LoanPlanPro

LoanPlanPro, your reliable companion for understanding mortgage calculations. With this app, you can easily calculate your monthly and annual payments for any loan, analyze the total interest paid over time, and manage your mortgage history effectively. The app is designed for simplicity and utility, making it ideal for anyone planning their finances.

Key Features
• Mortgage Calculator: Enter your loan details (amount, interest rate, and duration) to calculate your monthly and annual payments.
• History Tracking: Save all your mortgage calculations with timestamps for future reference.
• Result Sharing: Share your calculations with others through your preferred communication apps.
• Keyboard Toolbar: Conveniently dismiss the keyboard using the "Done" button on the toolbar.

Mortgage Formula
LoanPlanPro uses the following standard formula for calculating fixed-rate mortgage payments:
M=P×r(1+r)n(1+r)n−1
M=P×(1+r)n−1r(1+r)n
Where:
• M

M = Monthly payment
• P
P = Loan amount (principal)
• r
r = Monthly interest rate (annual rate/12/100

annual rate/12/100)
• n
n = Total number of payments (years×12)