Gizmo Loan Calculator is a simple application for calculating a loan's cost and monthly payment.
The application support two loan formats, a general loan and more specialized car loan calculator. Both loans will provide you with information about the loan cost (the principal amount borrowed plus the total interest paid over the life of the loan), the monthly payment, and an amortization table displaying the principal and interest of each payment.
The application also provides you the ability to save loans and to reload and rerun the calculation of the loan at a later time. This provides you the ability to compare differences in loans based on interest rate and/or the length of the loan.
What's new in this version:
-> Widened the month and year selection fields of the loan length pickers.