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FINCALC.DOC
F I N C A L C
A Memory Resident Financial Calculator
(C) Copyright 1991,92 Insight Software Solutions
FINCALC Page 1
---------------------------------------------------------------
About Insight Software Solutions
Insight Software Solutions is located in Bountiful Utah. Please
send any inquiries, questions, suggestions or comments to the
following address:
INSIGHT SOFTWARE SOLUTIONS
P.O. BOX 354
BOUNTIFUL, UT 84011-0354
Phone/Fax: (801) 295-1890
Support BBS: (801) 963-8721 (Rocky Mountain Software BBS)
Disclaimer
Insight Software Solutions makes no warranties or representations
of any kind, expressed or implied, including any implied
warranties of merchantability and fitness for any particular
purpose. Insight Software Solutions shall not be liable for any
errors contained herein or for any loss of profit or for
incidental or consequential damages or for any other damages.
Program Overview
FINCALC is a Memory Resident (TSR) Financial Calculator. When not
being used, FINCALC only takes about 6.5K of memory. It consists
of 3 calculators. They are a four function calculator, a present
value / future value / solve for missing value calculator and a
loan / solve for missing value calculator.
The four function calculator allows one of the four basic math
functions (addition, subtraction, multiplication, division) to be
applied to two numbers. The resulting number becomes the first
number of the next math operation.
The present value / future value calculator allows for seven
inputs of which five can be solved for. The inputs are Deposit
Mode, Compound Method, Present Value, Deposit Amount, Duration,
Interest Rate and Future Value. The last five items can all be
solved for.
The loan calculator allows for six inputs of which four can be
solved for. The inputs are Payment Mode, Compound Method, Loan
Principal, Payment Amount, Duration and Interest Rate. The last
four items can be solved for.
Installation
FINCALC comes with an installation utility called INSTALL. It
installs FINCALC onto a hard disk by copying the appropriate
files. It also gives the option of having FINCALC loaded into
memory each time you boot up your computer. To run the
installation program, insert the FINCALC diskette into drive A:
FINCALC Page 2
---------------------------------------------------------------
and at the A> prompt, type INSTALL.
Loading FINCALC
FINCALC is loaded into memory by typing "FINCALC". A prompt
appears telling you if the load into memory was successful or
not. It also indicates what key sequence is required to active
FINCALC.
FINCALC has several command line parameters which can be used at
the time FINCALC is loaded into memory. Listed below are the
available parameters and the function they perform.
/C1 This tells FINCALC that you wish to use the first
alternate startup key sequence for the 4 function
calculator only. It is <ALT><BACKSPACE>.
/C2 This tells FINCALC that you wish to use the second
alternate startup key sequence for the 4 function
calculator only. It is <ALT><RIGHT-SHIFT>.
/C3 This tells FINCALC that you wish to use the third
alternate startup key sequence for the 4 function
calculator only. It is <ALT><RIGHT-SHIFT><BACKSPACE>.
/E This tells FINCALC not to use EMS memory when swapping
itself out of memory.
/F This forces the use of Monochrome Colors. This is
useful for laptops.
/M This tells FINCALC not to display the messages that
occur when swapping in and out of memory occurs.
/N This tells FINCALC to turn on the NumLock Key when it
is called up. The status of the NumLock Key is returned
to what it was before invoking FINCALC.
/T1 This tells FINCALC that you wish to use the first
alternate startup key sequence. It is <ALT><TAB>.
/T2 This tells FINCALC that you wish to use the second
alternate startup key sequence. It is
<ALT><LEFT-SHIFT>.
/T3 This tells FINCALC that you wish to use the third
alternate startup key sequence. It is
<ALT><LEFT-SHIFT><TAB>.
/U This unloads FINCALC from memory.
/? This displays the list of command line options for
FINCALC.
Activating FINCALC
By default, FINCALC is activated by holding the <ALT> key down
and pressing the letter "F" at the same time. If you want to use
only the 4 function calculator, then by default, it is activated
by holding the <ALT> key down and pressing the letter "C" at the
same time. It is possible to use other key sequences to activate
FINCALC Page 3
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FINCALC. These are possible by use of command line options. See
Loading FINCALC above for more information.
Moving Around in FINCALC
When FINCALC is activated, a menu consisting of a list of choices
appears. This list consists of the four function calculator and
nine solve for values. One of the items will always be
high-lighted. By using the arrow keys, you can highlight anyone
of the items. Pressing the enter key activates the calculator
for the highlighted item. To exit a calculator, press the <ESC>
key and control returns to the menu. To exit FINCALC, press the
<ESC> key while in the menu. It is possible to move around the
financial calculators by use of the arrow keys and the return
key.
Function Key Usage
Active function keys appear at the bottom of the FINCALC screen.
After each function key is a brief description of what each key
does. Function keys F1, F2 and F3 are always active. A brief
description of what each key does follows:
F1 is a help key. When F1 is pressed, it toggles the help
mode off or on. When the help mode is activated, a box
below the calculator appears which give additional help on
what you can do or what information is required for the
field you are working on.
F2 is a solve for missing value key or a number of decimal
places key. When in the financial calculators, you press the
F2 key after you have entered all the other values you want.
After pressing F2, the value is displayed up in the top box
of the calculator. When in the 4 function calculator, it
lets you change the number of decimal places to be used.
F3 is a registration screen. It shows how to register the
product with INSIGHT SOFTWARE SOLUTIONS and allows you to
print a registration form.
ORDER.DOC
INSIGHT SOFTWARE SOLUTIONS Registration Form
Product Name: FINCALC 1.07
Diskette Type: 5.25" or 3.5" (Circle One)
Product Cost: $6.00
Quantity x ________
Subtotal $________
Utah Residents add Sales Tax ________ (6.25%)
Total Amount Enclosed $________
(Quantity discounts and site license agreements available)
Name ______________________________________________________
Company ___________________________________________________
Address ___________________________________________________
City __________________ State _____________ Zip _______
How did you come accross FINCALC?
