Loan Calculator by Schwenk for Windows

Used Loan Calculator by Schwenk for Windows?

Editors’ Review

Download.com staffSeptember 2, 2015

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.

Loan Calculator by Schwenk for Windows

Used Loan Calculator by Schwenk for Windows?

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Full Specifications

GENERAL

Release: February 16, 2002

Latest update: September 2, 2015

Version: 2002.0.1

OPERATING SYSTEMS

Platform: Windows

Operating System

Windows XP
Windows 2000
Windows NT
Windows 10
Windows 98
Windows 95

Additional Requirements: Windows 95/98/NT/2000/XP

POPULARITY

Total Downloads: 62,459

Downloads Last Week: 1

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Last Updated

User Reviews

3.6/5

10 User Votes

very simple and easy to use
laserus33September 10, 2010
Pros
I now understand how the interest works.
Cons
Nothing to dislike
Summary
Very simple and easy
All basic functions, simple to use
SurfinedusAugust 13, 2007
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.
Summary
Need a calulator to work this one...
February 8, 2004
Pros
Cons
Summary
Very basic, little value
January 31, 2004
Pros
Cons
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)?
This was what I needed in a pinch
August 21, 2003
Pros
Cons
Summary
Uncluttered, easy and fast!
March 7, 2003
Pros
Cons
Summary
Why can't all programs be this useful
nutmegsOctober 22, 2002
Pros
Cons
Summary
Why can't other programmers realize less is more. This is basic, functional and easy to use. I use it all the time.
April 3, 2002
Pros
Cons
Summary
very basic
March 2, 2002
Pros
Cons
Summary
February 17, 2002
Pros
Cons
Summary
Basic, functional, appropriate for my needs.

Developer’s Description

Calculate loan payments for your car and home.

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.