Home Finance Professional is the comprehensive home finance application. Pretty graphs and charts. E-mail amortization summary and schedule as pdf attachment ...
Home Finance Professional is the comprehensive home finance application. Pretty graphs and charts. E-mail amortization summary and schedule as pdf attachment as well as print them as table with header, footer, page number. Key Features: 1. Affordability 2. Amortization 3. APR 4. Balloon Payment 5. Comparison 6. Cost 7. Duration 8. Qualification 9. What-if Analysis 10. Amortization input data is saved 11. Pie chart of interest vs. principle is displayed 12. Area graph of cumulative balances is displayed 13. Bar graph of monthly loan payment is displayed 14. Bar graph comparing total interest and total payment is presented Detail: 1. Affordability - How big property can the consumer afford based on income and debt obligations? a. Input Annual income Monthly required debt payment Cash available for down payment Property Tax rate as % Home insurance as % Interest rate % Loan term in years PITI Debt Ratio - principle + interest + property tax + insurance Total Debt Ratio - PITI + Monthly debt payment b. Summary Property value/loan amount PMI 2. Amortization - Amortizes mortgage loan Input: Purchase PRice Down payment as % or actual $ amount Closing Cost Annual Home insurance Annual Home Owner Association Fee Annual property tax Loan term in number of years Interest rate % Payments/year - by default 12/year Optional extra payment - to pay down principle Summary- Monthly payment Total interest paid Total payments Reduction in payment term Amount paid in early payments Total savings Detail: Beginning balance, principle paid, interest paid, cumulative principle paid, cumulative interest paid and ending principle balance per period group by year 3. APR - Calculates APR from loan amount, loan term (years), stated interest rate % and closing cost 4. Balloon Payment - If loan were to be paid early, balloon payment calculates remaining principle to be paid 5. Comparison - Supply one or more mortgage loan data and this app will provide summary for each loan like amortization 6. Cost - Closing cost of the loan calculated from loan amount, loan term, stated interest rate and APR 7. Duration - Calculates the loan duration if additional payment is made every period or if payment is made more frequently 8. Qualification - How much of loan is required to purchase a property of give value 9. What-if Analysis - Calculates one of the 4 variable - principle, term, interest and payment when 3 variables are supplied
Size: 1.71 MB
Price: $ 9.81
Developed by Business Compass LLC
Day of release: 2010-09-13
Recommended age: 4+