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Mortgage & Loan Calculator Analyzer



Mortgage and Loan Calculator Main Screen








The Mortgage & Loan Calculator Analyzer is a software program designed to help borrowers organize and track their mortgages in great detail. It can also be used for other types of loans, but was intended originally for mortgages. Although this is a powerful program with features beyond what you will find elsewhere on the web for free, it is still easy to use for the novice software user and mortgagee.

The software, in its basic form, works like most any mortgage calculator. You can enter the information for your mortgage including data such as the term of the loan (number of years), the total principal you borrowed, the interest rate, the payment cycle (the program assumes each month, but you can change this around), and the compounding period of the mortgage (again the program assumes 12 months). The software will then calculate the monthly payment from this data. It will also generate an amortization table showing you the interest and principal paid for each payment over the life of the mortgage.

Here is a screen shot of the mortgage and loan calculator's main page:



Note: you can enter in a number of mortgages. You can also copy mortgages and then change them slightly. This gives you a great way to compare different mortgages and the impact small changes may have over the life of the loan.

What makes this mortgage calculator different than most any other mortgage calculator you will find for free on the web is the ability to customize any payment throughout the course of your mortgage.

Here is a screen shot showing the Edit Table screen:



From the Edit Mortgage screen you can change any of your mortgage payments, hit calculate, and see just how that change impacted the mortgage. You can see how much earlier you can pay off the mortgage if you pay a bit extra now and then.

Here is a screen shot of the amortization table of an example mortgage:



Other features include:

  • Multiple mortgages: allowing you to try out different payment options or interest rates to see how they affect your pay off date
  • Amortization table can be generated for both annual data as well as all date (every payment throughout the life of the mortgage).
  • Add in home insurance, PMI, and property taxes to figure the payment you will make to your mortgage company.
  • An easy and quick extra payment option that automatically adjusts each payment and calculates the new mortgage pay off date
  • Numerous payment cycle and compound type options including monthly, bi-weekly, bi-monthly, annual, and bi-annual.






Other Mortgage articles:

           Choosing a Mortgage
           Types of Mortgages
           What are Mortgage Points?
           Refinancing

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