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  • License: Commercial
  • Last update: 5 years ago
  • Total downloads: 89
  • Price: 3.99 to buy | | BUY the full version
  • Operating system: Mac OS X 10.6
  • Publisher: Brian Bauer Software
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mac default iconLoan Simulator for Mac Publisher's description

Loan Simulator is a simple and powerful application for simulating loan scenarios, from auto loans to home mortgages.

Loan Simulator is a simple and powerful application for simulating loan scenarios, from auto loans to home mortgages.

The following types of loans can be simulated:
-Conventional, simple-interest loans
-Interest-only loans
-Adjustable-rate loans
-Canadian-style loans (interest is compounded semiannually regardless of payment frequency)

Furthermore, a "balloon" amount can be set for each loan type except for interest-only. This is the final balance once all payments are made. Most loans have a final balance of zero and this is the default value.

The following payment frequencies are supported:
-Biweekly (every two weeks - a fortnight)

Loan Simulator allows an extra amount to be added to a payment. This extra amount is applied directly to the loan principal. The extra amount can be specified so it applies to:
-All payments
-A single payment
-A range of payments

Double-clicking an individual payment amount in the amortization table allows setting a payment amount specific to that payment. The loan is re-amortized automatically. If multiple payment rows are selected, the edited payment value is applied to all of the payments.

To simulate an adjustable-rate loan, set the initial interest rate and the full loan term. To change the interest rate for a period of time, select all of the payment rows for that period of time and double-click on the rate column for any of the rows. Set the new interest rate and it will be applied to all of the payment rows. The required payment for that period of time will be re-calculated.

Hovering over a payment in the amortization table will bring up a tooltip that displays that total principal and interest up to and including that payment. If multiple payments are selected, the tooltip will display the total principal and interest for only the selected payments.

When simulating an interest-only loan, the Balloon Amount is ignored.

What's New in This Release:

-Loan Simulator now supports OS X Lion File Versions

-Loan Simulator now allows the user to choose which columns to view in the loan amortization table

System Requirements:

Mac OS X 10.6 or later
Program Release Status: Major Update
Program Install Support: Install and Uninstall

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