The savings can be big. Consider a 25 yr, $250k mortgage with 5% interest. A bi-weekly repayment plan will deliver savings of about $30k and will be paid out in 21.5 yrs.
Loan Calculator Saver is fun to use and has great features like:
- Touch Sliders to set loan term and interest rates
- A Touch Switch to set the accelerated repayment plans
- Side-by-Side comparison report that tells you clearly where the savings are
- A detailed repayment schedule for the various repayment options
What's new in this version:
It has a Splash Screen.
Connects to Itunes to get other iAppLogic apps.