|
Regular Amortization Software |
Simply Interest Professional |
| Calculations |
|
|
| Handles
Fixed Rate Mortgages and Loans |
Yes |
Yes |
| Computes
Principal Amount |
Yes |
Yes |
| Computes
Payment Amount |
Yes |
Yes |
| Computes
Amortization Period |
Yes |
Yes |
| Computes
Interest Rate |
Yes |
Yes |
| Handles
Interest Only mortgages and loans |
no |
Yes |
| Handles
Fixed Principal mortgages and loans |
Yes |
Yes |
| Handles
Percent stepped mortgages and loans |
no |
Yes |
| Handles
Dollar stepped mortgages and loans |
no |
Yes |
| Handles
Rule of 78 mortgages and loans |
no |
Yes |
| Handles
Skipped Payment mortgages and loans |
no |
Yes |
| Handles
Extra payment mortgages and loans |
Yes |
Yes |
| Finds
the APR (Annual Percentage Rate) |
no |
Yes |
| Handles
loans with odd days |
no |
Yes |
| Handles
Exact Day mortgages and loans |
no |
Yes |
| Handles
all popular payment and compounding frequencies |
no |
Yes |
| Finds
the maximum loan available using front and back end ratios |
no |
Yes |
| Does
comparisons of monthly vs. BI-weekly, weekly etc. mortgages |
no |
Yes |
| Finds
the true costs to refinance |
no |
Yes |
| Do
mortgage valuations |
no |
Yes |
| Handles
Adjustable Rate Mortgage Amortizations |
no |
Yes |
| Handles
loans with completely Irregular Payments |
no |
Yes |
| Computes
a payment for a series |
no |
Yes |
| Computes
the number of payments for a series |
no |
Yes |
| Computes
the interest rate for a payment series |
no |
Yes |
| Finds
the Average Interest Rate |
no |
Yes |
| Amortization Schedules |
|
|
| Creates
Amortization Schedules |
no |
Yes |
| Computes
Schedule Totals for a Range on Screen |
no |
Yes |
| Customize
Schedules with Company Name |
no |
Yes |
| Customize
Schedules with Client Name |
no |
Yes |
| Ability
to Print only a selected range of a Schedule |
no |
Yes |
| Ability
to change the Fiscal Year End for Schedule Totals |
no |
Yes |
| Prints
Fiscal or Yearly Totals |
no |
Yes |
| Prints
Quarterly Totals |
no |
Yes |
| Prints
Running Totals |
no |
Yes |
| Prints
the Details only or the Totals only or both |
no |
Yes |
| Lease vs. Purchase Analysis |
|
|
| Comprehensive
Lease vs. Purchase Analysis in one step |
No |
Yes |
| Creates
Detailed Lease vs. Purchase Reports |
No |
Yes |
| Exports
report data for spreadsheets or wordprocessors |
No |
Yes |
| Creates
both Loan and Lease Schedules with the same data |
No |
Yes |
| Ability
to instantly see the Interest Rate Implicit in a Lease |
No |
Yes |
| Other Calculations |
|
|
| Finds
any Unknown for Present Value Calculations |
No |
Yes |
| Finds
any Unknown for Future Value Calculations |
No |
Yes |
| Finds
any Unknown for Net Present Value Calculations |
No |
Yes |
| Finds
any Unknown for Bond Calculations |
No |
Yes |
| Finds
the number of days between two dates |
No |
Yes |
| Finds
a date that is x number of days from another date |
No |
Yes |
| Prints
all data for all forms |
No |
Yes |
| Ability
to customize the default values for all forms |
No |
Yes |
| Ability
to use multiple calculation forms at the same time |
No |
Yes |
