Honest comparison · Updated 2026-09-18
Amortiq vs Loan Calculator
Loan Calculator by Tim O's Studios is, by review count, the most popular loan calculator on the App Store — over 105,000 ratings. It's also deliberately bare-bones: "just enter your amount, term, and rate." Amortiq covers the same core math with a fuller amortization toolkit.
Dimension-by-dimension
| Dimension | Amortiq | Loan Calculator | Edge |
|---|---|---|---|
| Basic payment calculation | Instant monthly payment, total interest, and total cost as you type. | The same core calculation — amount, term, rate in, payment out. | |
| Amortization schedule | Full amortization schedule available with Pro. | Not part of the app's stated feature set — it's intentionally minimal. | |
| Extra payments | Extra payment simulator shows the effect of paying down principal faster, with Pro. | Not included. | |
| Loan comparison | Side-by-side comparison of multiple loan scenarios, with Pro. | Single-loan calculation only. | |
| Track record | New app, building review history. | 4.89 average across 105,455 ratings — extremely well-established for the basic job. |
Amortiq advantage · Loan Calculator advantage · roughly equal
Where Amortiq wins
- Goes past the single number. A payment figure is a start; the amortization schedule and extra-payment simulator answer the follow-up questions people actually have.
- Loan comparison lets you weigh two offers side by side instead of recalculating manually.
Where Loan Calculator wins
- Proven at massive scale. 105,000+ ratings is a strong signal the basic calculation is trustworthy and the app is stable.
Pick Amortiq if…
You want to see the full amortization picture, model extra payments, or compare loan offers.
See AmortiqPick Loan Calculator if…
You just need a quick payment estimate and nothing more.
Visit Loan Calculator siteBoth get the payment math right — Amortiq is for the follow-up questions a bare number can't answer.
Frequently asked questions
What's the main difference between Amortiq and Loan Calculator?+
Loan Calculator by Tim O's Studios is, by review count, the most popular loan calculator on the App Store — over 105,000 ratings. It's also deliberately bare-bones: "just enter your amount, term, and rate." Amortiq covers the same core math with a fuller amortization toolkit.
Should I choose Amortiq or Loan Calculator?+
Pick Amortiq if: You want to see the full amortization picture, model extra payments, or compare loan offers. Pick Loan Calculator if: You just need a quick payment estimate and nothing more.
What can Amortiq do that Loan Calculator can't?+
Goes past the single number. A payment figure is a start; the amortization schedule and extra-payment simulator answer the follow-up questions people actually have. Loan comparison lets you weigh two offers side by side instead of recalculating manually.
Where does Loan Calculator win over Amortiq?+
Proven at massive scale. 105,000+ ratings is a strong signal the basic calculation is trustworthy and the app is stable.