Total: 67327 apps , New today: 0 , Updated today: 0 Sign in with a Google Account


Home  »  Finance  »  Loan Calculator

Loan Calculator image

Loan Calculator - FREE

by Arnaud MEYNIEL, Version: 1.0.2 , 95 KB  

Package name: com.ameyniel.credit , Last Update: 2012-09-27 06:36:03


110 ratings (4.445 average)

10,000-50,000 downloads


What's new in this version (1.0.2):

- Multiple usability improvements
- Changed the name of the app.
- Cosmetic fixes

Description

Revolutionary loan calculator offering all possible calculations inside the same form:
- amount + duration + rate -> monthly payment
- duration + rate + monthly payment -> amount
- amount + rate + monthly payment -> duration
- amount + duration + monthly payment -> rate

Suitable for all types of loans: mortgage loan, car loan, ...

This single form helps finding its ideal financing by trial and error. For example:
- I'm considering buying a property $ 250,000, loan rates are around 4% and I prefer borrowing over 20 years.
- So I know the amount [250 000] duration [20], rate [4] and requests the calculation of the monthly repayment. The amount: $ 1,514.95.
- I only have a monthly budget of $ 1400.
- I then replace the monthly payment calculated by [1400] and ask to recalculate my borrowing capacity. Its amount $ 231,030.
- It is probably too low to negotiate the price with the seller. What if I increased the loan period?
- I replace the term by [22] and request to recalculate my borrowing capacity. Its amount $ 245,536.
- Maybe I could negotiate a bit the rate to the bank to do even better.
- I replace the rate by 3.9% and recalculate my borrowing capacity. Its amount $ 247,865.
- An offer at that price will surely be accepted.

Possible inclusion of insurance fees.

Can be installed on SD Card.

Please report potential issues on http://www.ameyniel.com.

Loan Calculator screenshot 1 Loan Calculator screenshot 2

Apps from the same developer

Caller Locator When your phone is ringing, Caller Locator uses the incoming telephone number to display the caller's geograph ...

Related Android Apps

USAePay USAePay Point of Sale and Credit Card Payment System
Net Worth High-end stock portfolio viewer and very useful widget
Expense Log Simple on-the-go expense tracker. Add expenses as you incur them, save recurring expenses as favouri ...
aAccounting aAccounting is a financial accountig system for daily accountancy work
PGM-Invoice Demo PGM-Invoice Demo is the fast and easy way to issue invoice on Android smartphone


Find more Android apps and games

Androlicious.com is a website that shows applications and games from Android Market. You can download and install apps and games directly from Android Market using an Android phone or by using WebConnect mobile application.