Amortization software for prepaying loans

Home Loan Diary

Many home owners are not fully aware how much money can be actually saved in interest expense by shortening the life of a mortgage. Home Loan Diary was written to show the homeowner the HUGE savings that can be realized by making additional principal payments to a loan. There are no gimmicks here, just simple math!

For an example, let us take the case of a $125,000 loan at 10% interest with a life of 30 years. The monthly payment would be $1,096.96. The total repayment is $394,915.99. After subtracting the $125,000 principal amount that the borrower received, there is a total interest charge of $269,915.99. This is over a quarter of a million dollars just in interest, that the homeowner pays to the mortgage company! Over two times the amount of the original loan!

Most homeowners would love to burn their mortgage papers. Many dream of one day fully owning their home, of obtaining the peace of mind that comes with no longer having a house debt over their heads.

This dream can become reality sooner than most homeowners think. Many people are not familiar that even small additional payments can decrease the total amount of interest they will pay. Home Loan Diary will help make your dream come truer sooner!

Want to earn 1729% on your money by investing in your home mortgage? Want to see what an extra $25 principal per month will do to the duration of your mortgage?

(Actual screen example)

Home Loan Diary is one of the easiest to use mortgage amortization calculators around! Scroll back and forth through an amortization table just like a Lotus 1-2-3 spreadsheet. Great for playing "what-if". Powerful, yet very practical, for it shows you how much $$$ you can save by prepaying a loan. It even tracks escrow accounts and allows user notes/comments to be attached to each loan.

Written specifically for home owners.

What others are saying about Home Loan Diary:

"Let me also say that I feel that your software is fabulous" (K.M.F., Mystic Island, NJ).

"Your program is a winner, and has great professional application potential...every young adult in America approaching home buying status, along with those holding long term debts already, need a debt-cutting-analyzing tool like yours. Your program is a leading-edge problem solver to show what-if savings, and not a stuffy banker's program to figure how much interest to grab from a customer." (M.C., Hazel Park, MI)

"I like your program - very versatile and makes "what if" so easy - very logical!" (Mel G., Tehachapi, California)

Hardware and software requirements:

Please be aware that Home Loan Diary is a MS-DOS, text based program (which was popular in the 1980's and early 1990's). Although this software program will run fine on Windows 95/98, Windows ME, Windows NT/2000, Home Loan Diary does not use a mouse, and requires that all input to be entered from the keyboard. If you are using a Windows based PC, then we suggest that you investigate our Early Mortgage Payoff software instead. Early Mortgage Payoff does exactly the same thing as Home Loan Diary, but Early Mortgage Payoff has the benefit of being a genuine Windows program.

Download an evaluation copy of this program:

To download an evaluation copy of the Home Loan Diary software program that you can use on your own PC computer, click on the animated diskette image below:

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