Free Average Interest Rate Calculator

Free Average Interest Rate Calculator is a simple-to-use application that can quickly find out the average interest rate you pay for mortgage, credit cards and other types of loans based on the balance and annual interest rate of each specified entry.

It has an intuitive set of options that can be figured out even by users with no previous experience in financial calculators.

Setup takes little time, but you shouldn't rush through the wizard steps because Free Average Interest Rate Calculator offers to download and install additional tools that it doesn't need to work properly. Unless you're interested, you can decline all these offers to perform a clean installation.

The interface is user-friendly. Made of a standard window split into two panes which also has a menu bar and toolbar, the program shows several examples of debt descriptions to give you an idea of how it works.

This includes mortgage, credit cards, credit union loan, and community bank loan, as well as the default balance and annual interest rate.

Any fields can be edited while new ones can be filled out. Up to ten entries can be taken into account. The tool computes data in real time (as you type) and displays the average interest rate along with the total balance.

There are no options integrated for printing, copying or saving the full information to file. At most, you can select separate fields to copy the numerical values. Apart from the fact that it's possible to empty all fields with one click, there are no other noteworthy aspects of this app.

Data was instantly calculated in our tests while Free Average Interest Rate Calculator stayed light on system resources usage. We haven't experienced any stability issues. On the other hand, it comes packed with a small set of features.