Mortgage Advisor
Software:Business & Finance:Personal FinanceMortgage Advisor which provides extensive mortgage calculations and analysis.One of the best features in Mortgage Advisor is its ability to analyse the effects of additional payments on your mortgage. Sometimes its possible to reduce the interest cost of your mortgage by many thousands of dollars by making a small additional payment per month.It includes a Mortgage Schedule that shows a summary of your mortgage period by period. It shows total interest, capital reduction, the outstanding balance, accumulated interest and capital over the period of the mortgage.The Mortgage grid shows a range of mortgage amounts and interest rates around the values you have entered so that you can see the effect of increasing/decreasing the total mortage amount and changing interest rates on your monthly repayment.It allows 8 types of interest compounding and repayment periods including weekly, monthly and semi-annually.There is also a pie-chart showing a cost breakdown of your mortgage.Mortgage Advisor supports US and Canadian mortgages as well as mortgages in most other countries.