LoanCalc 2.0

LoanCalc is a tool that simplifies the complexity of home loan calculations. It utilizes formulas used by loan sharks ... oops ... we mean formulas used by the banks.
You dont have to loose a limb to calculate home loans ... you just need LoanCalc.
We developed the plug-in specifically for our HomeLoan Comparison software, and its the engine that drives it. Experience the power within ... download HomeLoan Comparison to see LoanCalc in action.
Main features:
Input variables:
- Introductory interest rate
- Introductory period (in months)
- Standard interest rate
- Establishment / startup fees
- Monthly fees
- Annual fees
- Repayment frequency
- Principal (borrowing) amount
- Repayment amount
- Term (maximum life in years)
Returned calculations:
- Minimum repayments
- Total months (until the load is paid out)
- Total interest charged
- Total fees charged
- Total costs of loan
Amortization table based on the following data:
- Opening balance
- Repayment amount
- Interest charged
- Fees charged
- Closing balance.