# Monthly Payments

> Loan calculator for monthly payments and interest using amortization formula. (iPhone/iPad app by Zion Software, LLC.)

- Source: https://appshunter.io/ios/app/monthly-payments/id371886724 (this page in markdown: same URL + `.md`)
- Developer: [Zion Software, LLC](https://appshunter.io/developer/371886727)
- Category: Finance, Utilities
- Price: Free
- Rating: 5.00/5 from 2 App Store ratings · 4 written reviews indexed
- Age rating: 4+
- Requires: iOS 6.0 · 4 MB
- Languages: American English, French (France), German (Germany), Italian, Russian, Chinese (Simplified, China), European Spanish
- Released: 2010-05-17
- Data updated: 2026-06-05
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/monthly-payments/id371886724/reviews.md

## What is Monthly Payments?

Monthly Payments is a simple loan calculator to compute monthly payments and interest on a given loan amount for a given duration (# of months) and % interest rate. Monthly Payments uses the Amortization formula found on: http://en.wikipedia.org/wiki/Amortization_(business)

## Key features

- Loan payment calculation
- Interest computation
- Amortization formula
- Loan amount input
- Duration input
- Interest rate input

## Recent user reviews (4 of 4)

All indexed reviews: https://appshunter.io/ios/app/monthly-payments/id371886724/reviews.md

### 3/5 — Very helpful

*2012-02-13, version 1.0*

Buying a house and I hit this app. daily, thanks!

### 4/5 — Then12010

*2011-02-22, version 1.0*

Great app but, it doesn't show how it calculates those figures.  Besides that, I gladly give it 5-stars :)

### 5/5 — Just five stars because...

*2010-08-07, version 0*

COOL.  I like it!  Thnx dad!  My dad made this.  Go Zion software! :)  Just to calculate...  ;)

### 4/5 — Just what I wanted

*2010-06-10*

Calculates monthly payments after principal, number months to pay off, and, interest rate is entered.

## Frequently asked questions about Monthly Payments

### How does Monthly Payments calculate loan payments?

Monthly Payments uses the standard amortization formula, a widely accepted method for calculating loan payments and interest over time. This ensures accurate financial projections for your loans.

### What information do I need to use Monthly Payments?

To use Monthly Payments, you will need the total loan amount, the duration of the loan in months, and the annual interest rate as a percentage.

### Is Monthly Payments free to use?

Yes, Monthly Payments is completely free to download and use. There are no hidden costs or in-app purchases required to access its full functionality.

### Does Monthly Payments have ads?

No, Monthly Payments does not contain advertisements. You can use the app without any interruptions from ads.

### What devices is Monthly Payments compatible with?

Monthly Payments is designed for iOS devices, including iPhone, iPad, and iPod. It is optimized for a seamless experience across these platforms.

### How often is Monthly Payments updated?

The app was last updated on November 2, 2014, with version 1.2. While updates have not been frequent recently, the core functionality remains stable.

### What is the age rating for Monthly Payments?

Monthly Payments has an age rating of 4+, making it suitable for users of all ages. It is a straightforward financial tool with no mature content.

### What do users think of Monthly Payments?

Based on the available data, Monthly Payments has received a perfect 5.0-star rating from 2 users, indicating a highly positive user sentiment.

## Version history (last 3 releases)

### 1.2 — 2014-11-02

This app has been updated by Apple to display the Apple Watch app icon.

Updated for iOS 8, 4", 4.7" and 5.5" iPhones. Added language support for Chinese and Russian. Moved iAd to the bottom of the screen.

### 1.1 — 2012-08-21

Changed Button label from "Calculate Payments" to "=" for all languages. Pressing "=" also triggers calculation. Modified button layout. Updated app icons and graphics for retina displays. Added iAds to buy coffee to fuel future development of this app.

### 1.0 — 2010-05-17

No release notes.

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## More apps by Zion Software, LLC

- [BLE Workbench](https://appshunter.io/ios/app/ble-workbench/id6738371771)
- [BluKit Workbench](https://appshunter.io/ios/app/blukit-workbench/id6747599806)

All apps by Zion Software, LLC: https://appshunter.io/developer/371886727

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-05.*