CNET Editors' review
This very stripped-down and cost-free loan calculation tool helps users quickly determine interest rate, terms, and payments, but it lacks any sort of advanced features. The program's interface is beyond simple, with input fields for loan amount, annual interest rate, total number of payments, and payments per year. Once you've typed in all four of these variables, Loan Calculator by Schwenk instantly returns the results. The program lacks the ability to save or export information, but it does allow you to print the figures. If you want a quick way to figure monthly payments on amortization loans, this application will suffice, but if you need to do anything else, you'll need to look elsewhere.
Publisher's Description
From Jagwash:
Loan Calculator by Schwenk is easy to use, intuitive, and free. The application calculates loan payments on cars, homes, refinances, or anything else. You tell it how much, how long, and at what rate, and it will figure out the amortized payment. It's great for comparing different rates, and terms for various loans, and useful for both borrowers and lenders. It's fully functional and free, with no annoying pop-ups or ads. A voluntary $3 fee is requested if you find the program useful.
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All versions:
3.7 starsout of 11 votes
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Current version:
3.7 starsout of 11 votes
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My rating:
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Results 1-8 of 8
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"very simple and easy to use"
Version: Loan Calculator by Schwenk 2002.0.1
Pros
I now understand how the interest works.
Cons
Nothing to dislike
Summary
Very simple and easy
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"All basic functions, simple to use"
Version: Loan Calculator by Schwenk 2002.0.1
Pros
Performs all handy amortization functions for simple personal finance. Good interface. Easty to run and install.
Cons
Does not have option to automatically figure out number of monthly payments from number of years in loan term.
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"Need a calulator to work this one..."
Version: Loan Calculator by Schwenk 2002.0.1
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"Very basic, little value"
Version: Loan Calculator by Schwenk 2002.0.1
Summary
Hoped for more than just basic features. Wanted to be able to use different variables in the calculator. (i.e. How much can I afford if payment is "x" dollars)?
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"This was what I needed in a pinch"
Version: Loan Calculator by Schwenk 2002.0.1
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"Uncluttered, easy and fast!"
Version: Loan Calculator by Schwenk 2002.0.1
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"Why can't all programs be this useful"
Version: Loan Calculator by Schwenk 2002.0.1
Summary
Why can't other programmers realize less is more. This is basic, functional and easy to use. I use it all the time.
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"very basic"
Version: Loan Calculator by Schwenk 2002.0.1
Results 1-8 of 8
