By Applied Computer Technology
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Calculates total interest, payments and ending balance for fixed interest rate loans. You can also solve for LOAN AMOUNT, MONTHLY PAYMENT, INTEREST RATE, or # OF MONTHS to complete a loan. With a payment of zero you can calculate interest on deposited funds over time. Export to Excel with a formula driven schedule that you can add arbitrary additional payments each month and see the results. Spreadsheets in xlsx format have been tested with the following programs: Excel, Numbers, and OpenOffice Calc. Quickly enter amounts like 150,000.00 with 150K or 360 months with 30Y.
What's New in Version 1.4
Data input has been made more responsive. Right clicking on the title-bar now shows the spreadsheet storage location.
Have already asked for a refund!
I've been burned and downloaded stupid apps before and just sucked it up. However, with this one, their screen capture is totally misleading. The large interface it shows isn't this app; it's an Excel file you have to link -- and the math doesn't work to boot.
I've used Philip Kapusta's "Home Loan Diary" (later renamed "Early Mortgage Payoff") for more than a decade. It's awesome, totally worth it (the only Shareware I've ever paid for after the trial period was up because I actually wanted to use it). It's accurate (which LoanStar is absolutely NOT). Unfortunately, it's only available for PC. Been searching for something similar for my MacBook and I'm striking out.
The large, pretty interface isn't Loan Star. It's a "linked" Excel file. Cumbersome, no decent instructions, counter-intuitive interface and then this "linked" crap. I feel like their screen shot is intentionally misleading, because it conveniently crops out the header/title bar of the Excel page, so you can't tell it's there and a COMPLETELY DIFFERENT PROGRAM.
Save your buck, and put it toward paying down a bill.
Simple program that does just what it should ... almost
Of course, it's a simple program; but it does exactly what it should ... delivers information about your liabilities and how you should best deal with them and how long it will take to do that.
There's only one thing I'd like. The program works flawlessly except that it will not calculate a payment with a 0% interest rate. I realize that one could just whip out a calculator and figure out how much a credit card payment would be if you wanted to pay it off before interest began accumulating. However since the program works fine with ANY interest rate at all ... no matter how small (0.01%) ... why not just make it work with 0%. If it did that, it would be perfect for what it does.
What in the world do you want for 99 cents
This applications does eactly what it says it will do and does it easily and quickly and for only 99 cents. Sure there are other calculations you might need or want, then spend the money and buy one--if you can find it. I saw a complaint that it displays the amortization schedule in Excel not within the App itself. To me, that's a good thing as most people who want to do these kind of calcualtions have Excel and this makes for flexibility and a lower price. Further, for those who don't have Excel, the App also provides a text and CSV format.
I have seen far more expensive Apps that won't even produce a schedule or if they do, won't allow it to be printed.
This is a BARGAIN that works!!!
- Category: Finance
- Updated: Feb 03, 2011
- Version: 1.4
- Size: 0.6 MB
- Language: English
- Seller: Stephen Jones
- © 2011 Applied Computer Technology
Compatibility: OS X 10.5 or later