Based on Wheatworks' experience developing financial calculators for corporate clients, APR Spread Calculator uses the Actuarial Method of calculating Annual Percentage Rates for mortgage loans as explained in Appendix J of 12 CFR Ch. II, Pt. 226, the portion of the United States Code of Federal Regulations known as "Regulation Z". In addition to the basic APR calculation, APR Spread Calculator also provides a spreadsheet-like grid of APRs by loan amounts and fixed fee amounts. The loan amount and fixed fee amount axes are "spread" incrementally based upon user-modifiable ranges.
Our Review: Quite a cluttered interface but relatively easy to use. Obviously a highly specialised package based around "Regulation Z" and of no use to anyone not dealing with its financial intricacies. Functional enough with some good printing automation options and previews.
This software's licence is Shareware - 30 Days Trial, which means that this program allows a free trial period of 30 days from the installation date. This is not free software. Subject to the author's terms, you are licensed by the author to use this software for evaluation purposes without charge for a period of 30 days. If you use this software after the 30-day evaluation period a registration fee is required.