Loan Calculator Pro

Super easy to learn this app and track the progress of loan payoff. It’s a perfect loan calculator with all the basic stuff you need without getting too fancy or bombarding you with ads. The app doesn’t try to influence you to borrow more money like every other platform either. It just makes it easy. You can see how additional principal payments will affect your total interest payed and how many days/years it would shorten the loan. And you can save multiple loans. I’ve been using it since I bought my house and I friggin love how simple it is. It’s great for seeing how a different interest rate will impact your payments, etc. I know there are more capable apps out there but in my reality they’re all overkill. I’m sticking with this one.

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.

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.