Principal & Interest

Principal & Interest is an offline loan decision companion for checking amounts, fees, contract terms, and next steps before signing, during repayment, and at payoff. PRE-LOAN CHECKUPS Use separate checklists for mortgages, car loans, and consumer loans. Answer Yes, No, or Unsure, then review neutral follow-up items. The app does not score applications or predict approval. TRUE COST INSPECTION Enter contract principal, actual proceeds, upfront or recurring dated fees, scheduled payments, and balloon payments. Review total outflow, proceeds gap, and an estimated annualized effective cost when a unique reliable result exists. It is not presented as a legally disclosed APR. LOCAL LOAN PROFILES Keep actual proceeds, fees, a prepayment-terms summary, and checklist progress on your device. Add dated events such as rate changes, normal or extra payments, fee changes, manual balances, payoff…