Free Mortgage Software

Mortgage Setup

Run the application by double clicking on the icon/shortcut created on your desktop. You will see the main window of the application open with one frame for Mortgage Setup and the other for Extra Payments.

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Mortgage Setup

1) Amount you plan to Mortgage :

Enter the amount that you wish to mortgage (This does not include any down payments that you will make)

2) Mortgage Term :

Select from the list the mortgage term. This value will be in years. Typical mortgage terms are 10,15,20 years and so on...

3) Interest Rate (APR) :

Enter the Interest Rate that the lender will charge you. If you are not sure about this number please talk to the lender. Typical values are between 6% and 15%.

4) Start Payoff On:

Enter or Select the date from which you plan to start the mortgage payments. This will be required to create the amortization (payoff) table.

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