Click links in each index to see screen demos.

CheckMy Banking 2000
CheckMy Loans 2000
CheckMy Mortgage DL 2000

Account Management Screen
SUMMARY: Create new accounts, select accounts, display current balances report. Use the account information screen to switch between accounts. Quick checking screen for all current account balances, cleared, net balances and current credit (overdraft) limits.

The Transaction Register
SUMMARY: Create computer copies of statement transactions.
Enter/edit/delete account transactions through this screen. Enter account charges for each entry.

Bank Charges Database
SUMMARY: Create database of bank charges for each account and for each transaction item.
Use this screen to create bank charges database from standard charges supplied by your bank. Edit charges; create New types of account categories. 30 types of charging categories available on start up as shown on this screen.

Bank charges report
SUMMARY: Calculates bank charges from transaction entries each statement period. Computer summarizes total and average charges. Use average charges as a control to ensure bank account costs are kept to budget.

Bank charges variance report - calculates overcharges
SUMMARY: Reports each overcharged item as they arise for each statement period. Sums total overcharge amounts.

Interest Rate(s) Settings
SUMMARY: Enter interest rates screen.
Set up positive and negative (overdraft) interest rates for an account.
Options are APR, nominal interest rates, and simple, tiered and whole balance basis.

Daily balances report
SUMMARY: Check daily cleared, floating and net balances, interest calculations, edit cleared balances, change interest decimal display.
Apply floating and net balances as controls to ensure your account does not stray outside permitted credit limits.
The Easy Learning Guide to Banking 2000 explains how to use and apply balances displayed in this screen.

Statement report
SUMMARY: Calculates average, maximum and minimum balances, sum of all deposits and withdrawals, interest calculations and account charges for each statement period. Use this report to generate your own interest and account charge figures.

Daily interest report (CD version only)
SUMMARY: Check daily interest amounts.
Click any daily rate cell to convert - E format expression to simple decimal interest rate format. Cumulative daily interest values are added for each statement period.

Deposit clearing register (CD version only)
SUMMARY: Check deposit clearing delays and dates when funds are (should be) available.
Use the clearing costs calculator to determine costs of clearing delays. Dollar days are sum of amounts deposited each statement period multiplied by number of actual days delay in clearing. Apply as a control to lessen delays and interest costs.

Quicken® import screen
SUMMARY: Expand Quicken accounts (QIF file format)
Select Qimport from the toolbar, Quicken account data is streamed into Banking 2000. Set up bank charges database, interest rates and credit/overdraft limits plus statement start and end dates and create statement analysis report and bank charges report for your Quicken account.

Loan account set up screen
SUMMARY: Create, edit new loan terms to be able to compare costs and difference between alternative loan packages in later screens and reports. Select an account by clicking the row and move to the toolbar. Click a graphics icon on the toolbar to open a report or loan calculator. Loan terms are automatically sent to the Loan register (next screen) for calculations of amortization and creation of loan report. Loan set up allows optional APR or I/360, I/365 or I/366, I/12 (monthly) interest rates, final balloon payments, differing loan draw and repayment start date plus lender name and address details.

Loan Register – Repayment Records, Interest & New Balance Calculations
SUMMARY: The Loan register calculates interest and loan repaid every month for which you enter a repayment transaction through the Enter or Edit buttons. The register starts with rows 0 & 1 calculated and then you create each new amortization row one at a time by entering monthly transactions. You can split monthly repayments and edit repayment rows to change the values and recalculate the repayment schedule, change the repayment amount and recalculate full term interest charges, change the interest rate at any period in the repayment period and recalculate, and you can enter costs and charges as additions to the loan. If you want to create a complete repayment schedule report quickly without entering multiple row transactions, use the Repeat (entries) button.

Loan report screen
SUMMARY: The Loan Report summarises up to date loan repayment transactions, interest costs, and remaining balances resulting from the most recently entered transaction. Recalculates the full repayment period every time you call Report after a transaction is entered or changed. In the demo screen, the loan interest has been reduced in month 8 but the monthly repayment stays the same. The repayment period is cut from 300–8 months (292) to 177 months in these circumstances. The net results of any combination of higher (or lower) repayment terms and higher or lower interest rates can be recalculated from any period with Loans 2000. You can calculate the entire savings with this repayment option by using the Recalc screen.

Full amortization tables
SUMMARY: Clicking the Tables graphic icon on the toolbar starts the amortization calculations of the loan you have selected in the loan account screen. Calculations move automatically to the end repayment period entered in loan account set up.

30 loan calculators
SUMMARY: Smart mini calculators answer any question about loan repayments. Find out how to reduce interest costs, check remaining loan payment periods, calculate the interest savings if you make an early repayment, what extra costs are involved if the loan period is extended or the repayment amount reduced.

How much can I borrow?
SUMMARY: Calculate how much you can borrow with a given monthly repayment amount assuming an interest rate.

I want to reduce my interest costs
SUMMARY: Calculate how much you need to increase monthly repayments to achieve a given savings target.

Consolidation of loans
SUMMARY: You can select two or more loans entered into the Loan account set up screen (first screen), input a new interest rate and repayment terms and instantly calculate the reduction in you monthly repayments.