Circle One: Bulletin Board Catalog Friend Other
Name:_______________________________________
Comments/Remarks __________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
Please send check or money order to:
INSIGHT SOFTWARE SOLUTIONS
P.O. Box 354
Bountiful, Utah 84011-0354
Phone/Fax: (801) 295-1890
GO.TXT
╔═════════════════════════════════════════════════════════════════════════╗
║ <<<< PC-SIG Disk #3420 INSIGHT FINANCIAL PROGRAMS >>>> ║
╠═════════════════════════════════════════════════════════════════════════╣
║ ║
║ The programs included on this disk are in Zipped (compressed) format. ║
║ ║
║ Copy all of the files to a sub-directory on your hard disk drive. ║
║ ║
║ To Unzip the programs, type: PKUNZIP (file name) (press Enter). ║
║ ║
║ PKUNZIP is available from PC-SIG or on most local Bulletin Boards. ║
║ ║
║ ║
║ (C) Copyright 1993 PC-SIG Inc. 1030D East Duane Ave. Sunnyvale CA 94086 ║
║ For inquiries call: (408) 730-9291 For orders call: (800) 245-6717 ║
╚═════════════════════════════════════════════════════════════════════════╝
INT.DOC
The
Interest
Analyzer
A Financial Tool
for
Interest
Amortization
Depreciation
Copyright 1990-93 Insight Software Solutions
THE INTEREST ANALYZER
TABLE OF CONTENTS
Program Overview . . . . . . . . . . . . . . . . . . . . . . 3
General Information . . . . . . . . . . . . . . . . . . . . . 4
Disclaimer . . . . . . . . . . . . . . . . . . . . . . . 4
About Insight Software Solutions . . . . . . . . . . . . 4
Contents of Distribution Disk . . . . . . . . . . . . . 4
Program Support . . . . . . . . . . . . . . . . . . . . 5
Getting Started With the Interest Analyzer . . . . . . . . . 6
System Requirements . . . . . . . . . . . . . . . . . . 6
Installation . . . . . . . . . . . . . . . . . . . . . . 6
Running The Interest Analyzer . . . . . . . . . . . . . 6
Screen Layout In The Interest Analyzer . . . . . . . . . . . 7
Common Screen Lines . . . . . . . . . . . . . . . . . . 7
Menu Screens . . . . . . . . . . . . . . . . . . . . . . 7
Data Input Screens . . . . . . . . . . . . . . . . . . . 7
Data View Screens . . . . . . . . . . . . . . . . . . . 7
Moving Around In The Interest Analyzer . . . . . . . . . . . 8
Menu System . . . . . . . . . . . . . . . . . . . . . . 8
Moving Field to Field . . . . . . . . . . . . . . . . . 8
Editing Within a Field . . . . . . . . . . . . . . . . . 9
Special Fixed Fields . . . . . . . . . . . . . . . . . . 9
Special Function Keys . . . . . . . . . . . . . . . . . 9
Interest Illustrations . . . . . . . . . . . . . . . . . . 11
Interest Inputs . . . . . . . . . . . . . . . . . . . 11
Interest Function Keys . . . . . . . . . . . . . . . . 13
Amortization Illustrations . . . . . . . . . . . . . . . . 15
Amortization Inputs . . . . . . . . . . . . . . . . . 15
Amortization Function Keys . . . . . . . . . . . . . . 19
Depreciation Illustrations . . . . . . . . . . . . . . . . 20
Depreciation Inputs . . . . . . . . . . . . . . . . . 20
Depreciation Function Keys . . . . . . . . . . . . . . 21
Immediate Annuity Illustrations . . . . . . . . . . . . . . 22
Immediate Annuity Inputs . . . . . . . . . . . . . . . 22
Immediate Annuity Function Keys . . . . . . . . . . . 23
Quick Calculator . . . . . . . . . . . . . . . . . . . . . 24
Financial Calculator . . . . . . . . . . . . . . . . . 24
Page 1
THE INTEREST ANALYZER
Four Function Calculator . . . . . . . . . . . . . . . 25
On-line User Manual . . . . . . . . . . . . . . . . . . . . 26
Configuration . . . . . . . . . . . . . . . . . . . . . . . 27
Color Attribute Selection . . . . . . . . . . . . . . 27
Printer Selection . . . . . . . . . . . . . . . . . . 28
Miscellaneous Selection . . . . . . . . . . . . . . . 29
Filing System . . . . . . . . . . . . . . . . . . . . . . . 31
Answers To Common Problems . . . . . . . . . . . . . . . . 31
Page 2
THE INTEREST ANALYZER
Program Overview
The Interest Analyzer
The Interest Analyzer is a financial software program designed
with ease and flexibility in mind. It comes complete with a
variety of financial tools for calculating Annuities (Savings,
Interest Accumulation), Amortization (Loans, Mortgages),
Depreciation, Immediate Annuities and Calculators for solving for
missing values. Each financial tool contains a variety of options
to allow maximum flexibility.
The Interest (Savings) tool allows variable deposit modes,
deposits, withdrawals and interest rates. Professional reports
can be created with varying detail. Special options are available
to illustrate the time value of compounding and the impact of
taxes on savings.
The Amortization (Loan) tool allows variable payments, interest
rates and compounding methods. Professional schedules can be
generated with varying detail. Special options are available to
illustrate the savings incurred with an early payoff of a loan
and to show tax savings with mortgages.
The Depreciation tool allows for a variety of depreciation
methods to be illustrated using different time conventions.
The Immediate Annuity tool allows variable payout modes and
compounding methods. Professional schedules are produced.
The Interest Analyzer produces illustrations and schedules for
each of the financial tools. These can be viewed on the screen or
sent to a printer. The Interest Analyzer is a menu driven program
that also contains an on-line manual and individual help for each
input to allow the user to easily navigate and understand the
program.
Client names can be entered and included in the illustrations.
Each financial tool has the ability to save and retrieve all
information entered. The Interest Analyzer provides several
miscellaneous configuration options for setting the program up to
your individual liking.
Page 3
THE INTEREST ANALYZER
General Information
Disclaimer
Insight Software Solutions makes no warranties or representations
of any kind, expressed or implied, including any implied
warranties of merchantability and fitness for any particular
purpose. Insight Software Solutions shall not be liable for any
errors contained herein or for any loss of profit or for
incidental or consequential damages or for any other damages.
About Insight Software Solutions
Insight Software Solutions is located in Bountiful Utah. Please
send any inquiries, questions, suggestions or comments to the
following address:
INSIGHT SOFTWARE SOLUTIONS Tel: (801) 295-1890
P.O. BOX 354 Fax: (801) 299-1781
BOUNTIFUL, UT 84011-0354 BBS: (801) 963-8721
CIS: [71672,3464]
In Canada Contact:
US-CAN COMPUTER SERVICES INC. Tel: (403) 243-2393
BOX 34146, 1200 37th St. S.W. Fax: (403) 243-2396
Calgary, Alberta T3C 3W2 Orders Only: 1-800-663-1537
Internet: BARRY.DUFRESNE@T8000.CUC.AB.CA
Contents of Distribution Disk
The Interest Analyzer diskette contains several files which are
needed for optimal performance. Their name and function are
listed below.
INT.EXE This is the main executable program.
INT.CFG This contains program configuration information
such as screen color and printer selections. This
file is automatically created if not found.
INT.PTR This contains printer definitions for a variety of
printers.
INT.DOC This is the User Manual for The Interest Analyzer.
INT.BAT This is a start up batch file for hard disks.
INSTALL.EXE This copies the program to a hard disk.
INTEREST.DAT This contains client information for the Interest
Calculations.
AMORT.DAT This contains client information for the
Amortization Calculations.
DEPREC.DAT This contains client information for the
Depreciation Calculations.
ANNUITY.DAT This contains client information for the Annuity
Calculations.
Page 4
THE INTEREST ANALYZER
Program Support
Once registered, you will receive notification of major updates
and new products. Registration includes a 90 day support policy
where free updates will be provided for major problems. If a
problem cannot be resolved, then a refund of money will be made.
Insight Software Solutions offers support through the mail,
phone, fax, BBS and CIS. Please refer to the address and phone
numbers on the previous page. Our official support BBS is the
Rocky Mountain Software BBS (RMS). RMS can be reached 24 hours a
day at (801) 963-8721 where a conference dedicated to us can be
found. Our latest software products and versions, bulletins, news
and message system are located on RMS under conference #4. RMS
accepts modem baud rates of 1200 to 38400.
Insight Software Solutions is a member of
the Association of Shareware Professionals
(ASP). ASP wants to make sure that the
shareware principal works for you. If you
are unable to resolve a shareware related
problem with an ASP member by contacting
the member directly, ASP may be able to
help. The ASP Ombudsman can help you
resolve a dispute or problem with an ASP
member, but does not provide technical
support for members' products. Please write
to the ASP Ombudsman at 545 Grover Road,
Muskegon, MI 49442 or send a CompuServe
message via CompuServe Mail to ASP
Ombudsman 70007.3536.
Page 5
THE INTEREST ANALYZER
Getting Started With the Interest Analyzer
System Requirements
The Interest Analyzer is almost hardware independent. It will run
on most PC systems. The minimum requirements are as follows:
IBM type PC, XT, AT or PS/2 (or compatible)
384K Ram
Dos 2.0 or higher
any monochrome, color, or composite monitor
virtually any printer that supports condensed printing
Installation
The Interest Analyzer may be run from either a floppy or hard
disk. There are no special installation procedures to set the
program up. To load the program onto a hard disk, simply copy the
contents of the floppy diskette onto the hard disk. We recommend
that it be placed into its own subdirectory. An installation
program called INSTALL.EXE is provided to assist you in the
installation of the program on a hard drive. From the A> prompt,
simply type in "INSTALL". This will prompt you through the
installation process.
