DebtMinder Review

Sometimes the simplest approach is the best and this is what DebtMinder {$1.99} excels at. It asks you to enter basic information for each of your debts: balance, interest rate, starting date, and minimum payment. By doing that for all of your debts, you are then ready to start developing a payoff plan. Decide on a total monthly payment and choose between two strategies; highest interest rate or lowest balance.

Once you’ve set your plan in place, the app will split your monthly payment among your debts and determine when each of them will be paid off. DebtMinder also displays the total interest you will save by sticking to the plan. It tracks your progress over time and helps you see that you’re making a difference.

DebtMinder works in conjunction with another app developed by return7, Bill Minder. A common account will allow information to be shared between the two apps. Data from DebtMinder can also be exported as a CSV file or backed up using email.

This app is not for financial professionals; there’s not a lot of fine-tuning possible. But that might be the best part of DebtMinder. It takes virtually no time to set it up (if you have the information together) and the limited choices keep you from playing mind games with the plan. Set it up and stick to it. Always a good plan when it comes to finances.

What we like:

• Does one thing, and does it well
• Simple to set up and enter information
• Gives good information/overview of your situation

What to know:

• Few options for modifying payoff plan

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EZ Loan Pro is the number one utility for calculating and comparing home loans, car loans, boat loans, cow loans, or any type of loan. With the ease of the free EZ Loan Calc, you can quickly determine how much a certain loan and rate will cost you every month, how long it will take to pay off, how much it will cost at the end, and more!

Features:

• Quickly save and review loans
• Copy loans to create different scenarios
• View and compare all saved loans easily
• Accurate term and cost calculations
• Nice orange color for fun!?!

Fields Include:

• Principal, Interest, and Term
• Primary Mortgage Insurance
• Home Owners Insurance
• Home Owners Association Fee
• Annual Taxes
• Monthly Overpay

EZ Loan Pro is a great loan calculator to have, it includes all the fields that you need to fill in so that you know what your monthly payments will be, it will also break it down so that you know how much of each payment goes to interest and how much goes to the principal. The strongest features of EZ Loan Pro are save and name calculated loans so that you can compare before you make your big purchase.

The interface is very simple, once you start the app you go right to the blank fields you need to fill out, fill in all the necessary fields, hit the calculate button and there you have it, a total of what your going to pay and a breakdown of your monthly payments for every month down to the penny. If you’re buying a home, there is a separate tab for you, because of all the extra costs involved.

Touch Reviews Highly Recommends EZ Loan Pro!

Price: $0.99

The Good

• Fast and easy calculations
• Ability to save
• Detailed

The Not So Good

• It uses the alpha/numeric keypad, would like to see just a numeric keypad

Touch Reviewer: Fishinsmit