Amortization Scenario/Schedule

Use the Amortization Scenario/Schedule calculator to produce an amortization table. You can use the calculator pre-populated with details from an open application, or you can use the calculator with empty fields for you to input details. If using the latter method, up to 10 scenarios you create are saved so that you can review at a later time. This allows you to create “what if" options with your client for paying the mortgage down.

 

Amortization Scenario Schedule - with Details

 

Amortization Scenario Schedule - without Details

 

Amortization Scenario/Schedule - with Details

You can use the Amortization Scenario/Schedule calculator with an open application, which pre-populates the details for you. Complete the following steps:

 

  1. With the application open, click Services from the Left Navigation pane. The Services screen appears.



     

  2. From the Amortization Scenario/Schedule dropdown in the Calculators section, select the mortgage of the application to use with the calculator and click the Calculate button. The Amortization Schedule screen appears with details automatically populated from the application.


     

  3. Click the Calculate button to display the results in the Summary section.




     

  4. You also have the ability to apply an amortization scenario for comparison to the original amortization. To do so, select an amortization option from the Amortization Scenario dropdown:

    Double-Up Twice Yearly
    Double-Up Every Other Payment
    Extra Payment on Anniversary
    Extra Payment Every Payment
    Increase Payment Amount Annually

  5. You can enter a value for the extra payment amount to be applied to all scheduled payments when selecting the Extra Payment Every Payment scenario. This option prevents you from having to enter each extra payment amount manually.
     

  6. For the options of Double-Up Twice Yearly and Double-Up Every Other Payment, click the Calculate button to display the Scenario schedule beside the Original schedule.
     


 

  1. For the options of Extra Payment on Anniversary, Extra Payment Every Payment, and Increase Payment Amount Annually, click the Calculate display the Scenario schedule beside the Original schedule. Then enter the extra payments in the appropriate fields in the schedule, and click the Calculate button again to display the results.


     

  1. To produce a PDF document of the information for saving or printing, click the Print button.

 

 

Amortization Scenario/Schedule - without Details

You can open the Amortization Scenario/Schedule calculator with empty fields for you to input details. With this method, up to 10 scenarios you create are saved so that you can review at a later time. This allows you to create “what if" options with your client for paying the mortgage down.

 

  1. Click Tools in the top menu. The Financial Tools screen appears.
     

  2. Click Amortization Scenario/Schedule and the calculator opens for you to enter details.



     

  3. After entering details, click the Calculate button to display the results in the Summary section.




     

  4. You also have the ability to apply an amortization scenario for comparison to the original amortization. To do so, select an amortization option from the Amortization Scenario dropdown:

    Double-Up Twice Yearly
    Double-Up Every Other Payment
    Extra Payment on Anniversary
    Extra Payment Every Payment
    Increase Payment Amount Annually

  5. You can enter a value for the extra payment amount to be applied to all scheduled payments when selecting the Extra Payment Every Payment scenario. This option prevents you from having to enter each extra payment amount manually.
     

  6. For the options of Double-Up Twice Yearly and Double-Up Every Other Payment, click the Calculate button to display the Scenario schedule beside the Original schedule.
     



     

  7. For the options of Extra Payment on Anniversary, Extra Payment Every Payment, and Increase Payment Amount Annually, click the Calculate display the Scenario schedule beside the Original schedule. Then enter the extra payments in the appropriate fields in the schedule, and click the Calculate button again to display the results.


     

  8. To produce a PDF document of the information for saving or printing, click the Print button.