CALCULATES ANY OF THESE AUTO LOAN TERMS: Monthly Payment, Loan Amount, Term of Loan, Annual Interest Rate, Purchase Price of Vehicle, Down Payment, Trade-In Allowance, Payoff Date, Effective Interest Rate, Total Interest Paid, Total Cost of Loan.
AMORTIZATION: Payment schedule is shown as a chart and a table with each row showing the payment date, amount, portions applied to the interest and to the principal, cumulative interest, and remaining unpaid loan balance.
EXTRA PAYMENTS: You can enter as many extra payments as you want with varying frequencies from monthly to annually to one-time payments. See how much interest you would save and how much earlier you would pay off the loan with additional payments.
EASY TO USE: Calculations are done live as you type and all data is automatically saved, so no need for "calculate" and "save" buttons. View and compare saved loan calculations at a glance in the card layout.
EMAIL OR SHARE: Share the loan calculation details and/or the amortization table over email or any other share target on the Android device. The amortization table can be attached to emails as a comma-separated values file (.csv) for importing into spreadsheets.