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Overview
Features
Requirements
Screenshots
Comparison Chart
 

Comparison Chart

Feature/product

LoanAmortizer Standard

LoanAmortizer Professional

LoanAmortizer Enterprise

Actuarial Amortization method

US rule amortization method

Contract Date management

First Due date management

10 payment frequency modes1

10 interest compound period modes2

Interest type — US or Canadian Mortgage

Loan Amount entry and calculation

Interest rate entry and calculation

Number of payment entry and calculation

Periodic payment entry and calculation

Missing parameter calculation3

Short due mode (amortized in .., due in ….)

User Defined calculations

6 interest year modes 4

10 output parameters5

APR display/hide info on printouts

Customer info on Printouts

Saving Loans

Save As command for comparing schedules

Exporting Loans to table, delimited file or MS Excel

Help: built-in

Purchase online

Balloon payment as final payment capability

Coupon book printing

 

Fiscal Year Selection

 

Mortgage loans

 

Prepaid finance charges calculation

 

Prepaid finance charges as fixed amount

 

Prepaid finance charges as percentage

 

Balloon payment within the loan positioning

 

Late fees setup as part of the coupon book

 

Mortgage date management

 

Prepaid interest calculation

 

Actual payment tracking

   

Automatic schedule recalculating

   

Payment Schedule editing

   

Additional loan draws

   

Additional payment amounts

   

Uneven payment amounts

   

Early or late payments

   

Interest rate changes during the life of the loan

   

Annual history page

   

Manual Loan Amortization page

   

Loan and Payment charts

   

Escrow fees setup

   

Complete interface management

   

Adjustable Rate loans

   

Loan Schedules with Equal Principal Payments

   

Accumulate cents

   
 
   

1. Daily, Weekly, Bi-weekly, Half Monthly, Four Weekly, Monthly, Bi-monthly, Quarterly, Semi-annually, Annually

2. Daily, Weekly, Bi-weekly, Half Monthly, Four Weekly, Monthly, Bi-monthly, Quarterly, Semi-annually, Annually

3. Calculates any 4th missing base input parameter if the 3 other are entered.

4. 6 interest year modes

  • 360 US Method (360-day year (twelve 30-day months))
  • 360 European Method (360-day year (twelve 30-day months)),
  • 364 (364-day year),
  • 365-day year,
  • 366-day year,
  • 365/360-day year

5. 10 output parameters.

  • 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
 
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