LoanWhiz - The easy-to-use loan / mortgage calculator for PocketPC

LoanWhiz - LOAN CALCULATOR for PocketPC

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This is a very easy-to-use tool for your financial planning. Just install it on your PDA and use it in a car dealership or when visiting a real estate agent to quickly assess your loan. If you want to buy a car, enter the total price and the down payment, the loan term (3 years, 5 years, etc.), and the APR, and see what your monthly payment will be. Looking toward a specific monthly rate? Just enter it, and calculate the down payment you need. Or more, enter your down payment, and see what is the price you can afford so you negociate it with the dealer. Or just browse all the low APRs / cash rebate offers to see which one is the best for you.

The same works when shopping for a house. You'll be able to know how much you can afford, what mortgage term would be best, or how much you'll need to put down. But the power of LoanWhiz comes just now, with the scenario editor. Let's say you've paid 7 years of your 30-year fixed mortgage. Interest rates are going down, so maybe it's time for a refinance. Just enter the loan parameters, and LoanWhiz will help you juggle with various combinations of APR / new mortgage term. Or let's say you payed 3 years from your 5-year car loan and you want to finish earlier. Just enter how much you're willing to pay each month, and see how soon you can finish paying for your car and how much you would save.

Features:

easy-to-use

all-in-one financial tools

powerful scenario editor