CNET Editors' review
So you've taken out a loan, and there's just one critical question on your mind: How much do you have to pay? This freeware program helps users easily figure out payments over the lifetime of a loan.
The interface is fairly amateurish, but straightforward. Loan parameters are entered into one pane, producing the payment schedule in the other. The program also can display the results in an easily-read chart form. The payment information can be exported into other formats, including HTML and Excel, and the program contains helpful links to other financial tools, articles, and lenders. Overall, for people who aren't in the market for a professional financial adviser, Loan Calculator can help shed light on financial obligations for years to come.
Publisher's Description
From LoanCalculator.ws:
Loan calculator is completely free & user-friendly amortization software. This is an essential tool to estimate loan payments on homes, cars, and refinances. Just type loan amount, loan length, annual interest rate and program will generate full loan repayment plan. Loan calculator supports regional currency settings and works with wide range of repayment cycles from one month to 50 years. Also real-time calculations have been added.
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All versions:
4.0 starsout of 7 votes
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Current version:
4.0 starsout of 7 votes
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My rating:
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Results 1-7 of 7
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"If You loan x money in Y time-- to z -interrest %"
Version: Loan Calculator 1.2
Pros
Oh did not set my puls up.
It has a nice setup for the amounts that will occeur through the years.
works fine and its freeCons
I think that only one rather fixed function
is a bit cheap for a program like this.Summary
its ok-- dos what its supposed to
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"Helpful if you're about to get a loan"
Version: Loan Calculator 1.2
Pros
Tells you what your minimum payments will be, what your interest is going to be each week/month/etc. Handy. Also can give you a report in Excel.
Cons
Cant choose any payment other then the minimum payments. And you're not able to set a date that you want to finish by, etc.
Summary
It's free, and handy! Get it.
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"Very basic, Very good"
Version: Loan Calculator 1.2
Pros
Provides a good amortization schedule; for a free program, nice that it allows a start date
Cons
Can't think of anything
Summary
I was looking for a free, easy, basic program. This is it. I needed an amortization schedule, not just payment calculation. This allows you to select a start date. To print the schedule, you export to Excel, so you have the ability to customize as desired. Serves my needs perfectly.
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"Missing one feature (for me)"
Version: Loan Calculator 1.2
Pros
range of calculation
Cons
Does not convert well to Excel on my system. Does not let me change the amount of the monthly payment & add a final payment to compensate for the rounded-of monthly payment. Found another program that allows me to do this.
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"Great for work."
Version: Loan Calculator 1.2
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"The software does what it's supposed to do."
Version: Loan Calculator 1.2
Pros
I like the instant update as you make entries in variable fields. I like the eport to Excel feature.
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"EXACTLY WHAT I WAS LOOKING FOR!!!!!"
Version: Loan Calculator 1.2
Pros
I just wanted to be able to run numbers on loans, and this even gives you the amortization schedule. It's not one of those complicated ones that I can't figure out.
