Mortgage Modeler For Mac

Mortgage Modeler is designed to help users understand the effect of additional payments or rate changes can have on the balance of a mortgage loan.

The Mortgage Modeler calculator creates a graph depicting the progress of your loan with or without extra payments, and you get to compare different scenarios.

Within the Mortgage Modeler main window you get to provide details about the mortgage: the home sale price and the down payment.

The app determines the loan amount, and you must specify the loan term, the annual interest rate, if it has a fixed or an ARM rate, the payment frequency, and the first payment date.

Mortgage Modeler also takes into consideration non-mortgage expenses, such as property taxes, insurance, and other additional expenses.

At the same time, you can also schedule extra payments, and Mortgage Modeler will recalculate the loans balance automatically.

Mortgage Modeler will create a payment schedule that will show you the balance after each payment, and automatically calculates the total amount paid and the total interest paid. It can also show you how much time you cut off the loan by making extra payments.

The Mortgage Modeler Comparison panel helps you create different payment scenarios and see the impact that particular decisions have on the loan outcome. As a result, you can use the calculator to determine the best course of action when it comes to your mortgage payments.

To sum up, Mortgage Modeler offers you the possibility to see how a mortgage loan can be affected by different parameters.

To help you get around, Mortgage Modeler comes with a Glossary area where you get to learn more about the basic concepts used by the app, such as rate type, compound period, HO insurance, and so on.