APRCalc provides a quick and easy way to compare loan options.
Enter any three figures--the amount financed, payment term, interest rate, or
payment amount--and APRCalc will compute the fourth. APRCalc calculates amortizations
for fixed, variable, biweekly, and other types of mortgages, and payment schedules
can be weekly, biweekly, monthly, quarterly, semiannually, or annually. Annual
and per-payment subtotals can be easily displayed. Professional quality printouts
can be created, and registered users can customize the program. Scenarios can
be saved in files and even password-protected. A variety of prepayment options
let you compare effects on principal, compute the amount necessary to shorten
the term to a specified number of payments, and more. You can calculate break-even
dates for discount points on mortgage loans to determine how long you'll need
to own the house to come out ahead. You can attach notes to any scenario (or any
payment) for reference purposes, drag and drop files, and display multiple copies
for side-by-side comparison. It supports infinite undo/redo and autosave.