Added Payment Amortization
This program is a version of an added payment schedule that demonstrates the effect of added payments to reduce the termof a loan and also reduce the amount of interest paid. It will run under Win 95, 98, XP, and 2000. By making additional principal paymentswhen paying yourmonthly mortgage, you will reduce the term of the loan and gain equity in your home at a faster pace. If you decide to utilizethis method of payment, be sure that the bank or other lending institutioncredits the...
Tags: personal finance, amortization, compare loans, software, shareware, added payment,
