MarzaPower today releases My Own Loan 2.5 a simple new iOS app. This app gives the user the possibility of understanding how much a loan, or a mortgage will cost, by modifying some simple details. The user selects the duration of the loan, the rate and the capital requested, and the app will give back a detailed amortization schedule. For each month the user can see what is the amount of the capital being repaid and the amount of the interest paid to the bank.
Mario Erceg today released Loan Pro Calculator 1.0 for iPhone, iPod touch and iPad. Loan Pro Calculator is a professional and comprehensive annuity and interest calculator. It supports linear and compound interest calculations for many different countries with various banking practices and laws. Users can quickly and easily have the app work out their equal annuity, equal principal and bullet payments, as well as capitalization of interest and the incorporation of grace periods in their loans.
Matthew King announces an update to Loan Calculator – What if? 4.2 for iOS. This app calculates the monthly payment for any fixed rate loan including mortgage, auto, credit card and more. It also calculates “what if” scenarios to determine how additional monthly or yearly payments will help pay off a loan early and save money in interest. For those shopping for a home or car, thinking of refinancing, or seeking ways to save money, this application is a must-have.