App: Loan & Lease Calculator
Developer: Gareth Pugh
Genres: Finance, Business

Loan & Lease Calculator is a financial calculator.  The app works on iPhone, iPad and Mac.  If you have more than one of these devices, then all your quotes should be kept in sync with each other across your devices (providing iCloud is turned on).  It currently has the following features:

Solve For a Target - You can choose whether to enter a loan advance amount and calculate the payment or alternatively, enter the payment values and calculate the loan advance.

Deposit - You can add an additional payment right at the start of the loan period.

Residual - You can enter the balance outstanding at the end of the term.

Compounding - You can vary the compounding method and compounding period.

Cost of Funds and Margin - You enter the yield required by the lender in its component parts of CoF plus Margin.

Initial Payments - You enter the multiple of the normal payment which is to be paid on the start date.

Payment Frequency - Is how often the borrower has to make the regular payments (Monthly, Quarterly, Semi-Annual or Annual).

Initial Pause - Is the number of months from the start of the agreement to the first regular payment is made by the borrower.

Regular Payments - Is the number of regular payments made by the borrower. i.e. the total number of payments minus any initial payments made.

Terminal Pause -  Is the number of months from the last regular payment to the end of the agreement when any residual or end fee is paid.

Subsidy - This is the amount received by the funder from a vendor or manufacturing partner.

Commission - Is the amount paid by the funder to any intermediary (equipment dealer or broker).

NPV - this read only field is the Net Present Value of the deal to the funder.  i.e. it is all positive cashflows minus all negative cashflows discounted using the Cost Of Funds.

You can also send details of a quote from the app via email and also import quotes performed by other users into your app.

An upgrade to the Professional Version can be bought with an In-App purchase which unlocks the following three features across all of your iOS and Mac devices:

Set the date of the first regular payment.

Seasonal Payment Profile - You can vary the payment amount depending upon the month of the year that payment falls in.

Variable Payment Profile - You can fix any payment in the profile and also add additional sundry payments (such as a VAT deferral).

Project Drawdown Profile - You can add extra loan amounts timed after the initial loan advance.

The Professional Version price is currently $9.99 in the United States.  Prices in other countries may vary and may be converted into your local currency.

Terms of Use are available at:
https://www.loanandlease.net/terms

Release notes:
Fix to bug when sharing quotes.