Running The Interest Analyzer
To run The Interest Analyzer, simply type "INT". This can be done
from the floppy disk or from a hard drive if you used the
provided installation procedure.
Page 6
THE INTEREST ANALYZER
Screen Layout In The Interest Analyzer
Common Screen Lines
There are several common screen lines found in The Interest
Analyzer. This includes the first, second, twenty third, twenty
fourth, and twenty fifth lines. The first line contains the
current date and time as specified by DOS. It also contains the
copyright notice of INSIGHT SOFTWARE SOLUTIONS. The second line
is part of the box surrounding the user work area. It generally
contains a centered title describing the function of the current
screen. The twenty third line is the status line. It shows the
status of the Help, Caps, Scroll Lock, Num Lock, and Insert keys.
The twenty fourth line is the prompt line. It indicates what you
are supposed to do for a given input field. The twenty fifth line
is the Function Keys Status line. It shows what Function Keys
(F1, F2, ...) are available for use and what their particular
functions are.
Menu Screens
Menu Screens appear as a list of numbered items. There is also a
movable highlight bar indicating the current menu selection.
Data Input Screens
Data Input Screens contain fields or areas which can be changed
by you. These fields are generally preceded by a label indicating
what type of value is desired for the field.
Data View Screens
Data View Screens contain scrollable text for your viewing.
Generally, the text can be scrolled up and down and left and
right. Indications of the current location in the text are given
on the left side of the status line.
Page 7
THE INTEREST ANALYZER
Moving Around In The Interest Analyzer
Menu System
Menus appear as a list of numbered options. To select the option
desired, you may press the associated number. An alternate method
is to use the arrow keys along with the <Enter> key. One option
is always highlighted and indicates the current option. To change
the current option, you may press the UP and DOWN arrow keys to
move the highlight bar. Once the desired option is highlighted,
pressing the <Enter> key selects it.
Moving Field to Field
Moving from one field to another field can be accomplished by
many different keystrokes. Listed below is a summary of the
keystrokes available and the function they perform.
ENTER KEY: Moves you to the next logical field.
RIGHT ARROW KEY: If the cursor is on the last editing character
of the field, this key moves the cursor to the right of the
current field.
LEFT ARROW KEY: If the cursor is on the first character of the
field, this key moves the cursor to the field to the left of the
current field.
DOWN ARROW KEY: Moves the cursor to the field below the current
field.
UP ARROW KEY: Moves the cursor to the field above the current
field.
PAGE DOWN KEY: Moves the cursor to the last field on the screen.
PAGE UP KEY: Moves the cursor to the first field on the screen.
TAB KEY: Moves the cursor to the next logical field.
TAB LEFT KEY: Moves the cursor to the previous logical field.
<CTRL> RIGHT ARROW KEY: Moves the cursor to the field to the
right of the current field.
<CTRL> LEFT ARROW KEY: Moves the cursor to the field to the left
of the current field.
Page 8
THE INTEREST ANALYZER
Editing Within a Field
Editing within a field can be accomplished with many different
keystrokes. Listed below is a summary of the keystrokes available
and the functions they perform.
RIGHT ARROW KEY: Moves the cursor one character to the right.
LEFT ARROW KEY: Moves the cursor one character to the left.
HOME KEY: Moves the cursor to the beginning of the field.
END KEY: Moves the cursor to the last character in the field.
BACKSPACE KEY: Moves the cursor to the left one character and
erases that character and shifts all trailing characters to the
left one space.
INSERT KEY: Toggles between insert mode and typeover mode.
DELETE KEY: Erases the character under the cursor and shifts all
trailing characters to the left one space.
ALPHA/NUMERIC KEY: Outputs the character where the cursor is and
moves the cursor over to the right, one space. If insert mode is
on, then all trailing characters are moved to the right, one
space.
Special Fixed Fields
There are certain fields which have fixed values. When the cursor
is moved to these fields, a window of choices appears. Each
choice has either an associated number or letter next to it.
Pressing the associated number or letter automatically makes the
desired selection and moves the choice into the input field.
Special Function Keys
There are a number of special function keys which perform a
variety of tasks. These keys are as follows.
<ESC> KEY: This key always takes you back one level from where
ever you are. For example: if you enter a screen from a menu,
then the <Esc> key will take you back to that menu.
<F1> KEY: This key is the help key. It toggles off and on
whether help messages should be shown with each input.
Page 9
THE INTEREST ANALYZER
<F2>..<F10> KEYS: These other function keys may or may not be
active and have different functions in different parts of the
program. Brief explanations of what these keys do are displayed
on the screen in the Function Key line. Detailed information is
given under the documentation of each particular screen as to
which Function Keys are active and what their function is.
Page 10
THE INTEREST ANALYZER
Interest Illustrations
Interest Inputs
There are up to 17 different Interest Inputs depending on the
Interest Illustration chosen. They are as follows:
TITLE: This is a title line printed on the top of the
illustration. This uses a line on the illustration print out only
if something is entered; therefore, you can fit more illustration
on a page if the title is left blank.
PRODUCED FOR: This is for personalizing the printed
illustration. This uses a line on the illustration print out only
if something is entered; therefore, you can fit more illustration
on a page if this is left blank. Please note that if you are
saving and restoring client information (files) that the filer
system distinguishes unique cases by this name; therefore, you
should specify a name if you wish to save different cases.
PRODUCED BY: This is for personalizing the printed illustration.
This uses a line on the illustration print out only if something
is entered; therefore, you can fit more illustration on a page if
this is left blank.
DEPOSIT METHOD: This is the frequency of deposits to be made.
This may be on a weekly, bi-weekly, semi-monthly, monthly,
quarterly, semi-annual or annual basis.
COMPOUND METHOD: This is the frequency at which the interest
rate is compounded. This may be on a daily (360 or 365 days),
monthly, quarterly, semi-annual or annual basis.
BEGINNING BALANCE: This is a beginning balance or a lump sum
amount that the interest calculation starts out with above and
beyond the first monthly or yearly deposit.
MONTHLY DEPOSIT: This is the amount of money that is to be
deposited every month. Depending on the "deposit method", this
may be "weekly deposit", "bi-weekly deposit", etc. in which case
it is the amount of money to be deposited for the given period.
Deposits are assumed made at the beginning of each period. A
notation to the right of the deposit will say either "flat
deposits", "variable deposits" or "COLA deposits". "Flat
deposits" means that the monthly deposit shown is for every
single period during the term of the illustration. "Variable
deposits" means that it has been specified at some point to use a
different deposit. Variable deposits are made possible through
Page 11
THE INTEREST ANALYZER
the F2 (DEPOSITS) function key. "COLA deposits" means that the
COLA option has been selected and that the deposits are to be
automatically adjusted for a given cost of living percentage.
DURATION IN MONTHS: This is the number of months to compute and
run the illustration. The maximum number of months allowable is
480 or 40 years. If the "deposit mode" has been specified as a
period greater than a month, then the months are automatically
truncated to the nearest specified period. For example, an annual
deposit mode would change an input of 123 to 120.
INTEREST RATE: This is the rate at which to compound the money.
Three decimal places are allowed. A notation to the right of the
interest rate will say either "flat rate" or "variable rate".
"Flat rate" means that the interest rate shown is for every
single period during the term of the illustration. "Variable
rate" means that it has been specified at some point to use a
different rate. Variable interest rates are made possible through
the F3 (INTEREST) function key.
ORIGINATION DATE: This is the date at which the money is first
deposited and the illustration starts. The printed illustration
keeps track of each payment period based upon the origination
date.
ILLUSTRATION DETAIL: This determines whether to print every
month, quarter, half year or year of detail on the illustration.
