LoanAmortizer Professional allows you to prepare and print coupons applicable
to each payment in a certain amortization schedule and even
print your own coupon book by selecting a special uneven printing
order. That uneven print order will later let you cut and
make your customized payment coupon book. Canadian Mortgage
calculations are also implemented in LoanAmortizer Professional, both for mortgage
and regular loans .
LoanAmortizer Professional is one of the few loan amortization and schedule
preparation programs that complies with the provisions of
the complete U.S. Regulation Z, and especially Appendix J,
regarding interest calculation. LoanAmortizer Professional handles multiple
amortization methods - Simple (U.S. Rule) and Normal (Actuarial).
LoanAmortizer Professional can combine any payment frequency with any compounding
period. LoanAmortizer Professional is the most flexible and powerful loan amortization
program that is easy to work with. The extensive and informative
help documentation makes the work with it not only easy but
pleasant too.
LoanAmortizer Professional supports fiscal year start/end management - this
feature allows the users to select the beginning and the end
of the fiscal year while printing the amortization schedules.
The new LoanAmortizer Professional allows a new late fees setup where the late
fees can be defined as a percentage of the delayed payment,
set as a number or as a percentage of the payment but not
exceeding a certain figure.
LoanAmortizer Professional has a network supporting functions with file locking
module that makes it ideal to work in a Network Environment
where many copies of the program on different computers share
one location for LoanAmortizer working files keeping.
You need one license for each computer you have in the office
and that you want to use our program onto (no matter whether
working in LAN or not). Check out our volume
discount policy.
LoanAmortizer Professional combines many standard, specific and unique features
to be as powerful and easy to be used as it is. Here are some
of them:
| Amortization Method |
Interest Type |
- Normal (Actuarial)
- US Rule (Simple)
|
- US Regular
- Canadian Mortgage
|
| Interest Year |
Payment Frequency |
- 360 US Method
- 360 European Method
- 364
- 365
- 366
- Actual / 360
|
- Daily
- Weekly
- Bi-weekly
- Half Monthly
- Four Weekly
- Monthly
- Bi-monthly
- Quarterly
- Semi-annually
- Annually
|
| Compounding Periods |
Output Parameters |
- Daily
- Weekly
- Bi-weekly
- Half Monthly
- Four Weekly
- Monthly
- Bi-monthly
- Quarterly
- Semi-annually
- Annually
|
- Total Payments
- Amount Financed
- Last Payment Date
- Total Interest Amount
- Nominal Interest Rate
- Annual Percentage Rate (APR)
- Effective Annual Rate
- Periodic Rate
- Daily Rate (per diem)
- Yield
|
|
|