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*                                                          *
*                    LOAN ANALYSIS Version 1.0             *
*                        by David Cooper                   *
*                                                          *
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This program is Freeware. You are invited to use it and distribute it
as you wish. If you would like the source code (written in TURBOC), 
leave me a eMail message at:

   PC-Ohio BBS (Cleveland, Oh) (216) 381-3320 2400,n81
   User : David Cooper


Loan Analysis produces two different reports (selected from parameter
menu item 1):

     1. LOAN TABLE
     2. PAYMENT SCHEDULE.  


LOAN TABLE
----------

This option produces a table of monthly payments over a range of interest 
rates.  The monthly payment is the sum of the Principal and Interest payment,
Monthly Tax Payment, and Monthly Insurance payment.  If the Monthly Taxes and
Insurance are set to zero, then the Monthly Payment is equal to the Principal
and Interest payment.


PAYMENT SCHEDULE
----------------

This option produces a table of payments, principal paid, and interest charged
for a specified interest rate.  The interest rate will change as specified
by the Variable Rate parameters.

A NOTE ABOUT THE PARAMETES
--------------------------

Notice that 4 of the items on the parameter menu have a plus sign (+) to
the left of the item description.  The program will calculate the value 
which is set to zero when the other items have a value.  Example: you want
calculate the monthly Principal and Interest payment for a loan, enter
the Interest Rate, Purchase Price (if Downpayment is not zero, it will be
subtracted from the Purchase Price to get the start principal), and the life
of the loan (in months).  This is true for both the LOAN TABLE and the
PAYMENT SCHEDULE reports.

You might find it interesting to enter all values including the monthly
principal and interest payment; however, enter the monthly payment at a
higher value then required and then generate a PAYMENT SCHEDULE report.
This allows you to experiment with how various overpayments will effect
your fixed or variable rate loan.


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Enjoy the program...I know its not vary complicated, but I found it 
quite useful when I was getting ready to sell my current residence and
buy a new residence.

.....David Cooper, Mayfield Heights, Ohio