AL Systems


Mortgage Financial Analysis
Refinance Analysis Closing Cost Estimate
Prepayment Analysis Closing Cost Comparison
Loan Amortization Interest Rate Comparison
Deluxe Loan Amortization Return on Equity Analysis
Home Purchase Analysis Rental Property Analysis
Upgrade Purchase Analysis Insurance Cost Estimate
Rent vs. Buy Comparison Home Owner's Tax Analysis
Maximum Buying Power Estimate Home Purchase Analysis Professional



MORTGAGE AX+    Download Database Demo

.....Tools for the Mortgage Lender.
.....Tools for Real Estate Professional.
.....Tools for the Savvy Investor.
.....Tools for Anyone who needs detailed mortgage information.

REFINANCE ANALYSIS:
Take advantage of lower interest rates by refinancing a loan. Enter both existing and refinance interest rates, terms, loan amounts and payments then calculate the savings. Prints complete yearly chart showing existing payments and refinance savings. Also calculate payment amount, interest rate, term or loan amount for you automatically.

PREPAYMENT ANALYSIS:
Compares a loan against four prepayment options on a yearly basis. This analysis reveals how even a small added prepayment will dramatically change the payment schedule. Total interest is greatly reduced while total payments are greatly shortened.

LOAN AMORTIZATION:
Print monthly or yearly amortization schedules for any loan. Terms up to 40 years. Principal, interest, payment and remaining balance printed for the life of the loan with summary totals.

DELUXE LOAN AMORTIZATION:
Print monthly or yearly amortization schedules for any loan. Handles fixed rate, interest only, adjustable rate and interest only loan type. Change payment and interest as needed using special adjustable loan input. Automatically calculates APR for all loan types. Principal, interest, payment and remaining balance printed for the life of the loan with summary totals.

HOME PURCHASE ANALYSIS:
Quick analysis of up to four different fixed or adjustable loans. Enter loan amount, housing ratios and current interest rates. Home Purchase Analysis automatically calculates down payment, PI payment, real estate taxes, homeowner's insurance and PMI insurance providing accurate payment information for several loan types.

UPGRADE PURCHASE ANALYSIS:
Provides a side by side comparison of whether buying a new home now or few months later will affect payments for years to come. Estimates how the equity in your current home will change in less than a year and how the selling price and payments of the upgrade home could change as well. Enter your assumptions and Upgrade Purchase Analysis will print current and future purchase price, down payment, loan amount, and total housing payments.

RENT VS. BUY COMPARISON:
Provide a true comparison between renting versus buying a house. Built in tax rate analysis accurately compares both before and after tax earnings required for either renting or buying. Report shows tax savings and growing equity on a yearly basis.

MAXIMUM BUYING POWER ESTIMATE:
Quickly prequalify a loan applicant based on income, debts, available cash, current interest rates, and your lenders' Housing, Debt & LTV ratios. Easily change information for changing conditions and print complete loan and closing cost estimate. Payment breakdown includes PI payment, Real Estate Taxes, Homeowner's Insurance and PMI Insurance.

CLOSING COST ESTIMATE:
Calculate a real estate closing costs estimate based on current information. Enter loan amount, points, expected escrow period, prior mortgage amount, rental amount. Closing Cost Estimate automatically calculates points amount and adjustment amounts to real estate taxes, hazard insurance, county taxes, city taxes, mortgage payments, rent, and more. Also includes a large selection of input fees such as mortgage, escrow, title insurance categories plus your own customized fees.

CLOSING COST COMPARISON:
Analysis of up to four different real estate closing costs estimates. Can compare either four different loans or the same loan with different criteria. Enter loan amount, points, expected escrow period, prior mortgage amount, rental amount. Closing Cost Estimate automatically calculates points amount and adjustment amounts to real estate taxes, hazard insurance, county taxes, city taxes, mortgage payments, rent, and more. Also includes a large selection of input fees such as mortgage, escrow, title insurance categories plus your own customized fees.

INTEREST RATE COMPARISON:
Prints two comparisons from a starting loan amount, term, interest rate and payment amount:

Payment Comparison prints a chart of loan payment amounts calculated from your initial loan data. You can change either the starting amounts as well as control the change in interest rates or loan amount.

APR Comparison prints a chart of APR interest rates calculated from your initial loan data. Displays how points added to your loan will increase the APR rate of your loan. Also shows how negative points will decrease the APR rate and how much cash back is received.

RETURN ON EQUITY ANALYSIS:
Determine what is the Return on Equity for a Property. Print yearly amortization schedules for the life of a loan including the cumulative effects of property appreciation. Report prints principal, interest, total payment, remaining balance, current equity and return on equity with summary totals.

RENTAL PROPERTY ANALYSIS:
Thinking of renting your real property or buying some as a rental unit? Calculate the income, expenses, tax savings, property appreciation, and bottom line figures behind this decision over the life of property loan. Rental Property Analysis is a worksheet analysis tool to let one determine whether or not being a landlord really pays or is worth the risk.

INSURANCE COST ESTIMATE:
Property Insurance needs change with time. Property value change too. Estimate the changing requirements of how much insurance is really needed as well as how much it costs. Calculate the cost of Hazard, PMI, Homeowner's, Disability Mortgage, Earthquake, Flood, or other types of Insurance. Determine how much you need over the life of the loan. Base your insurance cost on either real estate value, depreciated value, real estate house value, current appreciated equity value or remaining loan balance.

HOMEOWNER'S TAX ANALYSIS:
Print yearly amortization schedules for the life of a loan. Includes the cumulative effects of tax savings of points, interest, and real estate taxes. Report prints principal, interest, payment, and tax savings with summary totals.

HOME PURCHASE ANALYSIS PROFESSIONAL:
Automatic analysis of up to four different fixed or adjustable loans. Pulls loan information, owner's name, property address, real estate agent and company from the multiple listing database service. Enter current interest rates and you're ready to print. Home Purchase Analysis automatically calculates down payment, PI payment, real estate taxes, homeowner's insurance and PMI insurance providing accurate payment information for several loan types. Prints customized letters and mailing labels addressed to the home owner and real estate agent. Different letters are printed depending on listing status (current, sold/pending, or expired).


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Last update: December 14, 1999

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