extremely useful- accounts for extra payments
great app! this calculates the payment schedule based on the loan info (principal, interest rate, terms) and accounts for extra payments. allows one to select reoccurring extra payments and specify a range of dates those extra payments will be made. the results are tabulated, detailed tabulated and my fav, a chart! the chart shows the outcome of the 4 scenarios vs years: regular payments, reg payments+ extra, interest paid w/o extra payments and interest paid with extra payments! app really allows one to plan out their finances better if you r looking to get ahead. love it! there are other finance features but i am not a finance guru so i like to keep it simple.