Our Loan Amortization software provides many options for how to calculate your interest and payments. Payments can be
Weekly, Bi-Weekly, Semi-Monthly, Monthly, Bi-Monthly, Quarterly, Semi-Annual, or Annual. Interest can be calculated for 360 or
365 days per year and balloon payments are supported. Adjusting the Interest Start date will allow adding additional days of
interest to the payment amount.
The software will calculate either the principal, interest rate, number of payments, or payment amount.
If all values are entered and are less than required to amortize the loan, a balloon amount can be calculated.
The loan amortization schedule can be printed in detail or in annual summaries for any chosen year end.
This software does not track payments.
To enter and track periodic payments see our Loan Tracker software.
Our Loan Amortization software will solve for any one of the following variables :
The principal amount
The payment amount
The number of payments
The interest rate
If you enter all values and the values are less than required to amortize the loan,
the software will provide an option to allow the calculation of a balloon amount
Interest calculations can be based on either 360 days for regular interest amounts per period or
365 days per year for exact daily interest amounts per period.
Enter the loan date, the date interest starts, and the date of the first payment.
Choose if the initial interest amount is calculated from the start interest date or for an exact full period.
Enter the principal amount, interest rate, payment amount, and number of payments.
Leave one blank and our software will calculate it for you or enter them all and if necessary, the software will
provide options to recalulate any one of the values.
Balloon payment / TRAC lease residual payment amounts are supported.
Choose either a fixed final payment amount with an interest
adjustment or a variable final payment with exact interest accrued.
Amortization schedules can be printed with detailed amounts or with just annual summaries.
Print a complete schedule for all years or a partial schedule for the number of years desired.
By choosing the appropriate year end month, schedules with annual
totals can be printed for any fiscal year end month.
Export the amortization schedule to an Excel®
spreadsheet or to a csv data file for use in other programs.
Create pdf files directly from within the program.
Allows entry of preparer name, address, telephone for printing on amortization schedules.
NEW FEATURE - Save your loan information to be retrieved at a later date.
Loan Amortization Screen
One time payment. No monthly, annual, or renewal fees.
Select # of users then click Add to cart button.