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15 vs 30 Year Mortgage + 1.2
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| Program Description: 15 VS 30 YEAR MORTGAGE
This program is a version that allows you to compare a 15 year
mortgage with one for 30 years. It will run under
Win 95, 98, Me, NT4, XP & 2000. Printouts are professional looking. |
| Other software from this author: | - Added Payment Amortization + 1.2 — This program is a version of 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. It will run under Win 95, 98, Me, NT4,XP, & 2000.
- Balloon Amortization + 1.2 — This program is a version of 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. It will run under Win95,98,Me, & XP
| | Show all software from this author |
Description:
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. It will run under
Win 95, 98, Me, NT4, XP, & 2000. If you itemize deductions, then you know the
IRS allows you to deduct mortgage interest. This subsidizing of a
mortgage means you can receive credit for the increased interest you
pay on a 30 year loan. The basic premise of this evaluation is that if
the buyer could afford the monthly payments for the shorter term (and
would invest the difference in monthly payments according to the
instructions), at certain rates of return on the investment it would be
more advantageous to obtain the 30 year mortgage. 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. | System Requirements:
8 Mb RAM 386 or better | Change Info:
Minor Update - Addede missing file | | 15 vs 30 Year Mortgage + 1.2 Download from benttreesoftware.com |
| Similar software: | - Loan Amortization + 1.2 — This program is a version of a standard loan payment schedule that may be used for any type loan where simple interest is the type used. It is not limited to mortgage loans. It will run under Win 95, 98, Me, NT4,XP,& 2000.
- Max Mortgage + 1.2 — How much house can you afford? You might be pleasantly surprised.
This program is a version of a loan qualifier for either a fixed rate or a variable rate mortgage. It will run under Win 95, 98, Me, NT4, XP & 2000.
- Mortgages + 1.2 — programs include:added payment,ballooon amortization,biweekly amortization, 15vs30 year mortgage,loan amortization,maxmortgage,refinance it?,&variable rate mortgage
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