About LoanTrakIQ

LoanTrakIQ is a purpose-built loan modeling and forecasting tool designed to give borrowers deeper insights into their mortgage or loan performance.

Tools & Features

New Loan Forecasting

Planning a new loan? Enter your loan amount, interest rate, term, and repayment type to see a full forecast including payoff date, total interest, based on a detailed amortisation schedule. The tool calculates daily interest and each repayment in detail.

Refinance & Realignment

Already have a loan in progress? Use the refinance tool to simulate extra repayments, lump sum payments, changing interest rates or fees. It uses your current balance and remaining loan term, along with the date interest payments are applied to the account to show accurate forecasts, interest savings from extra repayments, and a updated payoff timeline.

Compare Loan Products

The Comparison Tool allows you to evaluate two loan products side-by-side with different interest rates and fees. What makes this unique is that it uses your actual loan data including your current repayment behavior and remaining term to simulate how each product would impact your specific loan. This provides more realistic insights than traditional marketing-driven comparison rates.

Future enhancements

Future features will include:

• Generate CSV amortisation schedule which can be downloaded as a CSV for further analysis, printing, or submission to a broker or advisor.
• Support for introductory interest rates
• Support for periodic fixed term interest rates
• Support for split fixed and variable interest rates
• Support for additional fee types

🌗 Light/Dark Mode

Prefer to work in low light or just want a cleaner look? Toggle between light and dark mode for optimal viewing comfort.