Easy Loan Payoff Calculator App Reviews

Why can’t I add a one time extra principle payment? What’s the point in every month if you don’t do that?

Simple, accurate and tells you what you need to know!

I use this all the freakin time.

My go to app for finance

It’s fast, easy, accurate. Used it when I was looking to buy. When I bought. When I refinanced. Be sure to add property taxes and insurance costs to “additional monthly” to get the accurate impound number.

This is an awesome tool. I use it quite often. I even recommended it to a loan person who hadn’t heard of it! Thank you for such a handy app. You’ve taken much of the mystery out of finance!

But it doesn’t give any dates or specific years. A lot of other loan calculators will tell you your payoff date. This just gives you number of payments, which is frustrating.

I love this app! It’s very accurate. Always within a couple of dollars.

I got this app because I’m trying to keep track of a personal loan I got for my house. I wasn’t able to get a traditional mortgage and needed to finance the rest of what I owed for my house and land. However, this app only shows you what the payments will be and how much interest you will pay each month. It doesn’t allow me to make extra payments and watch what changes. I was very disappointed that I paid my hard earned money for this app.

I use this all the time.

I use it constantly. Very easy to update and get new results. Thank you!

Love this app. It’s simple to use and gives me everything I need as a consumer to quickly figure out what I can pay, how much more I could add for faster payoff and a payment table to keep track!!

I've been using the free version for a few years--it's a great, handy app. I decided to purchase this one because I wanted to calculate how many months would be knocked off my loan if I apply my tax refund towards the principle. I'm very disappointed that the only two "what if" scenarios are adding a payment each month or adding an annual payment. I'll gladly change my review to 5 stars if the developers add a "one time payment" scenario.

Use it all the time thanks!!!

Great App saved my bacon more than a few times.

Very happy with this app, works as advertised and much more!!

Makes other similar apps obsolete

Needed a calculator to help with loan calculations on the fly. This works great!

I love this app. It does exactly what it's supposed to do & easy to use

I use this every day to assist in calculating, forecasting and planning. Its perfectly simple but offers everything you need.

I have used it for many years and it's my default calculator for calculating loans and financial amortisation

This is a great app; easy to use and versatile!

Not good. This app is very simple, it should be free, plus support is nonexistent.

Don't spend the money. Terrible..

I love being able to crunch the numbers faster than the banker! Easy to use and the ability to consider all the possibilities in seconds! Truly a must have app!

Easy to use and works well and fast... Love it!

I just love this app. It does everything that I need a financial app to do. I prefer using this as opposed to using mortgage calculators.

Simple to use. Just input loan amt. term and rate- and your payment appears It has amortization schedule to track your current loan balance. It would be nice to input your max pmt to figure out your max loan.

I downloaded this app thinking it would actually be useful for working on quotes for customer. I was wrong. There is no spot to figure in taxes. No spot to add down payments or insurance to help accurately figure out true payments. This app is just a simple calculator. Not happy

Doesn't do what it says it does

It's convenient and simple to use. I've used for many different reasons and is nice to have quick access on smartphone.

Works great, easy to use, and helped me manage payments to get my car paid off 14 months early.

I bought the app for .99 cents on iTunes and a "gold membership" for $29.99 also showed up! Do not buy!! Fraud!!

As a college student, this is a great application to keep track of my student loan payments and calculations! It is essentially a loan calculator, and I will definitely recommend it to anyone wondering if they should use it. It also helps with mortgage calculations and finance in general.

Easy to use and simple to understand.

I love this app. It's a way for me to keep track of my mortgage amortization, my car loan, and any general financing calculations I want to consider. It also shows me what adding small additional monthly payments will do to help me pay off my loans earlier. A great tool!

This has been a great tool, while shopping for a mortgage and car loan !!

OK, calculating interest is simple. So why am I still sitting here after 10 minutes trying to figure out this program? People want to buy a program like this in order to make simple calculations about paying off a loan. I'd like to be able to input my data and then run about 10 different solutions to figure out what would work for me in paying off a loan. If this does this I sure can't figure it out after 10 minutes because it is not idiot proof or it does not do that. In either case if a software program takes more time for me to figure out than buying another software program then it is poorly designed. This package is poorly designed.

This app has been so useful: 1. When I was trying to sell my house last year and people wanted to do contract for deed and I needed an easy way to figure what the monthly payments would be for whatever I was trying to sell my house. 2. When I want to do "what if" situations about a home equity loan against my house and see from various amounts I am considering borrowing, what my monthly repayment amount would be. 3. When my wife loans me a sum of money to help me pay something, how many months I need to knock off of her (share of the bills) $500 monthly payments to pay her back. It is so super to be able to play with different loan amounts, interest rates, and length of time to repay scenarios to compare the various monthly payments on what works best for me. Hope this review helps. 😉

I use it all the time. I do wish it could do other calculations. Such as enter interest and how much of a payment and it would calculate the loan amount. Or any variations..

I am planning on purchasing an RV. This program has been perfect! It's fast & easy to calculate any financial question I need answered! I have several similar apps on my phone but this is the only one I use.

Developer keeps the app updated periodically and it always works. What else could you ask for?

Very simple, tell me what I want to know including "what if" scenarios! Highly recommend!

I have been able to use this app to create many different scenarios for financing to show my consumer what additional money can go towards paying back the loan I love this application

Always updated. Clean and useful. Love the appearance and always works well. Thanks for keeping it updated.

This Loan Calculator is perfectly named, because it allows you to brainstorm the effect of added payment amounts to a given loan. Many people are unaware of the drastic effect extra money makes to the payoff date. It's an eye opener to be sure.

Use this all the time. Very easy to use and love the app!!

Works great, I use it a lot

Anyone with a long term loan (car, boat,house, etc) should have this app. It's amazing how a few dollars of extra principal each month can reduce the loan length. This app is simple to use and will show you what you can save on time and interest.

Straightforward & well laid out.

This app gives you a good ballpark figure as to what your payments will be. The add a payment feature is extremely helpful when you're trying to pay off a debt

This is my go to calculator! I use it all the time. I have a couple loans that I keep track of and I am always looking for ways to reduce my interest.

This app is fantastic I use a least three times a week to check payments on different interest rates on car loans and home mortgages.

Allows changing parameters to see "What If". The only improvement would be to allow "Month Payment" to be a parameter and let something else be the solution.

This is a very quick app to use. I wish it had a few upgrades to make it a bit more user friendly.

Works great & easy to use. Has a nice emailing feature

How about a feature where I can type in the payment and solves other parts of loan details

Virtually useless for anything but the most simple of loan calculations. Quite simply, there are MUCH better and more powerful loan calculators out there, particularly for mortgages.

Great app. Very simple to use and generally straightforward. I like using it is the best review I can give

Super simple and easy to use. Intuitive. The what if makes it easy to see how much faster to pay off your loans.

This app is simple to use for what I need. It allows me to see exactly what a monthly payment will be given a set balance, interest rate and time.

As a lawyer who has to get quick estimates. This is a cheap and quick loan calculation. I have used it agains and again event bough I have six other more complicated financial calculators. Good job.