loan advisor is a powerful yet easy to use program that allows you to calculate, analyze and optimize your loan. one of loan advisor's most useful features is the ability to demonstrate the effect of additional payments on your loan. by using this feature you can learn how to pay off your loan sooner and save money at the same time. loan advisor also provides a detailed schedule of your loan over time. this allows you to see how each payment you make will affect your loan. you can see how much of each payment actually goes towards reducing capital and how much is just paying off interest. the residual value calculator allows you to see the effects of leaving a residual value when paying back a loan. you just enter your loan details and you can then calculate the monthly payment required to leave a specified residual value. alternatively you can calculate the residual value for any given monthly payment. you can also perform "what if?" calculations on your loan. this means that you can calculate the loan amount, interest rate, period or repayment. loan advisor also includes a graph showing the breakdown in cost of your loan, and a loan grid showing interest rates and amounts around your loan so you can see the difference in loan payments. loan advisor supports 8 different payment and compounding periods and can handle mortgage's paid in both arrears and advance.