LoanCalc accurately calculates mortgages and loans with the same precision as lenders.
LoanCalc is an excellent software tool that simplifies the complexity of home loan calculations. It is designed to utilize the same formulas used by the banks, taking out the need to spend an arm and a leg to get accurate calculations. Developed as a plug-in for the HomeLoan Comparison software, LoanCalc is the engine that drives it, giving users an experience of the power it possesses.
One of the impressive features of LoanCalc is the input variables, which includes the introductory interest rate, introductory period (in months), standard interest rate, establishment/startup fees, monthly fees, annual fees, repayment frequency, principal (borrowing) amount, repayment amount, and the term (maximum life in years). All these variables can be inputted for proper calculations.
The returned calculations are also breathtaking, with details such as minimum repayments, total months (until the loan is paid out), total interest charged, total fees charged, and total costs of the loan. Moreover, the software features an amortization table based on the opening balance, repayment amount, interest charged, fees charged, and closing balance.
The software requires FileMaker Pro to function effectively. If you're seeking a reliable and accurate software tool for your home loan calculations, LoanCalc is the perfect fit for you. Download the HomeLoan Comparison software to get the LoanCalc in action and enjoy the range of benefits it provides.
One of the impressive features of LoanCalc is the input variables, which includes the introductory interest rate, introductory period (in months), standard interest rate, establishment/startup fees, monthly fees, annual fees, repayment frequency, principal (borrowing) amount, repayment amount, and the term (maximum life in years). All these variables can be inputted for proper calculations.
The returned calculations are also breathtaking, with details such as minimum repayments, total months (until the loan is paid out), total interest charged, total fees charged, and total costs of the loan. Moreover, the software features an amortization table based on the opening balance, repayment amount, interest charged, fees charged, and closing balance.
The software requires FileMaker Pro to function effectively. If you're seeking a reliable and accurate software tool for your home loan calculations, LoanCalc is the perfect fit for you. Download the HomeLoan Comparison software to get the LoanCalc in action and enjoy the range of benefits it provides.
What's New
Version 2.0: N/A