LoanPro solves the missing value after you enter the other three: amount, payment, term, and interest rate. It is fast enough for quick mortgage, vehicle, credit, and personal-loan checks.
Basic Flow
- Hold Clear to reset all stored values.
- Enter a number, then tap the bucket it belongs to: Amt, Pmt, Term, or Int.
- Repeat until three values are stored.
- Tap the missing bucket to calculate it.
After entering a manual value, tapping the same bucket again keeps that value. Tapping a different bucket solves that value from the current inputs.
Payment
Monthly payment for a 30-year, $150,000 loan at 4.75%:
- Enter 150000, tap Amt.
- Enter 30, tap Term.
- Enter 4.75, tap Int.
- Tap Pmt: $782.47.
Loan Amount
Amount you can borrow with a $150 payment, 3-year term, and 7.9% rate:
- Enter 150, tap Pmt.
- Enter 3, tap Term.
- Enter 7.9, tap Int.
- Tap Amt: $4,793.82.
Term
Payoff time for a $12,000 loan with $200 payments at 4.9%:
- Enter 12000, tap Amt.
- Enter 200, tap Pmt.
- Enter 4.9, tap Int.
- Tap Term: 5.75 years.
- Tap Term again: 68.97 months.
Interest Rate
Rate for a $25,000 loan, 5-year term, and $500 payment:
- Enter 25000, tap Amt.
- Enter 500, tap Pmt.
- Enter 5, tap Term.
- Tap Int: 7.42%.
Mortgage Extras
PITI
Add tax and insurance, then tap Pmt repeatedly to cycle through P+I and PITI views.
Price, Down Payment, and LTV
Use Price with Down to calculate loan amount from a purchase price. Tap Down again to cycle between percent and dollar views.
Bi-Weekly
Use Shift + Term for bi-weekly information. Continue pressing Term to cycle through term, interest savings, total interest, total principal, and total P+I.
If a payment is too low to cover interest, LoanPro shows Pmt Low. Increase the payment, lower the rate, or reduce the amount before solving term.