Amortizing Loan Calculator 1.2

Amortization is an accounting term that describes the change in value of intangible assets or financial instruments over time. If you've ever wondered how much of your monthly payment will go toward interest and how much will go toward principal, an amortization calculator is an easy way to get that information.

With this application, simply input the loan amount to calculate monthly payments, along with your principal balances by payment, total of all payments made, and total interest paid.

Key Features:

1. A simple process to enter loan amount, interest rate, and loan terms. Tap on "Calculate" to determine your monthly payment.
2. If you're unsure of your loan amount, use the secondary option "Amount" to input your affordable monthly payment and discover your eligible loan amount.
3. Utilize the extra payment feature to evaluate how quickly your loan can be paid off.
4. A Pie Chart illustrates the percentage of interest or principal relative to the total loan amount.
5. The bar chart displays both principal and interest paid throughout the loan's duration on a unified bar chart.
6. An amortization schedule provides a detailed breakdown of each annual or monthly payment, highlighting the portions allocated to principal and interest. Additionally, it offers insights into the total interest paid at different points in the loan's lifespan and the corresponding principal balance.
7. Retain your last calculation so you won't need to re-enter data.
8. Easily share results in Print-Friendly PDF format with friends via chat, email, or social networks.
9. Includes a financial terms dictionary to aid users in understanding key finance and accounting terminology prevalent in business settings.
10. Operates seamlessly even offline.

For any inquiries regarding new features or customization options, please feel free to contact support via email. Thank you.

Disclaimer:

This calculator serves as a self-help tool for personal use and does not offer investment advice.