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1996-01-10
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Mortgage Analyzer v2.04 Home Mortgage Analysis, Qualification
DOS JAN96 AMORTIZE RENT MORTGAGE LOAN FINANCE REAL ESTATE
FILES: MRT204.ZIP
Author: Michael D. Jones (Insight Software Solutions)
REGISTRATION: $30.00
Category: Finance
E-Mail: 71672.3464@compuserve.com
This is NOT an ORDINARY mortgage program. It includes seven pre-
defined loan acceleration methods such as bi-weekly, double principal
and growing equity payments plus the ability to set up *ANY* acceler-
ation method conceivable through variable extra payments. Accelerated
schedules and/or summaries can be produced side by side with the
original mortgage or by themselves.
Features mortgage comparisons--enter all values for two complete
mortgages. For instance, you may enter identical information for
both, then change the interest rate and points on one and see the
difference it makes! Or compare a Conventional Loan to an FHA Loan.
Print, view or save to file complete schedules and/or summaries for
both side by side.
No need to wander through endless screens entering data wondering
when the last screen is at hand. Mortgage schedule and summary inputs
are contained on one screen with the use of function keys to branch
out to less common needed items such as variable rates for use with
ARMs. The input screen contains Loan Type (Conventional, FHA, VA),
Purchase Price, Down Payment, Duration, Interest Rate, Interest Type
(Fixed, Stepped, Adjustable, Reset), Closing Date, First Payment
Date, Points, Property Tax, Homeowners Insurance, Mortgage Insurance
and closing costs. It calculates payments, points, tax savings, daily
interest, mortgage insurance, interest paid, interest saved (for
acceleration) and complete schedules.
Schedules can be produced on an annual or monthly basis, on a
calendar or fiscal year with cumulative or non-cumulative values
using whole dollars or exact cents.
The Mortgage Analyzer contains many other features like Qualification
Analysis reports for conventional, FHA and VA loans. Sections are
included giving Buy vs. Rent and Sell vs. Lease Analysis. Includes
solve for missing loan value calculator, loan refinancing, daily
interest, FHA down payment and points calculators. Save and restore
multiple clients. Contains an on-line manual, on-line help, config-
uration for default report options, header lines, and screen color
selection.
Hardware Requirements: IBM PC or Compatible, 512K RAM, Hard Disk,
Printer capable of condensed printing.
Other Requirements: DOS 2.x or higher.