LoanAmortizer Professional 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 Professional handles multiple amortization methods - Simple (U.S. Rule) and Normal (Actuarial). LoanAmortizer Professional can combine any payment frequency with any compounding period. LoanAmortizer Professional 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.
LoanAmortizer Professional supports fiscal year start/end management - this feature allows the users to select the beginning and the end of the fiscal year while printing the amortization schedules.
The new LoanAmortizer Professional 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.
LoanAmortizer Professional 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 Professional 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
|