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You are here: Home / Products / Mortgage Discounting

Mortgage Discounting

Generally Accepted Accounting Principles (GAAP) require discounting of zero-interest mortgages used by Habitat for Humanity affiliates. This will more fairly reflect the value of the mortgages on your affiliate’s financial statements because of the time value of money. Charging no interest is both an economic benefit to the homeowner and a cost to the affiliate. This cost should be calculated annually for your affiliate and entered into your accounting records.

Each new mortgage requires a one-time entry into the Mortgage Discounting utility of four pieces of data in the year of origination: 1) the date the mortgage closed, 2) total value of the mortgage, 3) term of the mortgage in months, and 4) the monthly principal payment. No other entry is required unless the mortgage is retired early.

With multiple mortgages, different rates, and different maturity, the mortgage discounting calculations can get rather complicated. The Mortgage Discounting program offered by MTD calculates this discount annually for you. The end results of the calculations are the accounting entries you need for your records.

This MTD Mortgage Discounting program is provided at no charge to Habitat affiliates by MoreThanData. Version 1.3 of this program (released 2011) is now available. There are four files that are required to generate the Mortgage Discounting information you need. These are listed below.


Download Options

Mortgage Discounting – V1.3 (Released 2011)

Download as one zipped file.

Or download the files individually:

  • Read Me First (PDF)
  • Mortgage Discounting Notes (PDF)
  • Mortgage Discounting Workbook (Microsoft Excel) – (Last Revised – 2011)
  • Mortgage Discounting Worksheet for Historical Data (Microsoft Excel)

For more information about the Mortgage Discounting utility, contact MTD Support by phone toll-free at 1-800-455-5617, or via e-mail at support@morethandata.org.

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Why MoreThanData?

  • All Your Affiliate’s Data Under One Roof
  • All the Tools and Support for a Fraction of the Cost
  • See What Keystone Does That Others Don’t
  • Software By Affiliates, For Affiliates
  • Sustainable Affiliate Growth Begins With Keystone
  • One Toolbox for Your Affiliate's Critical Data

About MoreThanData

MoreThanData's mission is to expand homeownership opportunities for low-income families by providing Habitat for Humanity affiliates with comprehensive, custom, information management tools and services that help them more effectively and efficiently fulfill their mission.

We seek, with God's help and guidance, to increase the number of houses affiliates can build each year by developing and providing the information tools and support that affiliates need to expand the reach of their work. We do this by using the time and talents of volunteers and others committed to this mission so we can offer these tools and support services at the lowest possible cost.

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