![]() From Issue 28 Title: Mortgage Designer Requires: 386 PC, 4MB RAM, VGA graphics, 3 1/2" HD drive, Windows 3.1, and DOS 3.3 or higher. |
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This powerful program lets you know what banks would like
to keep a secret: exactly how much your loan is going to
cost you! Although specifically designed for home loans,
it will work for car loans or any other term loan.
With Mortagage Designer, you can: calculate a loan's cost over the full term; find the remaining balance; find any single missing parameter of a loan; adjust the interest during the course of the loan; experiment with refinancing by comparing two mortgages; compare two interest rates that compound at different frequencies; determine your maximum monthly payment; compute the full amortization schedule; determine your tax savings based on the current year's interest payments and more! Mortgage Designer is a full 32-bit Windows 95 application. You must have Windows 95 in order to run it. |