The illustration detail cannot be a smaller period than that
specified in the deposit mode. For example, you cannot illustrate
monthly values for an illustration which has only annual
deposits. Deposit Methods of weekly, bi-weekly and semi-monthly
are always illustrated on an annual basis.
YEARLY BASIS: The cumulative totals of the illustration can be
displayed on either a calendar or fiscal year basis. A fiscal
year basis displays the totals at exact yearly intervals. For
example, a monthly deposited illustration which starts in March
would show totals each March. If a calendar basis is chosen, then
totals would be shown at the end of each calendar year or the
period closest to the end of the year.
SPECIAL OPTIONS: This consists of five choices which are as
follows: None, Tax Imposed Comparison, Cost of Waiting
Comparison, Tax Imposed Cost of Waiting Comparison, and Cost of
Lower Interest Rates. Selecting "None" will produce a basic
interest accumulation illustration. The "Tax Imposed Comparison"
does a comparison of the Basic Interest Illustration along side
the same illustration with the interest rate adjusted for a given
Page 12
THE INTEREST ANALYZER
tax bracket. It shows your real return on money for non tax-
sheltered savings. It also shows the difference in savings using
non-taxed investments. The "Cost of Waiting Comparison" does a
comparison of the Basic Interest Illustration along side itself
offset by a given number of months. It shows the difference in
savings over the years that you can make by saving now instead of
later. The "Tax Imposed Cost of Waiting Comparison" is the same
as the "Cost of Waiting Comparison" except that its values have
the interest rate adjusted for a given tax bracket. The Basic
interest illustration is not shown here. The "Cost of Lower
Interest Rates" does a comparison of two interest rates on the
same deposits for the same duration and shows them side by side
with the difference in earnings. This allows you to see the
difference in savings that can be made by obtaining higher
interest rates.
ALTERNATE INT. RATE: This is a second interest rate for interest
rate comparisons. This only appears when the special option "Cost
of Lower Interest Rates" is selected.
TAX BRACKET: This is the estimated tax bracket in a percentage
form of the person for whom the illustration is for. This only
appears when the special option "Tax Imposed Comparison" or "Tax
Imposed Cost of Waiting Comparison" is selected.
MONTHS TO WAIT: This specifies the number of months to wait
before doing the comparison. This only appears when the special
option "Cost of Waiting Comparison" or "Tax Imposed Cost of
Waiting Comparison" is selected.
USE AUTOMATIC COLA: This selection forces the deposits to be
incremented each year by a "cost of living adjustment". Selecting
this field, disables the F2 Deposits key. This is helpful for
those savings which are based on a percentage of salary where the
deposit amount increases with an annual salary increase.
COLA PERCENTAGE RATE: This is the percentage amount that the
deposits are to be incremented by each year. This field only
appears when the "Use Automatic COLA" is selected.
Interest Function Keys
F2 KEY (DEPOSITS): This pops up another screen which allows up
to 100 deposit inputs. Each deposit is numbered. New function
keys appear indicating how to change deposits above 100. There
will be enough inputs and function keys to cover the duration
specified for the illustration. By this fashion you may enter in
different deposits for the entire span of the illustration. The
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THE INTEREST ANALYZER
new F2 key (DUP) will duplicate the previous value and advance
the cursor. This allows easy duplication of deposits without
having to rekey them all in.
F3 KEY (INTEREST): This pops up another screen which allows up
to 120 interest rate inputs. Each interest rate is numbered. New
function keys appear indicating how to change interest rates
above 120. There will be enough inputs and function keys to cover
the duration specified for the illustration. By this fashion you
may enter in different interest rates for the entire span of the
illustration. The new F2 key (DUP) will duplicate the previous
value and advance the cursor. This allows easy duplication of
interest rates without having to rekey them all in.
F4 KEY (VIEW): This calculates the illustration with the given
values and displays the illustration in a window on the screen.
The illustration can be scrolled around the window vertically and
horizontally by use of the arrow, PgUp, PgDn, Home and End keys.
The viewed illustration is identical to what the printed
illustration will look like with the exception that the printed
illustration may use condensed and bold print.
F5 KEY (PRINT): This calculates the illustration with the given
values and sends the results to the printer. Depending on the
width of the illustration, the program chooses whether to print
using condensed print or not. All illustrations are centered, but
can be adjusted by means of the printer configuration section,
and have titles and totals in bold print. Each page is numbered.
F6 KEY (FILER): This brings up the filing system menu. See the
documentation on the filing system.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
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THE INTEREST ANALYZER
Amortization Illustrations
Amortization Inputs
There are up to 16 different Amortization Inputs depending on the
Amortization Illustration chosen. They are as follows.
TITLE: See "title" under Interest Inputs.
PRODUCED FOR: See "produced for" name under Interest Inputs.
PRODUCED BY: See "produced by" under Interest Inputs.
PAYMENT MODE: This is the frequency of payments to be made. This
may be on a monthly, quarterly, semi-annual or annual basis.
COMPOUND METHOD: This is the frequency at which the interest
rate is compounded. This may be on a daily (360 or 365 days),
monthly, quarterly, semi-annual or annual basis. Generally, a
mortgage is compounded on a monthly basis.
ORIGINAL PRINCIPAL: This is the original principal of the amount
to amortize.
ROUND TO THE CENT: When selected, payments are rounded up to the
nearest cent, Interest and Principal are rounded to the nearest
cent. This produces a schedule where all values are totally in
sync. Since the payments are rounded to the nearest cent, the
last payment will generally be slightly different than the rest.
If not selected, then values are not rounded internally. They
appear on the schedule rounded to the nearest cent, but totals
may be slightly out of sync by a few cents.
NUMBER OF MONTHS: This is the number of months over which to
amortize the original principal. This can be up to 360 months
allowing for a 30 year amortization.
INTEREST RATE: This is the rate at which to amortize. Three
decimal places are allowed. A notation to the right of the
interest rate will indicate either "flat rate" or "variable
rate". "Flat rate" means that the interest rate shown is for
every period during the amortization. "Variable rate" means that
it has been specified at some point to use a different rate.
Variable interest rates are made possible through the F3
(INTEREST) function key.
ORIGINATION DATE: This is the date at which the amortization
starts. The printed illustration keeps track of every month and
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THE INTEREST ANALYZER
year based upon the origination date.
ILLUSTRATION DETAIL: This determines whether to print every
month, quarter, half year or year of detail on the illustration.
The illustration detail cannot be a smaller period than that
specified in the payment mode. For example, you cannot illustrate
monthly values for an illustration which has only annual
payments.
SEQUENCE COLUMN: This allows you to specify the left column of
the illustration. The options produce the following columns:
"Date Only" "Payment Number Only" "Date & Payment Number"
PMT PMT
DATE NUM NUM DATE
-------- --- --- --------
10/25/94 1 1 10/25/94
11/25/94 2 2 11/25/94
YEARLY BASIS: This allows you to select when the cumulative
totals of the illustration are to be displayed. They can be
displayed on either a calendar or fiscal year basis. A fiscal
year basis displays the totals at exact yearly intervals. For
example, a loan paid monthly which starts in March would show
totals each March. If a calendar basis is chosen, then totals
would be shown at the end of each calendar year or the period
closest to the end of the year. For example, a loan paid
quarterly which starts in April would have payments in April,
July and October. The yearly totals would then be displayed each
October because it is the last period in the calendar year.
