program description: 15 vs 30 year mortgage this program is a version that allows you to compare a 15 year mortgage with one that has a duration of 30 years. printouts are professional looking and may be used by financial planners as they contain a "prepared by:" area. this program may also be useful to lending institutions in advising a client on the term of a mortgage.

this program is an added payment schedule that demonstrates the effect of added payments to reduce the term of a loan and also reduce the amount of interest paid. by making additional principal payments when paying yourmonthly mortgage, you will reduce the term of the loan and gain equity in your home at a faster pace. be sure that the bank or other lending institution credits the amount each month.

confused by all the "hype" about rebates, low interest loans, or "rule of 78" versus simple interest loans? this program is a group of auto loan calculators. this program includes most of the current types of financing available for automobile loans. included are: a simple interest loan calculator; a rule of 78 loan calculator; a comparison of the two; and a program that can evaluate the "best deal" on rebates versus low-interest.

this program is a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a large payment at the end of the balloon period or refinancing the loan. bankers are currently touting mortgages with a one to five year balloon. what they don't tell you is that the interest is usually based on a 30 year term which, unless you know "the numbers" can result in a shock to your system.

this program is a biweekly payment schedule that demonstrates the effect of reducing the term and interest amount of a loan. by making a loan payment every two weeks of half of the monthly payment, 26 payments are made each year. this program demonstrates the savings available to you if you pay your mortgage every other week instead of monthly and are credited the payment by the lending institution at the time of payment.