Mortgage Miser

Description
Mortgage Miser provides a graphic and narrative side-by-side comparison of consumer loans including home mortgages or auto loans. Mortgage Miser compares ARM, fixed rate or interest-only loans. ARM loans can adjust with (4) time parameters. Four (4) historical indexes can be used to calculate the interest change including the Prime, LIBOR, 11 Dist COR, and 1 year CMT. Down payments and points can be included to determine the final cost of the loan.
Once a user inputs the loan amount, term, and interest rate, Mortgage Miser provides the (EMI ) and detailed monthly payment schedule for the term of the loan. Users can enter up to six (6) loans for side-by-side comparison. The schedule will show monthly payments, accumulated interest, and a breakdown of the decreasing principal amount.
Mortgage Miser generates a detailed payment schedule and users can view a colorized graph that displays the accumulated interest or balance for each of the loans. A narrative assessment is also provided to help consumers choose the most cost effective loan given the different loan parameters.

There are four variation to the program.
•Free: Free with ads and allows you to compare two mortgages simultaneously.
•Basic: No ads and allows you to compare two mortgages simultaneously and share.
•Professional: Compare as many as 6 loans simultaneously for $8.99 with no ads and share.
•Advanced: Compare as many as 6 loans simultaneously for $8.99 with no ads, share and save to excel.
•Renew: One more year at Advanced
Features
•Compares mortgages Graphically or Narratively
•ARM mortgage calculator
•Prepayment
•Extra-Fees
•Four Adjust time choices
6 months
12 months
36 months
60 months

•Four historical indexes plus a maximum and minimum interest
Prime
LIBOR
11 Dist COR
1 Year CMT
•Five Inflation skew
Low
Medium
High
Minimum
Maximum

•Margin
•Maximum individual Change
•Maximum Life Change
•Round ARM adjustment to the nearest one eighth of a percent
•Include a down payment or points
•Fixed rate mortgage calculator

KEY Words
•Mortgage
•Loan
•House
•Adjustable Rate Mortgage
•Real-estate
•Relator
•Lending

Versions:
•Free Advertisement compare only two loan
•Basic: No Advertisement compare only two loan for $1.99
•Professional: No Advertisement and compare six loans for $8.99
•Advanced: No Advertisement and compare six mortgages and save to excel for $19.99
Using Infragistics Controls for the grid, graph and numeric controls