Browser-based loan calculator | Download Product Review - CNET

Browser-based loan calculator

Find out about your loan with this free, easy-to-use, browser-based calculator.

Web Loanalyzer is a free loan calculator written in HTML and JavaScript. It quickly analyzes a loan's parameters and explains in plain English how long it will take to pay the loan off, how much interest will be paid, and so on. We took a look at Web Loanalyzer Q1.

We extracted Web Loanalyzer's zipped program file and clicked it, which opened the calculator in our Web browser. Web Loanalyzer is locally hosted, so you don't need an active Internet connection to use it. The program's interface is small, about the size of two banner ads together and just right for embedding in a Web page. We entered our hypothetical loan's start month and year, interest rate, monthly payment, payoff amount, and currency type, and we also selected a checkbox labeled Show Table. We clicked Calculate, and in short order (practically instantaneously) a JavaScript box popped up with a detailed yet clear analysis that told in normal language exactly how many months it would take to pay off the loan, the average and maximum interest, and other useful data. Clicking OK closed the box and opened a Financial Analysis table in the browser view. This page repeated the detailed analysis above a table detailing each payment, the interest and principal paid, and the remaining balance. The only active control on the page was a Print link. To reset the tool, we simply browsed back a page. We could also click Clear to reset the fields at any time. A button labeled Demo offered sample entries, while the ReadMe file contained some simple instructions and a Web link, but that's about all the assistance this ultrasimple tool requires.

Web Loanalyzer is simple to use but yields useful information presented in a very clear and easy-to-understand manner.

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