The figures shown are based on the parameters entered / selected. Normally the system will show the results on a month-by-month basis. The exception to this is when rates change or adjustments have been made. The net payment is the monthly payment a client would have made; whereas the interest and tax relief are based on the days in the month (e.g. client payment is fairly static whereas the interest and MIRAS payments vary based on the days they represent). In addition, the net repayment includes any monthly premiums entered.

 

Following the breakdown is a list of adjustments applicable to this calculation.

 

 

 

As a PDF document this can be attached to an email and stored for later use.

 

Note: The second line of the header contains the following information: ‘produced by’ is the licensee and the name in brackets is the user code. The information on the right hand side of the header contains the version number of the software and date of the System, Interest rate and DTA information.

Related Topics

Repayment Calculator