QuikCalc includes all of the features you will need to track the most complex loans to the penny.
Loan Manager
This powerful feature allows you to track, to the penny, all of your loans. It allows you to vary the terms and interest rates by date range as well as track payments and escrow accounts. Enter the payment amounts and dates to see the exact impact on interest. You can also split payments to include taxes, insurance, late fees and penalties.
Amortization Schedules Plus!
With this tool you can see the affect of any number of extra payments at any time and individually override any payment amount. You can also add lump sum payments starting in any year at almost any interval and immediately see the effect of different payment frequencies and interest rates on your overall interest costs and loan retirement time.
Amortization Schedules
Quickly and easily create accurate amortization schedules that show you the principal and interest breakdown along with running totals of interest paid plus remaining balance.
Solve for Missing Number Calculator
The Solve for Missing Number calculator allows you to enter your known values and solve for the missing payment amount, loan amount, interest rate or amortization period.
Payment Grids
Quickly create not just loan payment tables but five different grid configurations allow you to quickly see at a glance the impact of loan amounts, interest rates and payment amounts.
Financial Calculators
We've included dozens of powerful financial calculators to help you solve most common financial calculations.
Detailed Reports
Detailed reports are available that will allow you to see on paper varying levels of detail on the loans, schedules or grids stored in the system. QuikCalc is a powerful, user friendly tool that allows you to create flexible amortization schedules that go far beyond the static tables available from most other programs. As well, track the most complex of loans to the penny with the Loan Manager!
Need non-standard schedules? The Amortization Schedules Plus! feature included in the QuikCalc Plus!, Premium and Office Editions allows you to add any number of extra payments to a schedule, skip payments plus add weekly, monthly or yearly lump sums starting in any year. No longer are you restricted to static tables that generate a schedule that offers no flexibility.
Want to save money? With QuikCalc you can see immediately the impact that extra payments or an increased regular payment can have to the bottom line including infrequent or regularly scheduled lump sums.
Like to play "what if" with your mortgage or loan? Amortization Schedules Plus! is the ultimate tool for this. You can change any parameter affecting your loan including payment amounts and frequencies, interest rates and compounding methods as well as payment types including interest only loans.
Need to generate schedules for interest only or graduated loans? No problem, QuikCalc has eight different payment types including normal, interest only (static and adjusting), increasing (by fixed amount or percentage) and no payment.
Track loans to the penny. You can track missed, late, early, extra and lump sum payments with the Loan Manager. This way you will always know exactly what is owed.
Have you lent money and they sometimes pay late? If a customer is late in paying, QuikCalc allows you to track the extra interest due and assess late fees and penalties. For U.S. Rule (Simple Interest) loans, QuikCalc will also track the interest escrow for you.
Detailed and summary reports are at your fingertips. Generate reports on demand that include annual summaries based upon any corporate year end. If there is a dispute, you have the numbers to back up what you say is owed. You choose the level of detail and the dates between which the report will be generated.
Track the most complex of loans. QuikCalc not only can track standard loans, it can also track the most complex of loans including ARM (Adjustable Rate Mortgages) and loans where the terms change including rates and payment types. An example could be a loan that begins as an Interest Only loan then switches after five years to a regular payment loan.
Do you need multiple Day Count Conventions? Most amortization programs only generate schedules for 30/360. We include 14 different Day Count Conventions including Actual/Actual that cover almost every type of loan in existence.
Have you borrowed or lent money? If you have, and you've had problems agreeing on what is owed, payments are occasionally late or early, or extra payments are sometimes made, you can know exactly what is owed so that you are informed and in control. Generate your own reports to compare with as much detail as you need.
Do your payments include more than just principal and interest? If so, QuikCalc can track this for you too including tax and insurance escrow accounts. You can even add your own things to track and specify how frequently they occur and what the amounts are (even as a percentage of many different variables).
Want to create what if scenarios? See the effect of:
- Adding any number of extra payments
- Putting an annual, monthly or weekly lump-sum on the loan starting in any year
- Skipping/missing payments
- Late or early payments
- Late penalties and fees
- Insurance, Tax and Interest Escrow
- Different payment types including interest only
- Various Day Count Conventions including 30/360 and Actual/Actual
- Different compounding methods including U.S. Rule (Simple Interest) and Canadian mortgages
- Changing any payment amount
- Switching to accelerated payments
- Renegotiating interest rates
- And much more!
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