Windows · Free download · Mortgage Loan
is a financial tool for loan and mortgage amortization and payment schedule preparation.
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Overview
is a financial tool for loan and mortgage amortization and payment schedule preparation.
In depth
You can insert any type of balloon payment anywhere in the amortization schedule, and prepare a mortgage amortization schedule with the respective prepaid interest amount and finance charges.
The program also allows you to create and print coupons applicable to each payment in any amortization schedule, and design and print your own coupon books.
File management functions are available so that once any amortization schedule is prepared it can be saved in a file for future reference, comparison or archive.
In addition, a mortgage can be amortized in decades but paid in months, and any payment frequency and compounding period can be combined.
LoanAmortizer complies with the provisions of the complete U.S. Regulation Z, and especially Appendix J regarding interest calculation. It can handle multiple amortization methods, such as the Simple (U.S. Rule) and the Normal (Actuarial).
Verdict
LoanAmortizer (Professional Edition) runs on Windows 95/98/Me/NT/2000/Windows 10/11 and is available under the 30-day Trial license — the installer is 1 MB. We’ve catalogued it under Mortgage Loan.
At a glance
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