ZMath® Engine Capabilities
The ZMath® Engine is used by lending/financial institutions and software development companies for solving a huge array of loan and insurance calculations. It is invisible and operates with any software application to deliver unmatched accuracy and performance.
Loan and Insurance Calculations & ZMath® Engine Capabilities:
Truth in Lending compliance calculations- 1/6 Aggregate Escrow Disclosures
- Good Faith Estimates
- Regular level amortization
- Balloon payments
- Loan and insurance calculations
- 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 & Loans and Insurance Calculations
Mortgage Payment Calculator - Loan and Insurance Calculation Formulas
- APR Calculations
- Regulation Z Calculations
- Truth in Lending Formulas
- Auto loan payments
- All accrual bases
- Odd interest adjustment
- Commercial Mortgage Calculator
- Financial APR Formula
- Java Mortgage Calculator
- .NET Mortgage Calculator
- Interest only Mortgage Payment Calculator
ZMath® Engine & Output: Amortization Schedules & Disclosures
- Amortization schedules - Every loan type that can have a schedule, does.
- Loan and insurance calculations
- Disclosures
- Federal Reserve boxes information
- Input for forms generation
- Capture engine output in XML format
ZMath® Engine & Real Estate Loan and Insurance Calculations & Payments
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Real Estate Payment Calculator - Real Estate loan and insurance calculations
- 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
ZMath® Engine & Construction Loan and Insurance Calculations & Payments
- Construction loan and insurance calculations
- Choose between construction only and Construction/Permanent.
- Choose to have separate or combined disclosures
ZMath® Engine & Mortgage Insurance Payments & Calculations
PMI, VA, USDA 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 - Mortage Loan and insurance calculations
ZMath® Engine & Business Loans and Insurance Calculations
- 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.
- Business loan and insurance calculations
ZMath® Engine & Multiple Payment Stream Loan and Insurance Calculations
- 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.
- Multiple payment stream loans and insurance calculations
ZMath® Engine & Consumer Loans and Insurance Calculations
- Credit life insurance
- Accident & health insurance
- Consumer loan and insurance calculations
ZMath® Engine & Debt Cancellation, MOB Insurances
- Special consumer installment loan functions
ZMath® Engine –a proven component that accurately solves a wide breadth of loan and insurance calculations – is available to demo now!
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