Easy Loan Payoff Calculator Reviews

by Dc9loser

OK, calculating interest is simple. So why am I still sitting here after 10 minutes trying to figure out this program?

People want to buy a program like this in order to make simple calculations about paying off a loan. I'd like to be able to input my data and then run about 10 different solutions to figure out what would work for me in paying off a loan. If this does this I sure can't figure it out after 10 minutes because it is not idiot proof or it does not do that.

In either case if a software program takes more time for me to figure out than buying another software program then it is poorly designed. This package is poorly designed.

by Tyjjohnson

I got EasyLoanPayoffCalculator because I’m trying to keep track of a personal loan I got for my house. I wasn’t able to get a traditional mortgage and needed to finance the rest of what I owed for my house and land. However, EasyLoanPayoffCalculator only shows you what the payments will be and how much interest you will pay each month. It doesn’t allow me to make extra payments and watch what changes. I was very disappointed that I paid my hard earned money for EasyLoanPayoffCalculator.

by Bld7308

I've been using the free version for a few years--it's a great, handy app. I decided to purchase this one because I wanted to calculate how many months would be knocked off my loan if I apply my tax refund towards the principle. I'm very disappointed that the only two "what if" scenarios are adding a payment each month or adding an annual payment. I'll gladly change my review to 5 stars if the developers add a "one time payment" scenario.

by Golowah

The reason that I got EasyLoanPayoffCalculator was because I wanted to be able to see the effect on my mortgage of making extra payments both for motivation and to weigh what was worth doing. Of the apps that I have tried, this one does that the best. However, I have a few suggestions/requests.

1. In addition to the monthly and yearly extra payment, add a one time extra payment option. For example, what is the benefit if I put my tax return or bonus toward my mortgage.
2. Allow previous extra payments to be saved showing how much benefit there has already been from the extra payments I have made.
3. Allow a start date to be set so you can look and see where you are in your progress instead of just seeing numbered payments.
4. (Optional) Add the ability to set a target end date and calculate how much to pay each month to reach that goal.

Thanks for EasyLoanPayoffCalculator and I hope it continues to get better.

by ArizonaRoamer

I just wish it would recognize that my iPad is in portrait mode when I open it instead of having to click into other menu areas in EasyLoanPayoffCalculator and then back to the calculator…..

by Tara J. Hutchens

I love EasyLoanPayoffCalculator and it’s others in the suite. I do wish the “What if” app had a one time lump sum payment option. I’m often have a one time windfall of cash and want to put a lump sum on a loan. I’ll take it the way it is, but that would be a great feature. (Windfall from inheritance, sale of another property, job bonus, sale of another asset is more common in my finances)

by Bloodyfiddles

I am planning on purchasing an RV. This program has been perfect! It's fast & easy to calculate any financial question I need answered! I have several similar apps on my phone but this is the only one I use.

by CrappyNotHappy

EasyLoanPayoffCalculator gives you a good ballpark figure as to what your payments will be. The add a payment feature is extremely helpful when you're trying to pay off a debt

by Chikinhok

I would like to be able to enter the date of the first payment and the statement would show the date of each and every payment.

by Timma-T

This Loan Calculator is perfectly named, because it allows you to brainstorm the effect of added payment amounts to a given loan. Many people are unaware of the drastic effect extra money makes to the payoff date. It's an eye opener to be sure.

by Tim The Tong Man

I love EasyLoanPayoffCalculator. It's a way for me to keep track of my mortgage amortization, my car loan, and any general financing calculations I want to consider. It also shows me what adding small additional monthly payments will do to help me pay off my loans earlier. A great tool!

by Nicolas Posada

As a college student, this is a great application to keep track of my student loan payments and calculations! It is essentially a loan calculator, and I will definitely recommend it to anyone wondering if they should use it. It also helps with mortgage calculations and finance in general.

by Dirt Lady 330

I love being able to crunch the numbers faster than the banker! Easy to use and the ability to consider all the possibilities in seconds! Truly a must have app!

by One Small Dog

EasyLoanPayoffCalculator is fantastic I use a least three times a week to check payments on different interest rates on car loans and home mortgages.

by Few Bird

I have tried 4 other mortgage calculators and this is by far the best. Well designed and easy to use with all the information I need. Since finding EasyLoanPayoffCalculator I have deleted the others. I highly recommend

by SteveMax13

I like the quickness of the loan app & ease to change variables. The “What If” for adding more principal to pay off faster is very handy, & not found in similar apps.
It’s a little awkward, but you can email yourself the payoff schedule.

by Little Brushy

Anyone with a long term loan (car, boat,house, etc) should have EasyLoanPayoffCalculator. It's amazing how a few dollars of extra principal each month can reduce the loan length. EasyLoanPayoffCalculator is simple to use and will show you what you can save on time and interest.

by ABCJDW123

Allows changing parameters to see "What If". The only improvement would be to allow "Month Payment" to be a parameter and let something else be the solution.

by RYDea 💡

I have been able to use EasyLoanPayoffCalculator to create many different scenarios for financing to show my consumer what additional money can go towards paying back the loan I love this application

by TheWritersMuse

It’s fast, easy, accurate. Used it when I was looking to buy. When I bought. When I refinanced. Be sure to add property taxes and insurance costs to “additional monthly” to get the accurate impound number.