SPECIAL OPTIONS: This consists of seven choices which are as
follows: None, Recurring Extra Payment, Variable Extra Payment,
Double Principal Payment, Balloon Payment, 13 Monthly Payments
Per Year and Variable Payment. Selecting "None" is for doing
basic amortization illustrations consisting of six basic
elements: Original Principal, Payments, Interest Rate, Interest
Paid, Principal Paid, and Remaining Principal. The "Recurring
Extra Payment" option adds the ability to specify a constant
extra amount payable towards the principal each month. The new
amortization is compared to the Basic Amortization. This allows
you to see how a little more of a payment reduces the length of a
mortgage by a great deal. The "Variable Extra Payment" option
works just like the "Recurring Extra Payment" except that a
different extra amount can be specified for any month or period
of the loan. The "Double Principal Payment" option displays what
doubling the principal payment each month does to the loan. It
cuts the loan period almost in half. The "Balloon Payment" option
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THE INTEREST ANALYZER
adds the ability to show the loan for a short period of time and
then what one final payment would be to pay off the loan. The "13
Monthly Payments Per Year" option allows you to specify a month
where two normal payments will be made. This typically reduces a
30 year mortgage to 21 years. This closely simulates a bi-weekly
payoff schedule. The "Variable Payment" option adds the
flexibility to specify whatever payments you would like for every
month of the mortgage. This amortization is compared to the Basic
Amortization. You can specify exactly how you plan to pay your
mortgage and see the effect it has.
EXTRA PAYMENT AMOUNT: This field appears only with the special
option of "Recurring Extra Principal" or "Variable Extra
Payment". It is an additional amount of money which is to be
applied to the loan each and every period. This amount of money
pays towards the principal of the loan and accelerates the
amortization and pays it off early.
PAYMENT AMOUNT: This field appears only with the special option
of "Variable Payment". The periodic payment is normally
determined by amortizing the original principal at the given
interest rate for a given duration. The Periodic Payment field;
however, lets you override the periodic payment amount. You can
specify whatever amount you want to pay towards the loan. This
allows total flexibility in the amounts you wish to pay towards
your loan. A notation to the right of the periodic payment will
indicate either "flat payments" or "variable payments". "Flat
payments" means that the periodic payment shown is for every
single period during the term of the illustration. "Variable
Payments" means that it has been specified at some point to use a
different periodic payment. Variable payments are made possible
through the F2 (PAYMENTS) function key.
MONTHS UNTIL BALLOON: This field appears only with the special
option of "Balloon Payment". It allows the number of months to be
specified before the balloon payment is to be made.
USE TAX SAVINGS: This field appears only if the payment mode is
monthly. It is intended to be used for mortgages only. The tax
savings option adds several elements to the Basic Illustration.
Property taxes and insurance amounts are added to give a fuller
picture of your total payment. Tax savings (based on itemized
deductions) are also computed with a given tax bracket. Tax
savings may be used in conjunction with any of the special
options.
TAX BRACKET: This field appears only if the tax savings feature
has been selected. This is the estimated tax bracket in a
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THE INTEREST ANALYZER
percentage form of the person for whom the amortization is for.
This allows an estimated savings in taxes that a person can
realize from a mortgage based on itemized deductions.
MONTHLY PROPERTY TAX: This field appears only if the tax savings
feature has been selected. This is the amount of property tax
paid per month for a mortgage. This allows a fuller picture of
actual payments of a mortgage and helps estimate the tax savings.
MONTHLY INSURANCE: This field appears only if the tax savings
feature has been selected. This is the cost of insurance which is
required on most mortgages. This allows a fuller picture of
actual payments for a mortgage.
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THE INTEREST ANALYZER
Amortization Function Keys
F2 KEY (PAYMENTS): This function key is available only if one of
the following special options has been selected: Variable Extra
Payment, Variable Payments. This pops up another screen which
allows up to 100 payment inputs. Each payment is numbered. New
function keys appear indicating how to change payments above 100.
There will be enough inputs and function keys to cover the
duration specified for the illustration. By this fashion you may
enter in different payments for the entire span of the
illustration. The new F2 key (DUP) will duplicate the previous
value and advance the cursor. This allows easy duplication of
payments without having to rekey them all in.
F3 KEY (INTEREST): This pops up another screen which allows up
to 120 interest rate inputs. Each interest rate is numbered. By
this fashion you may enter in different interest rates for each
period of the illustration and produce a stepped rate or variable
rate mortgage illustration. The new F2 key (DUP) will duplicate
the previous value and advance the cursor. This allows easy
duplication of interest rates without having to rekey them all
in.
F4 KEY (VIEW): This calculates the illustration with the given
values and displays the illustration in a window on the screen.
The illustration can be scrolled around the window vertically and
horizontally by use of the arrow, PgUp, PgDn, Home and End keys.
The viewed illustration is identical to what the printed
illustration will look like with the exception that the printed
illustration may use condensed and bold print.
F5 KEY (PRINT): This calculates the illustration with the given
values and sends the results to the printer. Depending on the
width of the illustration, the program chooses whether to print
using condensed print or not. All illustrations are centered, but
can be adjusted by means of the printer configuration section,
and have titles and totals in bold print. Each page is numbered.
F6 KEY (FILER): This brings up the filing system menu. See the
documentation on the filing system.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
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THE INTEREST ANALYZER
Depreciation Illustrations
Depreciation Inputs
There are up to 16 different Depreciation Inputs. They are as
follows.
TITLE: See "title" under Interest Inputs.
PRODUCED FOR: See "produced for" under Interest Inputs.
PRODUCED BY: See "produced by" under Interest Inputs.
STRAIGHT LINE METHOD: This allows you to select the straight
line method of depreciation to appear on the illustration.
LIFE PERIODS METHOD: This allows you to select the life periods
method of depreciation to appear on the illustration.
ANNUITY METHOD: This allows you to select the annuity method of
depreciation to appear on the illustration.
SINKING FUND METHOD: This allows you to select the sinking fund
method of depreciation to appear on the illustration.
MACRS METHOD (200%): This allows you to select the MACRS (200%)
method of depreciation to appear on the illustration.
MACRS METHOD (150%): This allows you to select the MACRS (150%)
method of depreciation to appear on the illustration.
ITEM TO DEPR.: This is simply the name of the item to be
depreciated. It appears as a header on the illustration.
ORIGINAL COST: This is the original cost or value of the item to
be depreciated.
RESIDUAL VALUE: This is the value of the depreciated item after
the depreciation period ends.
YEARS OF DEPRECIATION: This is the depreciation period. It is
the number of years over which to depreciate the item.
ANNUITY INTEREST RATE: This is an interest rate which is used
internally for calculating the Annuity and Sinking Fund methods
of depreciation. This field only appears if one these methods is
selected.
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THE INTEREST ANALYZER
TIME CONVENTION: This is the period during the year which the
depreciation starts. Available conventions are full year, half
year and 1st - 4th midquarters. These time conventions only apply
to the Straight Line, Life Periods and MACRS depreciation
methods. It only appears if one of these methods is selected.
PERCENT ROUNDING: This is the accuracy or rounding of the
percentages used each year for depreciation. It indicates the
number of decimal places to use in the percentages. These
percentages only apply to the Straight Line, Life Periods and
MACRS depreciation methods. It only appears if one of these
methods is selected.
Depreciation Function Keys
F4 KEY (VIEW): This calculates the illustration with the given
values and displays the illustration in a window on the screen.
The illustration can be scrolled around the window vertically and
horizontally by use of the arrow, PgUp, PgDn, Home and End keys.
The viewed illustration is identical to what the printed
illustration will look like with the exception that the printed
illustration may use condensed and bold print.
F5 KEY (PRINT): This calculates the illustration with the given
values and sends the results to the printer. Depending on the
width of the illustration, the program chooses whether to print
using condensed print or not. All illustrations are centered, but
can be adjusted by means of the printer configuration section,
and have titles and totals in bold print. Each page is numbered.
F6 KEY (FILER): This brings up the filing system menu. See the
documentation on the filing system.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
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THE INTEREST ANALYZER
Immediate Annuity Illustrations
Immediate Annuity Inputs
There are 10 different Immediate Annuity Inputs. They are as
follows.
TITLE: See "title" under Interest Inputs.
PRODUCED FOR: See "produced for" under Interest Inputs.
PRODUCED BY: See "produced by" under Interest Inputs.
BEGINNING BALANCE: This is a beginning balance that the annuity
starts out with.
