Loan and mortgage payment tracking software

The software is extremely easy to use and will accommodate adjustable rate loans, principal increases, balloon/residual amounts, insurance amounts, tax payments, and late fees.

You can select to adjust the final payment or adjust the final interest calculation when amortizing the loan.

Payments can be entered for full or partial payments.  Additional principle payments and additional principle amounts can be entered.  Loans can provide for a final balloon payment or residual value.  Late fees, insurance payments, and property tax payments are accounted for without affecting principle or interest.

Payments can be calculated for either annual, semi-annual, quarterly, bi-monthly, monthly, semi-monthly, bi-weekly, or weekly amounts.

This is NOT cloud based software.
All data files are stored on your system and under your complete control and security.

• Payments can be calculated on a weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annual, or annual basis.
• Choose either 360 or 365 days per year interest calculations. 360 days interest is calculated with each period having the same number of days, i.e. for Monthly, each month is 30 days. 365 days interest is calculated based on the exact number of days in the period, i.e. for Monthly, January is 31 and February is either 28 or 29.
• Payments can be applied to multiple scheduled payments and allocated between principal and interest as desired.
• Payments can be made for extra principal and/or balloon amounts.
• Enter periodic insurance and/or tax payment amounts.
• Enter principal increases at any time.
• Change interest rate as desired.
• Change scheduled payment amounts for outstanding payments.
• On screen grid displays scheduled loan payments, payments made, or adjustments for the life of the loan.
• All reports can be printed, viewed on screen, exported to an Excel® spreadsheet or saved as a PDF document.
• Reports include transactions, payment history, adjustment history, amortization schedule, and payment receipts.

• Optional recalculation of interest. Payments that are made early or late can optionally recalculate interest based on the payment date and can allow credit for paying early or add interest for the days paid late. Each payment has this option.
• Additional principal payments can optionally recalculate interest for the period between the payment and the next scheduled payment.
• Late fees or extra charges can be added and unpaid amounts can be removed from a scheduled payment at any time.