This is one of those quick reviews for a super-simple App. Amortize, does exactly what the name of the App by GroundSpeed implies, it is a amortization table App that will tell you (or your customers) how much their loan will cost them every month. Want to see how a 30 year loan payment looks against a 15 year? Just pop in the terms in the rate and term boxes and you will see the monthly payment change.
Amortize is fully functional, but there were a few features I would love to see in it for an update or a new release. The first would be a comparison window or line. Maybe even just doubling up the layout so you can do two different options at once? That way it would work for showing the difference in monthly payments better. The next upgrade I would love to have is a total payment line that would simply show the monthly payment multiplied by the term. Finally, I would love to see an “email this” button on there somewhere. It would be nice to send the results to someone that is considering loans.
Overall though, Amortize really does a perfect job of what it is supposed to do. It gives you the monthly payment based on the loan amount, down payment, interest rate and length of the loan. It really is a great addition to your Windows Phone if you are shopping for a car, home or even just considering taking out a line of credit. Amortize is available for free in the Windows Phone Store.
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