PAYOUT: This is the desired payout. It will be calculated based
on the other values. Entering a desired payout will adjust the
beginning balance to indicate the amount of money required.
PAYOUT METHOD: This is the frequency at which payouts are made.
This may be on a weekly, bi-weekly, semi-monthly, monthly,
quarterly, semi-annual or annual basis.
DURATION IN MONTHS: This is the number of months to compute and
run the illustration. The maximum number of months allowable is
480 or 40 years. If the "payout method" has been specified as a
period greater than a month, then the months are automatically
truncated to the nearest specified period. For example, an annual
payout mode would change an input of 123 to 120.
INTEREST RATE: This is the rate at which to compound the money.
Three decimal places are allowed.
COMPOUND METHOD: This is the frequency at which the interest
rate is compounded. This may be on a daily (360 or 365 days),
monthly, quarterly, semi-annual or annual basis.
ORIGINATION DATE: This is the date at which the money is first
deposited and the illustration starts. The printed illustration
keeps track of each payment period based upon the origination
date.
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THE INTEREST ANALYZER
Immediate Annuity Function Keys
F4 KEY (VIEW): This calculates the illustration with the given
values and displays the illustration in a window on the screen.
The illustration can be scrolled around the window vertically and
horizontally by use of the arrow, PgUp, PgDn, Home and End keys.
The viewed illustration is identical to what the printed
illustration will look like with the exception that the printed
illustration may use condensed and bold print.
F5 KEY (PRINT): This calculates the illustration with the given
values and sends the results to the printer. Depending on the
width of the illustration, the program chooses whether to print
using condensed print or not. All illustrations are centered, but
can be adjusted by means of the printer configuration section,
and have titles and totals in bold print. Each page is numbered.
F6 KEY (FILER): This brings up the filing system menu. See the
documentation on the filing system.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
Page 23
THE INTEREST ANALYZER
Quick Calculator
The Quick Calculator can be selected as option five from the main
menu or by the F9 (QCALC) Key from one of the input screens. The
Quick Calculator option is used to calculate a variety of
financial calculations and for simple math functions. Selecting
the Quick Calculator pops up a window which contains its own
menu. You can select a financial value to solve for or a four
function calculator.
Financial Calculator
The financial calculator consists of two parts. One is for
calculating present values and future values and the other is for
calculating loans. The first consists of five solve for values
and the second consists of four solve for values. By selecting
one of these values to solve for, inputs appear which you must
enter to solve for the selected value. These values and inputs
are listed below.
Present/Future Values
PRESENT VALUE: This lets you solve for a lump sum amount (or
present value) given the future value, interest rate, number of
months, and any period deposits.
DEPOSITS: This lets you solve for a periodic deposit given the
future value, interest rate, number of periods, and a lump sum
amount (present value).
DURATION: This lets you solve for the number of periods it takes
to reach a future value given the future value, interest rate,
periodic deposit, and a lump sum deposit.
INTEREST RATE: This allows you to solve for an interest rate
based on the present value, the number of periods, the number of
deposits and the future value.
FUTURE VALUE: This allows you to solve for a future value given
a lump sum amount (present value), a periodic deposit, an
interest rate, and the number of periods.
Loans
PRINCIPAL: This allows you to solve for the principal amount of
a loan given the periodic payment, duration and interest rate.
PAYMENT: This allows you to solve for the periodic payment of a
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THE INTEREST ANALYZER
loan given the principal amount, duration and interest rate.
DURATION: This allows you to solve for the duration of a loan
given the principal amount, periodic payment and interest rate.
INTEREST RATE: This allows you to solve for the interest rate of
a loan given the principal amount, periodic payment and duration.
Four Function Calculator
The four function calculator simply allows you to type in numbers
and add, subtract, multiply, and divide them. It displays the
result. The result can then be used as one of the next numbers in
a calculation.
Page 25
THE INTEREST ANALYZER
On-line User Manual
The Interest Analyzer provides the capability to review this
manual on-line. Option number six from the main menu allows this.
Once option six is selected, the user manual is loaded into
memory and displayed on the screen. You can scroll through it at
will by use of the arrow keys and PgUp and PgDn keys. The manual
can be printed by your printer by simply pressing the F2 Key. The
file "INT.DOC" contains the user manual. It is in standard ascii
format and can be read in by virtually any editor or word
processor. It can be printed by simply using the Dos Print
command.
Page 26
THE INTEREST ANALYZER
Configuration
The configuration section allows you to configure the program to
work with the printer of your choice, to work with the colors of
your choice and to set up miscellaneous functions and data used
in the program. Option number seven from the main menu brings up
this menu.
Color Attribute Selection
Selecting the color attribute option brings up a screen with a
list of all the different areas where different colors are used
and a displayed list of color to choose from. These are listed
below with a brief description of what areas are effected by the
specified color attribute names. Listed below the attribute names
is a list of active Function Keys which can help in setting up
your colors.
SCREEN ATTRIBUTE: This is the color that the screen uses
everywhere except for the following special areas. This is the
most common color.
FIELD ATTRIBUTE: This is the color that input fields appear in
while they are not being edited. This distinguishes them from
normal text on the screen.
EDIT ATTRIBUTE: This is the color of an input field while it is
being edited. This helps identify where you are at on the screen.
FKEY ATTRIBUTE: This is the color that the FKey line appears as
at the bottom of the screen.
ERROR ATTRIBUTE: This is the color that error messages pop up
in.
MENU NORMAL ATTRIBUTE: This is the color that pop up scrollable
selection windows appear in.
MENU HIGHLIGHT ATTRIBUTE: This is the color that the highlighted
selection of menus and pop up scrollable selections appear in.
STATUS ATTRIBUTE: This is the color that the screen title
appears in. It is also the color of the Caps Lock, Num Lock,
Insert, Scroll, and Help status appear in.
F2 KEY (SHOW COLOR): This displays the current color specified
in the field where the cursor is located. The color is displayed
in a little window in the bottom right corner.
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THE INTEREST ANALYZER
F3 KEY (OTHER COLORS): There are 256 colors available, but only
128 of them are displayed on the screen at one time. The F3 Key
toggles between displaying the different sets of 128 colors.
F4 KEY (DEFAULT MONO): This automatically sets all the fields to
the default colors selected by Insight Software Solutions for a
monochrome monitor.
F5 KEY (DEFAULT COLOR): This automatically sets all the fields
to the default colors selected by Insight Software Solutions for
a color monitor.
Printer Selection
The printer selection brings up a menu which has several options.
The options are to Select A Printer, Delete A Printer, Add A
Printer, Modify A Printer, and to Alter Line Spacing and Margins.
Below the menu items is a list of the current printer
specifications.
Selecting a printer brings up a list of printers. Simply use the
arrow keys to highlight your printer type and press the <Enter>
key. If your printer is not listed, you may try several of the
printers listed to see if your printer is compatible with one of
those listed. If it is not then you may enter your own printer
definition for your exact printer.
Deleting a printer definition should not be used very often.
Simply use the arrow keys to select the printer definition to be
deleted and press the <Enter> Key. You will be prompted to verify
that you really want to delete the printer definition.
Adding a printer definition can be difficult if you are not
familiar with printer control sequences. Selecting this option
brings up a printer input screen. It asks for a printer name
along with many different printer control sequences. The printer
control sequences need to be entered in hexadecimal notation. If
you are incapable of performing this task, Insight Software
Solutions is willing to set up your printer definition for free
if you are a registered user and you send Insight Software
Solutions a copy of the control codes out of your printer manual.
Modifying a printer definition brings up the same screen as
Adding a printer definition. You may then change any of the
fields desired. If the printer name is changed, the changed
definition will not be overwritten, but will appear as a new
printer definition. This allows you to create a similar printer
definition without rekeying all the control sequences back in.
