Loan Reimbursement Tracker with Interest Calculation
Why This is an Opportunity
The user is seeking a tool to monitor and calculate loan reimbursements among multiple parties with varying rates, particularly in scenarios where one party contributes more initially. A simple web app could offer forms for user data entry, calculate individual contributions, and display the resulting ownership and interest distributions, making it a practical solution for multiple users in similar situations.
Key Pain Points
- •Difficulty in tracking multiple reimbursements with different rates
- •Need for accurate calculations that factor in initial contributions
- •Lack of existing tools that simplify complex loan repayment scenarios
Original Discovery
My buddy and I plan on buying a property together, but with potentially a diferent capacity to reimburse. Anybody knows about a spreadsheet that takes into account the advantage one gets by putting more money in the beginning? It is a complex calculation if we want to remain 50/50 in the ownership. For example, how to take into account the fact the one being faster should pay less interest at the end. I know the subject has been touched on in a couple of thread, but I haven't been able to find any tool that could be re-used and/or adapted easily with all the functions needed.
Ready to Build This?
Sign up to save this opportunity and get your personalized MVP kit. Includes domain name suggestions, boilerplate code, and AI prompts to build your MVP rapidly.
Free MVP kit • Domain finder • Starter code