Ruston, LA (PressExposure) May 08, 2007 -- Wheatworks Software announces the release of LoanSpread 4.6, a Windows-based financial calculator for consumers and business professionals. One of Wheatworks' most popular calculators, LoanSpread makes it easy for users to simultaneously compare 135 different loans. LoanSpread displays the results of these loan comparisons on an answer grid that is easily configured with flexible ranges.
With LoanSpread's Loan Summary feature users can drill down into the details of any of the 135 loans being compared by simply double-clicking on the loan in the answer grid. The Loan Summary window then appears with the following details about the selected loan: the amount borrowed, payment frequency, term, annual interest rate, payment (PI), payment (PITI), total principal paid, total interest paid, total principal and interest paid, total taxes paid, total insurance paid, total taxes and insurance, and total paid over the term (PITI)
Designed for consumers and professionals in the financial services industry, LoanSpread is a powerful loan calculator that shows the time value of money in a comprehensive manner. Users choose whether LoanSpread fills the answer grid with loan amounts, interest rates, terms, or payment amounts.
Users appreciate the clear way LoanSpread defines the financial "ball park" by quickly identifying the range of payment amounts available for different loans. LoanSpread makes it easy to compare loans and find the loan scenario that best fits one's budget.
Professionals are attracted to LoanSpread because of the ease with which multiple loan scenarios may be compared over user-defined ranges of payment amount, terms, frequency and interest rates.
LoanSpread includes integrated help, a decimal/fraction interest rate conversion chart, provides automatic hints, and includes easy, free, online updates.
LoanSpread may be purchased for $29.95 online at http://www.LoanSpread.com. Site licenses and volume discounts are also available for company purchases. This release of LoanSpread is a free upgrade for previously registered users.
Learn more and download a fully-functional evaluation version of LoanSpread from http://www.loanspread.com or contact Wheatworks Software, Post Office Box 7, Ruston, LA 71273.
For additional information about this and other innovative financial software by Wheatworks Software, LLC, visit online Press Center at http://www.wheatworks.com/press.htm
About Wheatworks Software, LLC
Since 1997, Wheatworks Software has created financial calculators for consumers, professionals and corporate clients in the banking, real estate, mortgage and financial services industries.
CONTACT INFORMATION: Rick Wheat Managing Partner Wheatworks Software, LLC http://www.wheatworks.com
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LoanSpread is available for magazine cover disks.