RateShift: Loan & Savings

How would a change in interest rates affect your loan or savings? Enter your own assumptions in RateShift to explore interest costs, repayment schedules and savings growth. Save named plans, revisit them and compare different scenarios. Explore interest rate changes • Compare current and revised rates to estimate monthly and annual changes in loan or deposit interest. • Enter an interest tax rate to compare deposit returns before and after tax. Loan simulations and monthly schedules • Choose equal total payments, equal principal payments or principal repayment at maturity. • Set up to 12 rate changes, specifying the month and new annual rate. • Review total payments, interest, the first regular payment and the time to payoff. • View a monthly breakdown of principal, interest, extra repayments, fees and remaining balance. See the effect of extra repayments • Add recurring monthly payments or a one-off extra payment. • Set the starting month, one-off payment month and fee percentage. • Model a shorter loan term or lower regular payments. • Compare against the same rate schedule without extra payments to estimate net savings and the change in term. Savings and compound interest • Plan with an initial deposit and monthly contributions. • Choose simple interest or monthly, quarterly or annual compounding. • Set contributions at the start or end of each month and enter the interest tax rate. • Review maturity amounts before and after tax, plus a monthly savings schedule. Save and compare plans • Keep up to 50 named loan and savings plans on your device. • Reopen, edit or copy a saved plan to explore alternatives. • Compare two plans of the same type and currency side by side. • Keep the latest 20 basic calculation history entries. Four languages and currency formats Korean uses KRW, English USD, Japanese JPY and Simplified Chinese CNY. Inputs are kept separately by currency. Exchange-rate conversion is not provided. About the estimates Results depend on the assumptions you enter. A lender's day-count method, rounding, taxes and fees may produce different figures. Check and enter the rates and taxes that apply to you. RateShift does not provide live interest rates, arrange financial products or accept loan applications. No account is required to calculate. Calculation data and saved plans are stored on your device. Advertising services may process information according to their own privacy policies and your consent choices. Developer: Kenneth App Support: gkimmulti@gmail.com Website: https://gkimmulti-ui.github.io/