This mortgage and loan software enables users to calculate and evaluate different payment and loan scenarios. It provides insights on the potential impact of early payments on interest payments and pay off dates.
The standout feature of this program, however, is its ability to edit loans once they're already entered. With the "edit payments" function, users can change the value of any payment over the course of the mortgage, allowing them to see the impact and results of any changes made. Whether you're looking to show missed payments, make extra ones, or see how adding a few extra dollars can help pay off your mortgage early, this program makes it easy to do so.
On the main screen, you can monitor both remaining loan and payoff date, giving you a clear and simple way to track your progress. Do keep in mind, however, that the results of this program may differ slightly from your lender's, so any final payments or payoffs should be discussed with them.
Overall, this is a fantastic and completely free program for anyone looking to better understand their loans, calculate mortgage payments, or make smart financial decisions.
Version 2.1: Minor bug fixes
Version 2.0: installer
Version 1.1: na
Version 1.0: na