Show HN: LoanSim – Powerful Loan Repayment Simulator

LoanSim is like a loan repayment calculator on steroids. You enter the loan amount, interest rate, and loan duration, and it will tell you the minimum repayment amount, last payment date, and total amount you will pay on the loan over the period.

But that's only the start!

LoanSim allows you to change the interest-rate and / or repayment amount at any month during the loan period and see how that affects the loan over the long term. You can also make once-off payments at any given month to see how that affects the loan.

But there's more!

On the Home Loan page, in addition to the default functionality listed aboce, you can add the cost of the home, the deposit amount, and renovations costs, and the loan amount is automatically calculated and the equity that you have in the home is calculated month-by-month. The Home Loan page will also display the monthly cost of owning the home, including insurance and rates etc. You can also update the home value during any month [maybe you got the home re-valued].

If you create an account you can save any loan and revisit it at a later date. No more guessing how much equity you currently have in your home or how much your repayments will increase if interest rates go up by 2% next month!

NOTE: This website is a work in progress. It works best on PC, and is not yet optimized for mobile.