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Effective Rate Calculator
User Guide
 
    USER GUIDE
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Launch Effective Rate
Calculator from Prospector AAA

When you have finished sourcing, select the Offset button on the sourcing toolbar.

note: MS Windows Vista users will require a minimum screen resolution of 1152x864 pixels.

 

Prospector AAA - Source Results

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Viewing and comparing mortgages

Enter the client’s average annual balances, the annual rates of interest and the tax rate into the calculator and click OK.

When the source results list is returned it will be in alphabetical order according to lender with Offset products highlighted in purple.

To compare Effective Rates, click on the column headers to reorder the results.

Effective Rate Calculator

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Source Results (offset products highlighted in purple)

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Using Effective rate
calculations with Total to Pay

For further analysis of the results, use the Total to Pay calculator (on the toolbar) to see how products compare over a selected timescale.

Tip: It is recommended the Total to Pay calculation is performed once the list of potential products is narrowed down to a minimum (by the application of other filters). This is because the calculation is very demanding on the computer’s resources so a shorter list will reduce computation time and results will be generated faster.

Prospector AAA - Source Results

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