MyLoanCalc is a powerful and easy to use personal loan and mortgage calculator supporting the following features: - Calculate price, down payment, interest rate, loan length and payment.
- Quickly display and compare different loan scenarios.
- Reduce loan length by making up to two additional prepayments at different intervals
- Calculate how much time and interest payments may be saved by making additional prepayments.
- Generate amortization tables with and without prepayments to display principal, interest, total principal and interest paid, total principal and interest remaining, and due date of each payment.
- Calculate payments based on yearly, semi-yearly, quarterly, monthly, semi-monthly, bi-weekly, weekly, or daily payment schedules.
- Determine what price and down payment you can afford based on your budget.
- Amortization table allows you to display the principle and interest portion for each payment.
- For each payment, display the total payment, principle and interest paid, or still owing.
- Based on a loan start date, display the due date for each payment.
- Very intuitive interface with complete screen-sensitive help.
- Supports interest only loans.
- Variable interest compounding periods, including compounding periods for United States and Canadian loans.
- Selectable calculation precision form 2 to 6 decimal places.
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