Loan Manager is an easy to use loan calculator and financial manager. It lets you quickly calculate payment strategies for any of the following types of loans:

• Conventional Mortgage Loans
  
• FHA Mortgage Loans
• Credit Cards Loans and Purchases
• Auto Loans
• General Loans

There ís no limit to the number of loans you can list and each loan is named by you making it easy to track the loans in your dashboard.

You can play with payments and durations to determine the best way to manage your money. Loan Manager allows you to calculate the impacts of additional monthly or yearly payments. For both the FHA and Conventional mortgage calculators, you can enter taxes, insurance amounts, and future home value to determine the real cost of the loan to you. Loan Manager will even calculate PMI and MIP.

If you are shopping for a loan, Loan Manager can help you figure out what you can afford. If any one of the four basic values within a loan is blank, ex, Total Loan Amount, Interest Rate, Term Length, or Monthly Payment Amount the application will calculate the missing value. For example, If you can afford to pay only $600 per month for 20 years at 5%, the app will tell you the total amount you would need to borrow. Play with the interest rates or loan durations to determine the best strategy for paying down your debt. The Loan Manager will also give you amortization details for any loan you enter. 

MNGís Loan Manager can help you to independently keep track of and manage your debt successfully.

For customer support or to provide feedback, please contact feedback@mngtechnologies.com.

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Dashboard

Dashboard allows you to easily view all your loans.

Conventional Mortgage Loans

User enters basic information about the loan (amount, term, interest). Loan Manager will calculate if PMI is required, the PMI rate and monthly PMI payment amount. Users can capture tax amounts, additional payment amounts and insurance amounts to determine PITI (sum of monthly payment, interest, taxes and insurance). Amortization details are also provided. Users can enter additional payments to see the impact of early payments to the life of the loan. Interest per day for the 1^st month of the loan is displayed to assist with calculating mid-month closings.

FHA Mortgage Loans

User enters basic information about the loan (amount, term, interest). Loan Manager will calculate MIP rate and monthly MIP payment amount. An upfront MIP rate will default, but users can change that if needed. Users capture tax amounts, additional payment amounts and insurance amounts to determine PITI (sum of monthly payment, interest, taxes and insurance). Amortization details are also provided. Users can enter additional payments to see the impact of early payments to the life of the loan. Interest per day for the 1^st month of the loan is displayed as well.

Amortization

With each of the loan functions, Loan Manager will calculate amortization. Within the Amortization function, users test the impacts of adding additional payments.

Auto Loans

User enters basic information about the loan (amount, term, interest). Loan Manager will calculate the monthly payments. Amortization details are also provided. Users can enter additional payments to see the impact of early payments to the life of the loan.

Credit Card

User enters card balance and interest rate.User can enter either the duration of payments or monthly payment you can afford. Loan Manager will calculate either the monthly payments or length of time it will take to pay off the loan. Amortization details are also provided. Users can enter proposed additional payments to see the impacts of early payments to the balance.

Other Loan

User enters basic information about the loan (credit line amount, term, interest rate, down payment). Loan Manager will calculate the monthly payments. Amortization details are also provided. Users can enter additional payments to see the impact of early payments to the loan balance.

Future Home Value

User enters present value of property, appreciation rate, and number of years. Loan Manager will calculate the future home value based on that detail.

Glossary

Glossary of common financial terminology included.