

cbwx34, Sep 12, 2016
5
For those in debt, a great in-depth loan calculator.

Are those out of control interest rates on your mortgage driving you crazy? Ever wonder if you’ll ever payoff that student loan? Then maybe it’s time to get a hold of a tool like Loan Calculator Pro v1.7. Loan Calculator Pro v1.7 features an intuitive menu, an easy to use interface that allows you to save, edit, and even e-mail your loan calculations with a single tap. Among its best features is the scrollable loan schedule option where you can see exactly where your money is going and how much of it is actually being used to reduce your balance. If you're looking for a way to quickly analyze a loan or to simply make a calculation (be it payments, interest, principal, etc.) then this app is for you.

Danny_1985, Aug 17, 2009
5
Great App

This is a very easy to use loan app. Provides details of the interest paid at the end. Comes in very handy.

knarf78501, Jun 05, 2017
5
Long Time User

I've been using LoanCalcP for a long time now and I must say that it's there when I need it. It has been a problem free app since the early release.

Pi math nerd, Sep 25, 2016
1
Has potential

This app has great potential but falls short. It’s like the developer got 75% through development and decided to publish the app. The numbers are in the ball park without the principal payment. Doesn’t include any PMI options.

Sir Peachey, Jul 13, 2022
4
Pretty good app!

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!

southerngirlnchi, Jun 03, 2012
5
Best Loan App

Use this app all the time and love it!

TTaylor1982, Jan 15, 2020

Description

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.

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