Thinking about taking a loan and not sure how much it will cost you or a loan offer looks too good to be true? Use this simple yet accurate loan calculator to know how much you'll be paying over the course of the loan term and how much the loan will cost you. The app gives you an opportunity to enter the loan amount, down payment, APR, term of the loan and even its start day for a fine tuned loan breakdown data. Last but not least, instantly see how much the loan will cost you (that is, the difference between the total sum of all payments you are expected to make minus the total amount you are intending to borrow).
Also available in the "Affordability Mode", which lets you determine what amount of the loan you may afford based on the entered monthly payment and the APR at your disposal.
The Loan Breakdown feature will help you see how your Loan will be progressing and how much interest each of your payments will have.
