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
|
|
|