ZMath® Engine Supports All Loan Types

The ZMath® Engine handles all loan types and variants of credit and mortgage insurance. The Engine supplies clients with everything necessary to complete Truth in Lending, Good Faith Estimates and 1/6 Aggregate Escrow Disclosures. But, that's just the beginning …

Loan Calculations Made Easy with ZMath® !

• Truth in Lending compliance calculations
• Regular level amortization
• Balloon payments
• Interest only loans
• Random rate loans
• Single or multiple payment streams
• Highly irregular payment streams
• Skipped payments
• Accelerated weekly/bi-weekly
• Buy-downs
• Single Payment Loans
• Simple, add-on or discount interest.
• Constant payment to principal loan (Plus interest)  
• Loans where principal and interest are amortized separately
• Auto, commercial, real estate and mortgage loans
• Payment Option ARMs

ZMath® Engine Performance Capabilities

• All date arithmetic
• Mortgage Payment Calculator
• Loan Calculation Formulas
• APR Calculations
• Regulation Z Calculations
• Truth in Lending Formulas
• Auto loan calculation
• Auto loan payments
• All of the "Fed" calendars including the Year 2000 transition
• Calendar control
• All bases
• Odd interest adjustment
• Bimonthly Mortgage Calculator
• Blended Calculator Mortgage Rate
• Commercial Mortgage Calculator
• Financial APR Formula
• Java Mortgage Calculator
• NET Mortgage Calculator
• Interest only Mortgage Payment Calculator

Output: Amortization Schedules & Disclosures

• Amortization schedules - Every loan type that can have a schedule, does.
• Disclosures
• Federal Reserve boxes information
• Input for forms generation
• Capture engine output in XML format

Real Estate Loan Calculations & Payments

• Real Estate Payment Calculator
• PMI calculations and payments
• Loan interest calculations
• ARMs Adjustable and renegotiable rate loans
• Growing Equity Loans (GEMs)
• GPARM
• Buy-downs: Permanent (one-time) or multiple
• Interest Only Period / Repayment (Level Payment and Adjustable Rate)
• Loan Payment Formulas
• Payment Option ARMs

Construction Loan Calculations & Payments

• Choose between construction only and Construction/Permanent.
• Choose to have separate or combined disclosures.

Mortgage Insurance Payments & Calculations see screen shot

• PMI, VA or FHA
• 1/6 Aggregate escrow calculations   Ordinarily this is a complicated job. With ZMath®, you make a few simple entries and everything is done for you, including the trial balances.

Business Loans

• Draw notes
• Up to 15 Draw-down streams and choice of  repayment methods using either a Regular • Installment loan or a Constant Payment to Principal loan. 

Multiple payment stream loans

• Up to 15 input streams are allowed
• You design your own plan, mixing and matching rate, payment frequencies, balloons, interest only, principal only for  up to 15 payment streams. This is one of the most powerful tools in the world available to power lenders.

Consumer Loans

• Credit life insurance
• Accident & health insurance
• Special consumer installment loan functions

Learn more