Loan Calculator - Loan2Me

I would like to see the app show a deferred payment. Many times when you buy a vehicle you have 30 or 45 days before your first payment. This obviously equates to part of the calculation of what your monthly payment is going to be based on the number of days interest is accruing from the actual date of purchase. I have not seen any loan calculator include this or offer this option. Every loan I have ever entered has never equaled the same as what the dealer calculates. I find that you enter the purchase price on the contract along with the number of payments and it’s off by a couple of dollars. I was told this is because it is adjusting for the number of days between the purchase and the actual first payment made.

Loan2me has been very handy for me. I have used it several times when closing a deal. Without it, I could have paid more interest on loans over the years. Say that you are buying a car, and the total interest over the life of the loan is 10k because you know your credit score. While you can't do anything about your % knowing that, you can negotiate a better price for the car you are interested in buying; paying less equals less in interest.

I downloaded all the other free apps and they were ok but they had either ads, they only displayed in portrait mode, or you had to scroll through options to choose how many years or months. This app, on the other hand, is ad-free (so far), and it updates every time you input information. I am so grateful, thanks!