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Amortization Loan Calculator

Amortization Loan Calculator

Amortization Schedule & More

1.1K ratings
16 reviews
With Ads
🔧 Utilities
💰 Finance
Free
In-App PurchasesWith Ads

Details

  • Released
  • Updated
  • September 23, 2018
  • February 2, 2023

Features

Developer

JC Accounting & Innovative Technologies, Inc
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Amortization Loan Calculator screenshot #1 for iPhone
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Amortization Loan Calculator screenshot #4 for iPhone
Amortization Loan Calculator screenshot #5 for iPhone
iphone
ipad
🧾$2.99
In-App Purchase↘︎
📌Ready
Reviews summary↘︎
⭐16
Reviews↘︎
📝19+ tags
Tags↘︎
🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
Updates frequency↘︎
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About

This tool calculates loan payments and generates detailed repayment schedules. It allows for extra payments, visualizes the repayment progress, and tracks total interest paid. Users can save multiple loans and share schedules easily.

✓Calculate loan payments
✓Generate repayment schedule
✓Add extra payments
✓Graph repayment schedule
✓Calculate total interest
✓Save multiple loans
Show original description

What users say

Summarized from real user reviews of Amortization Loan Calculator. Based on 1.1K reviews and a 4.7/5 average, it highlights the 6 positives and 6 negatives reviewers mention most about this Finance app.

Positive things

  • 👍Easy to use and understand
  • ✅Accurate calculations
  • 💾Ability to save loans
  • 🎯Simple and convenient interface
  • 📊Helpful for mortgage planning
  • ➕Can add extra payments to individual months

Negative things

  • 📢Too many ads cluttering the interface
  • 💰Unexpected payment requests without clear pricing
  • 🔧Limited functionality (30-year mortgages only)
  • ⚠️Calculation accuracy issues reported
  • 🐛App crashes and freezing problems
  • ❌Confusing user interface with unclear controls
See all reviews

What's New in Amortization Loan Calculator

1.3

February 2, 2023

• Updated UI and improved look & feel. • Added annual amortization schedule. • Added pie chart. • Added interest vs total paid percentage comparison.

More
1

In-App Purchases

$2.99

Amortization Purchase

Complete access and removes all ads.

User reviews

Most RecentHighest RatedLowest Rated

Easy to understand

Easy to use, accurate, and you can save your loans.
WideisoWideiso

Love this amortization

Love the simplicity of this one.
HanoverjohnHanoverjohn

Very good apt but…..

I like this apt. It mostly gives me the info I need. If I could suggest adding a feature, it would be the ability to add dates to when the loan was created and when payments are made. Now it is only payment #’s. Dates would give me a better picture of where I’m going & what future moves would do.
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Fedup600Fedup600

Simple and brilliant

Great app for tracking home loan repayment goals!
hollyephohollyepho

The best

Love everything . Helps me plan out my mortgage in paying off my loan early
God I’d greatGod I’d great
See 11 more reviews

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User experience

🐞

Reported Bugs

6 issues

App crashes when editing interest rate field

Bug

Cannot change loan term length from 30 years

Bug

No visible calculate button or calculation trigger

Bug

App becomes unresponsive after entering data

Bug

Incompatibility with iOS 12 and newer versions

Bug

Calculation errors producing incorrect numbers

Bug
✨

Requested Features

5 requests

Add date tracking for loan creation and payment dates

Feature

Support for variable loan terms (not just 30 years)

Feature

Biweekly and accelerated biweekly payment options

Feature

Payment frequency flexibility beyond monthly payments

Feature

Clear calculate button or improved UI guidance

Feature

FAQ

What does the Amortization Loan Calculator do?

This app calculates your loan payments and generates a comprehensive amortization schedule. It helps you visualize your repayment progress, track total interest paid, and understand the impact of making extra payments towards your loan.

What are the key features of this loan calculator?

Key features include calculating loan payments, generating detailed repayment schedules, the ability to add extra payments, graphing the repayment progress, calculating total interest, and saving multiple loans for easy access. You can also share your repayment schedule via email.

Is this app free to use?

The app is free to download and use, but it does contain advertisements. There are also in-app purchases available, which may unlock additional features or remove ads.

Who is this app designed for?

This app is designed for anyone who needs to manage loans, such as mortgages, car loans, or personal loans. It's particularly useful for individuals who want to understand their repayment timelines, calculate interest, and explore strategies for paying off debt faster.

Can I save multiple loans in the app?

Yes, the app allows you to save multiple loans for easy access. This is beneficial if you have several loans or want to compare different loan scenarios without having to re-enter all the details each time.