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Compare loans easily with Numbers app

Posted in Numbers Tips & Tricks

If you’re shopping for a loan, you’ll undoubtedly have a few loan options. Comparing loans can be intimidating and daunting, and it’s hard to know which option is right for you, or which loan may make the most sense for your particular situation. But thanks to the Numbers app, you can easily compare loans.

All you have to do is input some data into a free Numbers spreadsheet, and you’ll be able to do a quick loan comparison. To get started, make sure you have the Numbers app installed on your device, and have some general information about the loan options, things like the loan amount, the interest rate, and the loan length:

• Get the Numbers app if you have not done so already (free on the App Store)
• Open the Numbers app and choose to create a new Numbers document
• Look under the “Personal Finance” section for “Loan Comparison” and select to create that
• Near the bottom of the spreadsheet, input your loans and loan data to compare

The Loan Comparison spreadsheet will instantly calculate your loan options and provide you with valuable information, including your monthly payment, total interest paid, and the total amount paid, as well as offer you a bar graph to visualize the loan amounts.