The Amortization Formula is used on both car loans and home loans. The formula is the same for both and this app can be used for both. My goal with this app was to take the guesswork out of the home or car buying process. With this app you can quickly find out your monthly payment, total interest, and combined interest and principle.
Keep it at hand when you are shopping for that new car or home!
This app is custom formatted for the iPad. We also offer a custom built iPhone version as well.