Worked examples and plain-English guides to every Loan Calculator feature — from flat vs reducing interest to early payoff and refinancing.
A 12% flat-rate installment plan costs about 21.6% a year in reducing-balance terms. Worked example, formulas and how to compare both in Loan Calculator.
On a $300,000 mortgage at 6.5%, the first payment repays only $271.20 of principal. Learn each column, the yearly view, due dates, charts and exports.
On $300,000 at 6.5% over 30 years, equal principal saves $89,323.05 in interest but starts $562.13 a month higher. How both methods work and when each one fits.
A $10,000 loan at 12% with a 3% processing fee and 0.1% monthly insurance really costs 17.25% a year. How true APR works and how to see it before you sign.
A $300,000 mortgage at 6% for two years, then 8.5%: the payment jumps from $1,798.65 to $2,284.40. How promo-then-floating loans work and how to test them.
A $200,000 loan at 7% with 24 interest-only months: $1,166.67 a month at first, then $1,631.00, and $8,155.00 more interest. How a grace period really works.
See how your down payment sets the loan and the LTV. On a $400,000 home, going from 20% to 30% down cuts the payment by $252.83 and interest by $51,015.52.
Know three of amount, rate, term and payment? Solve for the fourth. $350 a month on $18,000 over 60 months works out to 6.24%, and a $2,000 budget buys $316,421.64.
$200 extra a month on a $300,000, 6.5%, 30-year loan clears it 83 months sooner and saves $103,450.19 of interest. See how start date, raises and fees change that.
A $30,000 lump sum on a $300,000, 6.5% loan saves $118,431.47 of interest if you shorten the term, but $35,222.02 if you lower the payment. Here is how to choose.
Refinancing $250,000 from 7.25% to 6.25% with a 2% fee saves $157.85 a month and breaks even in month 32. See when a rate cut pays off and when it never does.
Three $20,000 loan offers, three different "cheapest" answers. How to compare loan offers side by side by payment, total interest, APR incl. fees and total cost.
Turn your income and a debt-to-income ratio into a maximum loan and price, see how existing repayments change the answer, and check the true APR of a quote.
A $5,000 card at 22.99%: the 2% minimum never clears it, a fixed $200 does in 35 months. Compare minimum and fixed card payments by payoff time and total interest.
Put $1,000 aside, add $100 a month at 5%, and after 10 years you have $17,175.26, of which $4,175.26 is interest. See how deposits, time and rate drive compound growth.
A $30,000 car leased for 36 months at 6% with a 55% residual costs $430.69 a month. See how residual value, money factor and down payment set a car lease payment.
Paying every two weeks saves just $275 on a $250,000 loan, but paying half the monthly amount every two weeks saves $73,439. Worked numbers and how to compare them in the app.
A 28-day February costs about 8% less interest than annual rate ÷ 12, and a 31-day month about 2% more. See a $300,000 example and switch the app to actual days.
Tick each payment you make, get a monthly reminder and see the next due date on your home screen. A $25,000 loan example shows how the actual balance is worked out.
Your saved loans stay on your phone. See exactly what the app does send, how App lock and Hide amounts work, and how to back up your loans to a file you control.