Mortgage SIM allows you to simulate mortgage and loan scenarios to track new and existing mortgages and to find the best payment options. Bankers, home buyers, students, and real-estate agents can save time and money by evaluating different payment options when using this powerful decision tool. Timeline and graphing features help you see the impact of lump sum payments, changes in interest rates and renegotiating part-way through the term.
Three common “Fast-Pay” methods are used to provide comparative payments for Weekly, Bi-Weekly and Semi-Monthly payment schedules. So, in a glance you can easily compare and analyze the savings and term lengths of a wide variety of user-configurable, alternate payment approaches.
The flexibility of this tool also allows prospective buyers to calculate the size of mortgage that they could afford based on a predetermined monthly payment, rate and term. The program calculates payments for virtually any term, any rate, and any principal mortgage amount.
If you need more information, this program also generates detailed Amortization Schedules for any of the different payment option scenarios. Modifying and reworking any scenario can be as simple as adjusting one of the mortgage factors.
A comprehensive and simple mortgage calculator for your Pocket PC.