Find loan term
SUMMARY: Enter the outstanding loan balance, interest rate and monthly repayment amount and this calculator checks how much longer you have to repay the loan.

Starting menu
Click any button to start each separate part of Mortgage 2000. MyMortgage maintains current mortgage payment records and automatically updates loan balance after each monthly payment. Repayment Schedules provide a multi-purpose amortization report displaying calculations for any mortgage, Compare Mortgage calculates the full cost difference between alternative mortgage packages and provides a report analysing future property values, equity, cash flows and investment returns with alternative mortgages. Refinance Mortgage analyses different re-mortgage packages and compares new financing costs you will be incurring against your current mortgage situation if you refinance. Country settings change calculations between USA, Canada and other countries.

Country Settings
SUMMARY: Select the country of your residence for your mortgage calculations.

My Mortgage records
SUMMARY: Manage your own mortgage accounting calculations with this screen. Track monthly balances and interest due and paid. Repeat sets of constant repayment amounts and interest rates for any number of periods. Edit any row to create differing values. Make sure your lender is not making mistakes. 35% of all mortgages contain calculation errors.
Screen will open the owner's equity screen (next screen) which predicts future monthly changes in property values, calculates the declining loan balance and creates new borrowing values each new month. Change price escalator by trial and error to recalculate new values.

Owners equity and borrowing capacity
SUMMARY: Accessed from MyMortgage screen (previous screen). User enters their own forecast annual rate of change of their property values, and the percentage of future equity they wish to borrow against. Calculate new borrowing potential available on the property month by month.

Mortgage Amortization Schedule - Low Starter Rate Mortgage
SUMMARY: This is a multi-purpose mortgage amortization reporting system. Enter any combination of loan amount, starting interest rate, repayment period, regular interest rate, full loan term and shortened mortgage term (1, 3, 5, 10, X years) and Mortgage 2000 will compute the total mortgage repayments, total interest costs and repayment amounts. Zoom button opens the full screen amortization window. The Annual button on the toolbar creates year by year summary reports. Clear table empties screen for new data to enter. Monthly, weekly, 2-weekly and 4-weekly repayment options can be compared for lowest overall costs. Check differing mortgage packages by evaluating total interest cost differences for lowest cost borrowing option.

Refinancing your mortgage analysis/screen 2
This is a 4-screen calculation and reporting section within Mortgage 2000. In the first data and information input screen the user creates property address information, date of purchase, current mortgage data, original loan amount, interest rate and estimated property value. The screen automatically calculates the cumulative compound rate of price change since the date of purchase.

Refinancing your mortgage analysis/screen 3
SUMMARY: Reports your new mortgage loan requirements, new monthly repayments and total financing costs based on mortgage data provided in the previous input screen. The report provides calculations of total new loan requirements for each refinance option and cash raising, new monthly repayment amounts and total interest costs. Use this screen to check refinancing costs.

Compare full mortgage costs/screen 2
SUMMARY: This is a 4-screen calculation and reporting section within Mortgage 2000. In screen 1 the user enters the property address information, purchase price of property, the date of expected purchase, budgeted annual property costs and income such as maintenance, insurance's, property taxes, rental income and tax credits. Then move to screen 2 (this screen) and enter alternative mortgage data values into columns. Program automatically calculates the deposit amount for each mortgage loan in each column and calculates the repayment values in the bottom two rows of each column. Selector boxes along the top are used to apply calculations in the screen 4 report.
Moving to screen 3 (see the Which Mortgage - Which Rate screen), this report provides the results of calculating all the amortization schedules for all the alternative mortgages so that full interest costs, total repayments and final loan balances can be viewed for each alternative mortgage side by side. Provides great assistance towards working out which is the least cost mortgage package overall. Move to screen 4.

Compare mortgages/screen 4/rate of investment return and cash flows
SUMMARY: Provides a year by year summary of changes in property values (row 2), declining loan balances (row 3), equity balances (row 4), total cumulative mortgage interest paid so far (row 5), cumulative cash flow so far (row 6) derived from budgeted annual maintenance costs, insurance's, taxes, rental income inputs user entered in screen 1. The net balance values row by row (row 7) calculate the annual difference between Equity and cumulative interest and cumulative cash flow. Net gain (row 8) is the difference between the deposit value in row 1. Column 4 and net balance this year. Row 9 is the annualized rate of investment return. Provides great assistance towards working out by trial and error the rate of price change that is required to achieve positive annual net gains after costs and interest charges and the desired rate of return on the original deposit investment.

WHICH MORTGAGE - WHICH RATE?
SUMMARY: To find out which loan/mortgage option is the cheapest overall. When the user has completed entry of different starter interest rates, starter rate periods, all the repayment terms of a maximum six alternative mortgage/loan options in screen 2 (see screen index) of Compare Mortgages - click the Next> button at the bottom of this screen to open this screen 3 report. Data provides the results of calculating repayment schedules for all six loans and lists year by year analysis of loan repayments under differing loan arrangements (scroll down for complete year by year analysis). Check all calculated values of Full term mortgage costs for each mortgage to find out which loan is cheapest when expensed to full repayment. In the examples provided in this demo screen two similar looking mortgage options (from lender 3 and lender 6) have very different repayment expenses when fully repaid. This report provides a quick and easy route to discover which loan and mortgage option is cheapest overall.