By Business Compass LLC

  • Category: Finance
  • Release Date: 2010-07-19
  • Current Version: 9.0
  • Adult Rating: 4+
  • File Size: 3.20 MB
  • Developer: Business Compass LLC
  • Compatibility: Requires iOS 5.0 or later.
  • App Ratings:
    2/5 ( 13 Reviews)
  • Price:
Amortization App Ratings: 2
Total 13 Reviews

Amortization App Description

This super-fast application amortizes loan over the term of the loan. This is a flexible application applicable to most consumer loans. After loan input is supplied, move over to summary to see the loan summary and detail to see amortization schedule. Print and e-mail summary and schedule. Summary and amortization schedule appears at lightening speed with easy to understand graphs and charts! Input: 1. Purchase price 2. Taxes and fees (optional) 3. Down payment (optional) - can be specified as % of principle or as a dollar amount 4. Loan term in Months/Years. By default loan term is in months. 5. Interest rate in APR 6. Number of payments/year (optional). By default, it is 12/year. 7. Extra payment per period (optional) Summary: 1. Loan Balance 2. Required payment per period 3. Total interest paid 4. Total payment made 5. Number of scheduled payments 6. Number of actual payments 7. Reduction of payment term in years and months 8. Total early payments 9. Total savings Amortization Schedule 1. Period 2. Interest paid 3. Principle paid 4. Cumulative interest paid 5. Cumulative principle paid 6. Ending principle balance Graphs & Charts 1. Pie chart to display principle vs. interest 2. Line chart to show cumulative payment, interest and principle paid over time Print & E-Mail: 1. Print summary and schedule as formatted tables 2. E-mail summary and schedule as formatted PDF attachment Data Storage & Retrieval 1. Data is saved and retrieved when application is re-started


Amortization App Screenshots

Amortization App Reviews

  • Business

    By Turk2553
    This app isn't at all useful in a business type loan. Don't waste your money
  • Love the graphs but it's buggy

    By IKnowJoe
    Simple app does the trick. Great graphic representation of information. Favorites button crashes the app as well as the help button and the about us.
  • No printing or saving

    By JacobW1980
    This app would be just what I need except that there is no support for AirPrint and you can't save quotes. Also, what's with the ads in a paid app???
  • Could be great

    By grillmeister
    This would be a five star amortization app if it saved the inputs from the last session and calculated bi-weekly payments.
  • OK App

    By SueBH
    This App would be much better if it retained the data you enter while you go to another source to check info. As it is, you have to reenter all the data.