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VENDOR.DOC
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1991-11-10
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VENDOR DOC
PROGRAM NAME: ACCEL
DESCRIPTION: Evaluates various accelerated mortgage payment
options.
EXPANDED DESCRIPTION:
The MORTGAGE ACCELERATOR is a Menu driven that provides a way
to compare basic ways of accelerating payments on a mortgage:
1. paying a fixed amount extra per month
2. paying the next month(s)'principal amount with no maximum extra
principal amount
3. paying the next month(s)' principal with a maximum extra
principal amount
4. paying bi-weekly where 1/2 of the regular monthly payment is
put aside somewhere and at the 6th and 12th payment, the extra 1/2
amount is sent as an extra amount toward principal.
This program has 5 different menu options of which to choose.
It has 3 different options to evaluate accelerated mortgage
options, an option to view the documentation about this program and
an option to return to DOS.
What each Menu Option Does!
1. Displays 4 different acceleration methods and gives 10
different examples using these methods; 3 different extra payment
amounts, 3 next month(s) extra principal amount(s) with no maximum
payment, 3 with next month(s) extra principal(s) with a maximum
payment and a bi-weekly payment option. Determines how much
interest could be saved and the payoff period using each
acceleration method.
2. Displays and/or prints a comparison table of the interest
paid, principal paid and an ending balance of a loan that is
amortized on the left half of the display and on the right side of
the display, the same loan using one of the four acceleration
methods. Can be produced by month, by year or by payment number.
3. Displays and/or prints an accelerated amortization table.
Allows for any of the 4 acceleration methods. Provides a breakdown
of each payment to principal and interest, a cumulative total for
each of these amounts and an ending balance.
4. Instructions on how to use this program. Provides information
on how to use this program.
5. Returns to DOS.
HARDWARE REQUIRED: IBM PC or compatible
DOS 2.1 or higher
Color Monitor (Optional to view display in
color)
Printer (Optional to print
amortization/comparison tables)
MEMORY REQUIRED: 256K
REGISTRATION PRICE: $14.95
REGISTRATION AND SUPPORT ADDRESS: JSOFT
4108 14th Ave S
Minneapolis MN 55407
(612 823-7197)
INSTALLATION: Can be run from any drive provided required files
are present.
REQUIRED FILES: ACCEL.EXE
ACCEL.OBJ
ACCEL.DOC
REGISTRATION: Printed Manual (if requested)
Technical Support
Source Code @ additional cost