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THE INTEREST ANALYZER
The altering line spacing and margins allows you to specify seven
different items. These items are: the top margin, left margin,
line spacing, page pausing, IBM graphics characters, Printer Port
and printer error bypass. The illustration is automatically
centered on the page left to right starting at line one. If you
desire a top margin it can be specified. (Note: Laser printers
should not normally specify a top margin.) If a larger left
margin is desired (for punched holes, etc) then a larger left
margin can be specified. The line spacing can be sent to either 6
lines per inch or 8 lines per page if more information per page
is desired. "Pause After Each Page" allows you to insert new
pieces of paper if your printer does not have continuous form
paper. Selecting the IBM graphics characters, tells the program
to build the illustration using graphic characters for dashes and
double dashes. Using the graphic characters produces a solid
line. These characters are used under headings, etc. Some
printers do not support these characters. If you select this
option and you get strange results on your printout, then you
will need to turn this option off. You may select to have your
printed output go to either LPT1, LPT2 or LPT3; this is helpful
if you have more than one printer connected to your computer. You
may select to have the program bypass all printer error checking.
There are rare cases where the printer error checking can cause
an error message to display even though there really is not an
error. Certain hardware like an automatic printer switching box
or some software spoolers may cause this. You may turn the error
checking off by selecting "Y" here to avoid this rare problem.
CAUTION: If your system works with the error checking on, then DO
NOT turn it off. If there is a real printer problem, the computer
could get hung and require a reboot.
Miscellaneous Selection
The Miscellaneous Configuration section allows you to adjust the
program and the illustration more to your liking. There are eight
inputs. The first three are for permanent illustration header
lines. Typically these lines would be set to your company name
and address, but can be set to anything. These lines appear at
the top of every illustration before anything else. These lines
do not need to be retyped each time the program is run. They are
saved and retrieved each time it is used. By selecting the "Turn
Sound Off" selection, most sound effects will not occur. If you
do not wish to see the startup logo each time you run The
Interest Analyzer, then you may select "Bypass Logo at Start". By
selecting "Erase Numeric Fields", this will cause the program to
clear a numeric field of its current value when you type a digit
as the first thing you do when editing the field. "Erase Alpha
Fields" is identical to the "Erase Numeric Field", but applies to
Page 29
THE INTEREST ANALYZER
fields that allow normal text in them. The "Report Date Format"
allows you to choose one of several date formats. The format
selected is used in the reports and illustrations.
Page 30
THE INTEREST ANALYZER
Filing System
The Interest Analyzer provides the capability to save and
retrieve Interest, Amortization, Depreciation and Annuity client
information that you have been working on. To invoke this option,
press the F6 FILER Key from within one of the input screens--this
will bring up a menu. The menu allows you to load saved client
information or save out the existing client information you are
working on. Multiple clients are distinguished by the type of
illustration (interest, amortization, depreciation or annuity)
and the name specified as the client. When saving client
information, if a client by the chosen name already exists, you
will be prompted to either not save or to overwrite the existing
client information. Retrieving client information is simple. A
list of all saved client names will appear. You can scroll
through the client names and by pressing the <Enter> Key, load in
the highlighted client. Saved client information can be marked
for deletion by pressing the F2 (MARK A CASE) Key. This simply
puts a little box to the left of the client name. You can mark as
many as desired for deletion. No client information is deleted
until the F3 (DELETE MARKED CASES) key is pressed. Pressing the
F3 (DELETE MARKED CASES) Key still gives you one more chance to
back out before deletion begins.
Answers To Common Problems
Problem: The reports do not print out correctly on my printer.
Solution: Make sure that the correct printer driver has been
selected. To select a printer driver, you enter the
configuration menu. Select "Printer Selection", then select
"Select A New Printer Default". Choose the appropriate printer.
If your printer is not listed, then it is more than likely
compatible with another printer listed. Almost all printers fall
under one of the following printers: Epson, IBM Graphics Printer
or HP LaserJet II.
Problem: Every time I try to print, the program tells me that my
printer is either off-line or out of paper.
Solution: The program attempts to make sure the printer is okay.
Some networks, spoolers and hardware fool the program into
thinking that the printer is not okay. There is an option in the
program to bypass this printer error checking. You must turn it
on. To turn it on, do the following: Enter the configuration
menu, Select "Printer Selection", then select "Alter Line
Spacing, Margins & Misc". This brings up an entry screen.
Change the "Bypass Printer Check" to a "Y".
Page 31
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P.O. Box 354 Box 34146, 1200 37th St. S.W.
Bountiful, Utah 84011-0354 Calgary, Alberta, T3C 3W2
OR Phone or Fax your Visa or MasterCard order to:
** IN CANADA **
Tel: 801 295-1890 Tel: 403-243-2393
Fax: 801 299-1781 Fax: 403-243-2396
Orders Only: 800-663-1537
** Shipping & Handling ** IN CANADA **
U.S. First Class Mail -- $3.00 Canada Post Commercial -- $4.00
U.S. Priority Mail -- $5.00 Priority Post Next Day -- $9.00
U.S. Air Mail (over seas) -- $5.00
*** Site Licenses with quantity discounts available. Please Call. ***
PRODUCTS.DOC
Insight Software Solutions Product Briefs
THE DEBT ANALYZER
The Debt Analyzer, a financial software package for the IBM PC, is the
perfect tool to help reduce and eliminate debt. Debt reduction can be
illustrated through a loan payment schedule or through loan consolidation.
Up to 20 debts can be handled at one time. The loan payment schedule
displays the payments to be applied to each debt and the balance of each
debt until the balance reaches zero. Minimum payments or current payments
may be used. Additional accelerated payments can be applied. One of nine
debt payoff priority methods can be specified or priorities can be user
specified. For consolidated loans, the term or payment of the loan can be
specified or the sum of all debt payments may be used as the consolidated
loan payment. Professional reports, schedules and summaries can be viewed
on screen, printed or saved to file. Interest savings as well as the number
of months paid off early are shown. All information can be saved and
retrieved for multiple clients.
THE INTEREST ANALYZER
The Interest Analyzer, a financial software package for the IBM PC, comes
complete with a variety of financial tools for calculating Annuities (Sav-
ings, Interest Accumulation), Amortization (Loans, Mortgages), Depreciation,
Immediate Annuities and Calculators for solving for missing values. Each
financial tool contains a variety of options to allow maximum flexibility.
The Interest (Savings) tool allows variable deposit modes, deposits, with-
drawals and interest rates. Professional reports can be generated with
varying detail. Special options are available to illustrate the time value
of compounding and the impact of taxes on savings. The amortization (Loan)
tool allows variable payments, interest rates and compounding methods.
Professional schedules can be generated with varying detail. Special
options are available to illustrate the savings incurred with an early
payoff of a loan and to show tax savings with mortgages. The depreciation
tool allows for a variety of depreciation methods to be illustrated using
different time conventions. The Immediate Annuity tool allows variable
payout modes and compounding methods. Professional schedules are produced.
Professional illustrations and schedules can be viewed on the screen or
sent to a printer. Each financial tool has the ability to save and
retrieve all information entered for multiple clients.
THE MORTGAGE ANALYZER
This is NOT an ORDINARY mortgage program. It includes seven predefined
loan acceleration methods such as bi-weekly, double principal and growing
equity payments plus the ability to set up *ANY* acceleration method con-
ceivable through variable extra payments. Accelerated schedules and/or
summaries can be produced side by side with the original mortgage or by
themselves. Features mortgage comparisons--enter all values for two
complete mortgages. Print, view or save to file complete schedules
and/or summaries for both side by side. The input screen contains Purchase
Price, Down Payment, Duration, Interest Rate, Interest Type (Fixed,
Stepped, Adjustable, Reset), Closing Date, First Payment Date, Points,
Property Tax, Homeowners Insurance, Mortgage Insurance and closing costs.
