LoanStar at Mac App Store analyse

Es handelt sich hier um eine einfache Darlehensberechnung mit Berechnung der monatlichen Tilgungsraten und Zinszahlungen, ohne irgendwelche Zusätze, wie zB. visuelle Zinsentwicklung etc. Der Export in OpenOffice funktioniert problemlos. Dort kann man wohl auch Diagramme etc erstellen, wenn man sich bisschen auskennt. Für 0,79 EuroCent durchaus empfehlenwert.

I was able to do several scenarios of a potential refinance of my home, using Numbers on my MacBook Pro. Essentially it enabled me to build a spreadsheet without a bunch of formatting, and for that im impressed. Its quick and easy, as well as versatile. Its certainly worth the LOW cost. DB Cooper, from below ground

This program is OK and does what it is supposed to do. There are many free spreadsheets on the internet which can do essentially the same thing. LoanStar has fields for date, loan $, payment, int rate, and months. So you can input Loan $, Int Rate and Months, and the Calc button next to Payment comes alive and you can click on that to see what the monthly payment is. Or you can input Loan $, Payment, and Months and the button next to Int Rate comes alive. You click on that to see what the interest rate is youre paying. Youd think that the final field would fill automatically without having to make the extra click. Overall it works fine.

You can construct this analysis in Excel, but why should you when, for $2, you can buy this little app that does it all for you automatically?! Input the loan parameters in the small green box you see above, click the "Excel" button and, presto, Excel launches and completes the worksheet within about 2-3 seconds. Perfect. You can still format any way you like in Excel. As a bonus you have the ability to input unscheduled principal payments to see what happens. As I said: You can design your own Excel worksheet to do this, but why should you when Lone$tar is so inexpensive and works so well!

I used to use Interest Vision on the PC to do exactly what this app does. The beauty of this app is that it is so fast and so simple to use - much easier than launching Excel or some web-based financial site. Just launch thee app, put in the numbers and click the button you want to solve for. Great for quick "what if" stuff like "How much would I save and how much faster would I pay off the mortagage if I paid $50/month more?"

The time value of money needs 5 variables; this calculator allows the use of 4, and misses the future value needed to calculate interest only or baloon notes. Without it, it doesnt help me much because most mortgages I work with need a baloon calculation. Ill revise this review if an update occurs which includes future value.

Of course, its a simple program; but it does exactly what it should ... delivers information about your liabilities and how you should best deal with them and how long it will take to do that. Theres only one thing Id like. The program works flawlessly except that it will not calculate a payment with a 0% interest rate. I realize that one could just whip out a calculator and figure out how much a credit card payment would be if you wanted to pay it off before interest began accumulating. However since the program works fine with ANY interest rate at all ... no matter how small (0.01%) ... why not just make it work with 0%. If it did that, it would be perfect for what it does.