The premium calculator step type within the wizard mimics the steps carried out when using the rate calculator window. Each of the fields below can either be set as a value within the wizard or entered in as the wizard is running.

 

Monthly payment                           sets the monthly payment

 

Add premium                                    select to add calculated premium to monthly cover (Y/N)

 

Cost per £100                                     set the cost amount per £100

 

Start Date                                            set the start date

 

First payment date                          set the first payment date

 

Product                                                from dropdown list options of mortgage, loan or user variables can be selected

 

Type                                                      select repayment type: interest only or repayment

 

Lender                                                  select lender from the dropdown options

 

Interest rate %                                  set the interest rate of the loan

 

Term                                                     set the term

 

Calculate                                              Calculates the balance amount which is then set to user variable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Topics

Individual step types