Loan Calculator - Home Payment 5.1

This loan calculator provides users with a comprehensive tool to forecast their loan repayment. It enables users to visualize the impact of additional payments, helping them create a more effective payment plan.

• The calculator supports three different payment methods:
• 1. Equal Payment: This method requires users to make equal payments throughout the loan period.
  2. Equal Principal: With this method, users pay an equal amount of principal in each payment, while the interest is calculated based on the current balance. The payment consists of both principal and interest.
  3. Interest Only: Under this method, users only pay the interest in each payment, with the loan being repaid in the final payment of the loan schedule.
• The calculator also offers support for various payment frequencies and various types of extra payments.

This tool is user-friendly and straightforward to use. We encourage you to give it a try and provide any feedback you may have.