|Lending tool shows time/value in lending scenario|
LoanSpread helps professionals determine the time value of money or a particular lending scenario. Upgrades lets users create and print amortization schedules with prepayments.
LoanSpread(tm) Calculator Compares 135 loans at once with amortization schedules
Ruston, LA —September 18, 2008 —Wheatworks Software announces LoanSpread 4.7, a major update of its award-winning loan comparison calculator for Windows-based computers. This financial calculator allows the user to compare 135 loans at once, review detailed summaries of selected loans and print amortization schedules with or without prepayments.
LoanSpread is a powerful financial tool for consumers and professionals in banking, lending, financial planning and real estate industries. LoanSpread helps professionals see the big picture quickly when considering the time value of money or a particular lending scenario. The financial calculation results are displayed on a grid of answers making relationships among principal, interest rate, term and payment immediately obvious.
Consumers can use the power of LoanSpread to analyze and compare possible loans more quickly than ever before. Because LoanSpread compares 135 loans at once, borrowers save time. Users can print out the calculation results for all the loans on a simple, easily understood, one-page report containing the financial answer grid.
LoanSpread helps users compare mortgage loans, too. After entering the estimated annual property taxes and insurance, users can choose to include them in the calculation results so that payments, for example, reflect the true monthly loan cost of principal, interest, taxes and insurance.
LoanSpread Loan Comparison Calculator solves for any of the primary loan variables a user wishes. By clicking a button, a user determines which calculated variable is displayed in the answer grid. The financial answer grid updates instantly with the results for 135 different loans.
What’s new in LoanSpread 4.7?
New to version 4.7 is the ability to create and print amortization schedules with prepayments. A user can right-click any loan in the financial answer grid and create an annual or monthly amortization schedule for it. Once the amortization schedule is created, the user can easily add prepayments to a single payment, a range of payments or to all payments.
Available now, LoanSpread 4.7 costs $39.95(US). Significant discounts on multi-user licenses are offered.
A free, fully-functional, 10-use trial is available for download from: http://www.loanspread.com
About Wheatworks Software
For more than a decade, Wheatworks Software has created award-winning financial calculators for consumers, professionals and companies in the real estate, investment, mortgage and financial services industries. Founded in 1997 by Rick Wheat, Wheatworks Software has released several financial software products including, Home Buyer's Calculator Suite, Real Estate Calculator Suite, Discounted Cash Flow Analysis Calculator, Home Seller's Calculator, SaveSpread(tm) and LoanSpread(tm). For more information, please visit http://www.wheatworks.com.
Wheatworks Software, LLC
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