| Mortgage amortization software functions as a | | | | and principal owing. Users can check the effects of |
| mortgage and loan management tool for those who | | | | changing payment amounts and extra payments that |
| need to track mortgages and loans as well as | | | | are made weekly, monthly, or yearly during the loan |
| generate amortization schedules for planning purposes. | | | | repayment period. |
| It is available in different versions designed for different | | | | It allows users to print mortgage amortization |
| entities such as finance professionals, individuals, and | | | | schedules for the complete repayment period in |
| government agencies. | | | | multiple formats or specify a date range for printing |
| The software has different tools that allow users to | | | | schedules limited to a certain period. Users have the |
| view any number of extra payments made during the | | | | option of specifying a start date for the schedule or |
| loan repayment period and individually override any | | | | use generic time references from any of the |
| payment amount. Users can also effect changes in | | | | numerous day-count conventions enabled by the |
| equated monthly installments (EMI) to see the affect of | | | | software. Compounding methods used for generating |
| different payment frequencies and interest rates on | | | | amortization tables are based on US and Canadian |
| the overall interest costs and loan retirement time. | | | | mortgage rules and regulations. |
| It allows users to generate different amortization tables | | | | The software is also capable of generating negative |
| based on different EMI amounts that can be saved | | | | amortization schedules and handling different payment |
| and stored for future referrals. It helps in selecting the | | | | types such as normal, interest only, fixed principal plus |
| best available mortgage amortization plan available in | | | | interest, increment by dollar, and increment by |
| the market by comparing loan amounts, interest rates, | | | | percentage. It is compatible with all versions of |
| payment frequency including accelerated payments, | | | | windows operating systems and requires a minimum |
| interest compounding frequency, and principal/ interest | | | | of 45 MB free disk space to function properly. |
| breakdowns along with running totals of interest paid | | | | |