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Loan Calculator - Debt Payoff
Loan Calculator - Debt Payoff
4.6
Developer ChuChu Train Productions
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Description:
Loan Calculator - Debt Payoff is a smart finance tool that helps you calculate monthly payments, compare debt payoff strategies, and see exactly when you can be debt-free. Ideal for credit cards, student loans, auto loans, and mortgages, it delivers fast, accurate results with clear charts and schedules. Core features include multi-loan tracking, amortization schedules, and snowball or avalanche payoff planning. Optimize your budget, simulate extra payments, and understand interest costs to make confident financial decisions. Keywords: loan calculator, debt payoff, amortization schedule, interest calculator, budget planning, finance utility.
How to use:
1. Download and open the app, then choose your currency and preferred payoff strategy such as snowball or avalanche.
2. Add your loans by entering balance, APR, minimum payment, and due date for each account.
3. Review the calculated monthly payments and the projected payoff date for each loan and your overall debt-free timeline.
4. Try extra payments and adjust amounts to see instant changes in interest saved and time to payoff.
5. Track progress with the amortization schedule and charts, update balances regularly, and refine your plan as your budget changes.
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