LoanAmortizer Standard is one of the few loan amortization and schedule
preparation programs that complies with the provisions of
the complete U.S. Regulation Z, and especially Appendix J,
regarding interest calculation. LoanAmortizer Standard works multiple amortization
methods - Simple (U.S. Rule) and Normal (Actuarial). The program
can combine any payment frequency with any compounding period.
LoanAmortizer Standard is the most flexible and powerful loan amortization
program that is easy to work with. The extensive and informative
help documentation makes the work with it not only easy but
pleasant too.
The new LoanAmortizer Standard allows a new late fees
setup where the late fees can be defined as a percentage of
the delayed payment, set as a number or as a percentage of
the payment but not exceeding a certain figure.
The application has a network supporting functions
with file locking module that makes it ideal to work in a
Network Environment where many copies of the program on different
computers share one location for LoanAmortizer working
files keeping.
You need one license for each computer you have in the office
and that you want to use our program onto (no matter whether
working in LAN or not). Check out our
volume discount policy.
LoanAmortizer Standard combines many standard, specific and unique features
to be as powerful and easy to be used as it is. Here are some
of them:
| Amortization Method |
Interest Type |
- Normal (Actuarial)
- US Rule (Simple)
|
- US Regular
- Canadian Mortgage
|
| Interest Year |
Payment Frequency |
- 360 US Method
- 360 European Method
- 364
- 365
- 366
- Actual / 360
|
- Daily
- Weekly
- Bi-weekly
- Half Monthly
- Four Weekly
- Monthly
- Bi-monthly
- Quarterly
- Semi-annually
- Annually
|
| Compounding Periods |
Output Parameters |
- Daily
- Weekly
- Bi-weekly
- Half Monthly
- Four Weekly
- Monthly
- Bi-monthly
- Quarterly
- Semi-annually
- Annually
|
- 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
|
|
|