This software helps users financially plan for the purchase of a new home by providing calculations and scenarios for various options.
The Home Buyer's Financial Calculator is an all-in-one software that allows home buyers to calculate various financial scenarios related to the purchase of a brand new home. Developed with a full suite of features, this software includes a Quick Calculator, Mortgage Qualifier, Amortization Schedules, Payment Grid, Loan Comparisons, Biweekly Payments, Refinancing, and Good Faith Estimates.
The Quick Calculator feature enables users to instantly find the answers to basic financial queries around principal, number of payments, interest rate, and payment amount. The Mortgage Qualifier, on the other hand, calculates the maximum mortgage amount and monthly payment based on underwriting guidelines.
With this software, creating an Amortization Schedule is as easy as entering the mortgage amount, interest rate, and number of payments. Moreover, users can easily add extra payments, see the impact on their principal, and get payment grid displays with selected ranges of loan amounts and interest rates.
The Loan Comparisons Calculator lets users compare up to five different loan scenarios, while the Biweekly Payments Calculator displays potential savings in money and time when making biweekly payments. Using the Refinancing Calculator, users can easily determine the duration required for breaking even on refinancing.
Additionally, the Home Buyer's Financial Calculator generates Good Faith Estimates based on data entered by the user. The software also features a Home Buyer's Glossary integrated into the help file.
This demo version is fully-functional, and when you register, the software can be customized to display real estate agent graphics, message, and contact information. This makes it easily distributable on a single diskette, which also serves as an advertising tool, as home buyers will readily think of you each time they use the calculator.
The Quick Calculator feature enables users to instantly find the answers to basic financial queries around principal, number of payments, interest rate, and payment amount. The Mortgage Qualifier, on the other hand, calculates the maximum mortgage amount and monthly payment based on underwriting guidelines.
With this software, creating an Amortization Schedule is as easy as entering the mortgage amount, interest rate, and number of payments. Moreover, users can easily add extra payments, see the impact on their principal, and get payment grid displays with selected ranges of loan amounts and interest rates.
The Loan Comparisons Calculator lets users compare up to five different loan scenarios, while the Biweekly Payments Calculator displays potential savings in money and time when making biweekly payments. Using the Refinancing Calculator, users can easily determine the duration required for breaking even on refinancing.
Additionally, the Home Buyer's Financial Calculator generates Good Faith Estimates based on data entered by the user. The software also features a Home Buyer's Glossary integrated into the help file.
This demo version is fully-functional, and when you register, the software can be customized to display real estate agent graphics, message, and contact information. This makes it easily distributable on a single diskette, which also serves as an advertising tool, as home buyers will readily think of you each time they use the calculator.
What's New
Version 2.8.1: N/A