The Mortgage & Loan Calculator Analyzer is designed
to help you track in great detail several mortgages
and loans. On a basic level, the program acts as a
mortgage calculator allowing you enter basic mortgage
parameters like principal, interest rate, payment
cycle, compound rate, and term (years). The program
will then calculate the monthly payment as well as
produce an amortization table showing you the
interest and principal paid for each payment. Key to
the heart of the mortgage program is the ability to
adjust any payment throughout the course of your
loan. For example, you can enter in an additional
$1000 payment for January 2008 and then $700 for
August 2008. The program will then show how this
affects the mortgage amortization and final pay off
date for the loan. Other features include: multiple
mortgages, allowing you to try out different payment
options or interest rates to see how they affect your
pay off date; amortization table option to show every
payment or just an annual summary; final payment
figure with PMI, home owners insurance, and property
taxes; a simple extra payment parameter that
automatically adds to every monthly payment and
refigures the mortgage pay off date; various
compounding and payment cycle options including
monthly, bi-weekly, bi-monthly, annual, and bi-
annual. The user interface is simple and easy to use
allowing even a novice to analyze their mortgage.

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