Starting Scenario Builder without Application

Running Scenario Builder without an open application allows up to 18 scenarios to be created during the user session to compare against each other.  This help topic covers the following topics:

Calculating the Scenarios

Saving the Scenarios

Running Comparisons of Scenarios

Calculating the Scenarios

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

2. Click Scenario Builder and the Scenario Builder page appears.
   
    
   
    

3. In the Enter Mortgage Amount field, enter the amount of the mortgage.
    

4. Select the calculation type: Payment or Amortization.
    

5. If Payment was selected in step 4, enter the following information: Interest Rate, Term, and Amortization.
   
   or
   
   If Amortization was selected in step 4, enter the following information: Interest Rate, Term, and Monthly Payment.
    

6. Click the Calculate button. The screen refreshes with the Scenario Analyzer section that displays the results of the following six mortgage scenarios: Monthly, Semi-Mothly, Bi-Weekly, Accelerated Bi-Weekly, Weekly, and Accelerated Weekly.  (The screen shot below is based on the Payment calculation type, as indicated in the explanation below the title).
   
   Note: The compounded period will be semi-annually.
   
   
    

Saving Scenarios

To save a scenario, select its Scenario to Save checkbox in the Scenario Analyzer section, and then click the Save Scenario button. The screen refreshes and the Saved Scenarios section displays the recently saved scenario(s). Expert allows up to 18 scenarios to be saved. Therefore if the limit has been reached, an error message will appear.

Deleting a Saved Scenario

To delete a saved scenario, select it in the Saved Scenarios section, and click the Delete Selected button.

Printing a Saved Scenario

To print a saved scenario, select it in the Saved Scenarios section, and click the Print Selected button.

Running Comparisons of Scenarios

You can compare up to three saved scenarios. Complete the following steps:

1. In the Saved Scenarios section, select the scenarios you want to compare. You can select a maximum of three.
    

2. Click the Run Comparison button. The screen refreshes with the Scenario Comparison section displaying the results.
   
   
   

The "Replace Scenario" Feature

A scenario displayed in the Scenario Comparison section can be selected to populate the Scenario section on the Scenario Builder page. Select the option button of the desired scenario and click the Replace Scenario button. The screen refreshes and the Scenario section displays the details of the scenario.

Printing Comparisons

To print the comparisons displayed in the Scenario Comparison section, click the Print Comparison button. A PDF document is generated and opened in a separate window, from which you can print.