Loan Estimate helps users model how different loan parameters (amount, interest rate, term, payment schedule, and additional payments) affect loan duration and total interest paid
Loan Estimate
What is it about?
Loan Estimate helps users model how different loan parameters (amount, interest rate, term, payment schedule, and additional payments) affect loan duration and total interest paid. Enter loan properties and see the amortization schedule, payment breakdown, and how extra payments reduce interest and shorten your loan.
App Screenshots
App Store Description
Loan Estimate helps users model how different loan parameters (amount, interest rate, term, payment schedule, and additional payments) affect loan duration and total interest paid. Enter loan properties and see the amortization schedule, payment breakdown, and how extra payments reduce interest and shorten your loan.
Features:
- Interactive loan form with monthly/biweekly payment schedule options
- Real-time payment, term and interest calculations
- Add one-time or recurring additional payments
- Amortization schedule with principal/interest breakdown
- View summary of total cost of your Loan and possible saving with extra payments
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