Mortgage Miser

Description

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