iLoan Calc (Loan calculator)

Deciding how much to borrow for a home. Wondering how much more your payments would be if rates went up. Checking when and how much to repay early to see how much interest you would save. Comparing offers from different lenders side by side. iLoan Calc is a loan calculator that makes these easy to work out on the spot. It works for car loans, education loans and other loans as well as mortgages. Change a condition and the results update right away, so you can try as many combinations as you like. [What you can do] - Simulation with bonus payments and accelerated repayments (Reduce Monthly Payment or Reduce Total Term) - Repayment schedule, how each payment changes, and the effect of each accelerated repayment - Compare two loans in charts and figures: with or without accelerated repayment, or against a saved condition - Export as PDF or CSV, and save loan conditions - Calculate the possible loan amount from the monthly payment or your income - VoiceOver support [Settable entries] Loan amount, interest rate (Fixed, Fixed (Multi-step) or Variable), term (up to 50 years), payment method (Equal Principal and Interest, or Equal Principal), bonus payments, accelerated repayments, various costs, starting date, starting age and loan execution date * Revolving credit is not supported. [Please note] The results of iLoan Calc are a guideline. Calculation methods differ between financial institutions, so the figures may not match those your lender provides. [Notes on calculation] - Reduce Total Term: To avoid fractions in the term and the monthly payment, the app uses the closest possible amount to the one you entered. With bonus payments, the term is reduced in units of 6 or 12 months. - Prorated interest: If an accelerated repayment or a payment revision falls outside a bonus month, the interest for that month is prorated. The next bonus payment may be smaller than usual. - 5-year rule, 125% rule: With a variable rate, the payment is revised every 5 years and capped at 125% of the previous amount, as is common in Japan. See Options > Help > "Note for calculation" in the app for details.