LoanAmortizer Enterprise Edition v4.1

LoanAmortizer Enterprise Edition is the most functional and most complete and professional financial tool for loan and mortgage amortization and payment schedule preparation that runs on Windows 95/98 and NT. The program is directed for use by anybody that has a mortgage or outstanding loan at any financial institution around the world. LoanAmortizer Enterprise Edition helps you calculate interest rate, loan/mortgage amount, number of payments, periodic payment amount and any other loan calculations instantly. Once any amortization schedule is prepared it can be saved in a file for future reference, comparison or archive. You can insert any type of balloon payment anywhere in the amortization schedule or prepare a mortgage amortization schedule with the respective prepaid interest amount and finance charges. The mortgage can also be amortized in decades but paid in months. You can also prepare amortization schedule, view it and print it in virtually no time. Everything is completed automatically, accurately and is easy and simple to be used and handled. LoanAmortizer Enterprise Edition allows you to prepare and print coupons applicable to each payment in a certain amortization schedule and even print your own coupon book by selecting a special uneven printing order. That uneven print order will later let you cut and make your customized payment coupon book. Canadian Mortgage calculations are also implemented in LoanAmortizer Enterprise Edition, both for mortgage and regular loans. 
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LoanAmortizer Enterprise Edition introduces the following new features and enhancements:
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Tracking Loans
After a loan is created (constructed) and all its input parameters are set, it can be saved and the actual payments made later can be entered into the Loan Schedule. You can also enter additional draws and amounts added to the initial principal amount as well as any changes of the interest rate of the loan on dates from the initial loan amortization schedule or any other physical date. Additional payments can also be entered in the schedule on dates other than the ones initially specified by the original loan amortization schedule. All additional changes needed to be done on an already constructed (created) loan are executed directly in the "Loan schedule".
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Adjustable Rate Loans
The option for changing the interest rate of the loan at a certain date allows the use of the LoanAmortizer Enterprise Edition for creating, servicing and monitoring of Adjustable Rate Loans ( known also as Variable Rate Mortgages). The change of the interest rate, as well as the option of adding additional draws and payments breaks the normal payment plan of the loan the way it was initially set and arranged. A new command for recalculating of the periodic payment and the whole schedule after a certain date is added, to secure the equilazation of the periodic payment amount and the payment schedule to the point of its payoff.
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LoanAmortizer Enterprise 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.
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Loan Schedule
In contrast to the other two editions of the LoanAmortizer, The Enterprise Edition shows all transactions that have to be performed or that are already done in the loan schedule. These transactions include the initial draw of the loan, the initially contracted and negotiated periodic payment amounts, all additional draws and payments, interest rate changes as well as the transactions for capitalizing of the interest (if the Amortization method is Actuarial).
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Escrow accounts and late fees
One of the new features of the new LoanAmortizer Enterprise is the Escrow accounts setup and management with the respective taxes and insurance payments collections. That escrow payments are shown in the amortization schedule in an additional column and are editable since it is highly probable that the clients can bring short payments, be late or bring more money. There is another additional column in the Loan schedule showing total payment amount for the period - that will be Interest, principal and escrow fees as one sum.
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The new LoanAmortizer Enterprise 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.
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Completely New interface of the Application
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The main operational window of the LoanAmortizer Enterprise always shows one of the four loan descriptive pages:
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Loan schedule - Displays the schedule of the loan transactions and allows easy and precise entering of additional information, draws, payments and interest rate changes.
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Annual schedule - Displays summarized schedule of the loan transactions by years.
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Loan charts - Displays loan charts for better visualization of the the ratio "Interest" to"Principal" of the loan as well as the basic loan structure and details.
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Manual loan amortization - enter all your actual payments and draws to build the actual loan schedule
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The input and output parameters of the loan are separated in two different windows, which can be displayed from the "View menu". They can be used and set as separate stay-on-top windows, they can be "dragged and dropped"  anywhere around the main operational window.
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LoanAmortizer Enterprise Edition has 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.
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LoanAmortizer Enterprise Edition 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 Enterprise Edition handles multiple amortization methods - Simple (U.S. Rule) and Normal (Actuarial). LoanAmortizer Enterprise Edition can combine any payment frequency with any compounding period. LoanAmortizer Enterprise Edition is the most flexible and powerful loan amortization program that is easy to work with.
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LoanAmortizer Enterprise Edition combines many standard, specific and unique features to be as powerful and easy to be used as it is. Here are some of them:
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Amortization Method

Normal (Actuarial) 
US Rule (Simple)  
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Interest Year
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360 US
360 European
364 
365 
365/360
366  
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Interest Type

US (regular)
Canadian Mortgage
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Payment Frequency

Daily 
Weekly 
Bi-weekly 
Half Monthly 
Four Weekly 
Monthly 
Bi-monthly 
Quarterly 
Semi-annually 
Annually   


Compounding Periods

Daily 
Weekly 
Bi-weekly 
Half Monthly 
Four Weekly 
Monthly 
Bi-monthly 
Quarterly 
Semi-annually 
Annually   

Output Parameters

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  
 