It calculates payments, points, tax savings, daily interest, interest paid,
interest saved (for acceleration) and complete schedules. Other features
include Qualification Analysis reports for conventional, FHA and VA loans.
Includes solve for missing loan value calculator, loan refinancing,
daily interest and points calculators. Save and restore multiple clients.
THE DEBT ANALYZER - PROGRAM FEATURES
Loan Payment Matrix Consolidated Loan
Up to 20 debts Up to 20 debts
Payments Select Term of Loan
Minimum Payments Select Payment To Make
Current Payments Use Sum of Debt Payments
Accelerated Payments Current Debt Summary
Prioritize Debts Name of Debt
Highest Interest Rate First Loan Balance
Smallest Balance First Number of Months To Pay
Largest Balance First Interst Rate
Smallest Minimum Payment First Interest Paid
Largest Minimum Payment First Total Interest Paid for all
Smallest Current Payment First Debts
Largest Current Payment First Total Interest Saved with
Shortest Term Debt First Consolidation
Largest Term Debt First Consolidated Loan Schedule
User Defined
Debt Payoff Schedule Other Features
Name of Debt Save and Retrieve Multiple
Date To Pay Client Information
Amount To Pay On-line Manual
Remaining Balance On-line Help for each field
Debt Payment Summary Effective Rate Calculator
Name of Debt
Loan Balance Configuration
Payment Schedule Select Own Colors
Number of Months To Pay Select/Modify Printer Driver
Number of Months Saved Up to 3 Permanent Header Lines
Interst Rate Turn off/on Sound Effects
Interest Paid Bypass Logo Screen
Interest Saved Default Report Options
Total Interest Paid for all Debts
Total Interest Saved for all Debts
Reports
Calendar or Fiscal Year
Cumulative or Non Cumulative
Whole Dollars or Exact Cents
18 Date Formats--International Included
View on screen before printing
6 or 8 Lines Per Inch
Top and Left Margin Adjustment
Automatic Bolding of Headers and Totals
Automatic Condensed Print when Needed
IBM Graphic Characters
THE INTEREST ANALYZER - PROGRAM FEATURES
Interest (Savings, Deferred Annuities, CDs, IRAs)
-------------------------------------------------
Deposit Modes: Weekly, Bi-Weekly, Semi-Monthly, Monthly, Quarterly,
Semi-Annual and Annual
Variable Deposits,
Withdrawals &
Interest Rates: Monthly, Quarterly, Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
Report Detail: Monthly, Quarterly, Semi-Annual and Annual on either a
calendar or fiscal year basis
Special Options: Automatic Cost of Living Adjustments to deposits, Side by
side comparisons of: tax and non tax sheltered savings,
different rates and waiting before starting to save.
Depreciation
------------
Methods: Straight Line, Life Periods, Annuity, Sinking Fund,
MACRS (200%), MACRS (150%)
Conventions: Annual, Half-Year and 1st Mid Quarter - 4th Mid Quarter
Amortization (Loans, Mortgages)
-------------------------------
Payments Modes: Monthly, Quarterly, Semi-Annual and Annual
Interest Rates: Monthly, Quarterly, Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
Report Detail: Monthly, Quarterly, Semi-Annual and Annual on either a
calendar or fiscal year basis
Special Options: Side by side comparisons of Recurring Extra Payment,
Variable Payments, Variable Extra Payments, Double
Principal Payments and 13 Payments per year. Balloon
Payments and Tax Savings Analysis for Mortgages.
Immediate Annuities
-------------------
Payout Methods: Weekly, Bi-Weekly, Semi-Monthly, Monthly, Quarterly,
Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
General Features
----------------
Help: On-line manual, easy menu driven, help for each field
View: Complete Illustration on screen
Print: 6 or 8 lines per inch, top and left margin adjustment,
automatic bolding of titles and totals, automatic
condensed print when necessary, use of IBM graphic
characters, and support of virtually any printer via
printer definition tables
Save & Retrieve: Save and retrieve files (cases)
Header Lines: Up to 3 saved header lines plus one Title Line for each
report
Dates: International Date Formats in Reports
Sound effects: Choose off or on
Colors: Choose own
Logo Screen: Choose to see or bypass
Calculators: 4 function calculator, Interest Calculator: Future
Value, Present Value, Solve for Value, Amortization
Calculator: Solve for Missing Loan Value
THE MORTGAGE ANALYZER - PROGRAM FEATURES
Amortization Features Reports & Schedules
Interest Rates Qualification Analysis
Fixed, Stepped Amortization Summaries
Adjustable, Reset Amortization Schedules
Early Payoffs Yearly or Monthly
Recurring Extra Payment Calendar or Fiscal Year
Variable Extra Payment Cumulative or Non Cumulative
Variable Payment Whole Dollars or Exact Cents
Double Principal Payment Two Loans Side by Side Comparison
13 Monthly Payments Standalone Early Payoff
26 Half Month Payments Side by Side Early Payoff Comparison
52 Quarter Month Payments International Date Formats
Growing Equity Payments View on screen before printing
Tax Savings Analysis 6 or 8 Lines Per Inch
Comparison of Two Separate Loans Top and Left Margin Adjustment
Balloon Mortgages Automatic Bolding of Headers and Totals
Points Automatic Condensed Print when Necessary
Daily Interest IBM Graphic Characters
Closing Costs
Mortgage Insurance Other Features
Homeowners Insurance Qualification Analysis
Property Tax Calculators
4 Function
Configuration Solve for Mortgage Value
Select Own Colors Loan Refinance
Select/Modify Printer Driver Points
Up to 3 Permanent Header Lines Daily Interest
Turn off/on Sound Effects Save and Retrieve Client Information
Bypass Logo Screen On-line Manual
Default Report Options On-line Help for each field
FOR MORE INFORMATION CONTACT:
Insight Software Solutions
P.O. Box 354
Bountiful, UT 84011-0354
Phone: 801 295-1890
Fax: 801 299-1781
BBS: 801 963-8721 (Join Conference #4)
CIS: [71672,3464]
In Canada Contact:
US-CAN Computer Services Inc.
Box 34146, 1200 - 37th STREET S.W.
Calgary, Alberta, T3C 3W2
Phone: 403 243-2393
Fax: 403 243-2396
Orders Only: 1-800-663-1537
Internet: Barry.Dufresne@T8000.CUC.AB.CA
VENDOR.DOC
Insight Software Solutions Shareware Programs -- VENDOR INFORMATION
Introduction
The files on this diskette are the latest versions of several DOS programs
from Insight Software Solutions. These files replace all previous versions
of the same programs.
Copyright Information
All Insight Software Solutions programs, shareware and commercial, are
protected under the copyright laws of the United States and foreign
countries. All rights are reserved to Insight Software Solutions. Violations
of copyright laws are investigated by the FBI. Distribution of Insight
Software Solutions products implies that you have read and agreed to the
distribution terms described below. Insight Software Solutions makes test
orders from time to time to verify compliance with its distribution terms.
Distributor Information and License Information
The license information and distribution requirements in this document
supersede all previous license statements. To continue to distribute
Insight Software Solutions products, you must adhere to the licensing
and distribution requirements below.
If you are a mail order or BBS-type distributor of shareware software, you
may distribute these programs as they are, without any changes other than
expanding files contained in the ZIP archives. However, you have a
responsibility to check from time to time, at a minimum interval of 6
months, for new versions of these programs, and to update your copies in a
timely manner. Insight Software Solutions will gladly send you a diskette
containing the current versions on request, or you may download current
versions from the Insight Software Solutions Support BBS at the number
listed below.
You may not distribute any Insight Software Solutions programs as part of
any commercial program or in conjunction with any collection of software
of any kind without express written permission from Insight Software
Solutions. Special licenses are required for any bundling of Insight
Software Solutions products, whether shareware or commercial, with any other
software or hardware. This does not prohibit including Insight Software
Solutions programs on individual disks containing other, clearly identified,
shareware programs.
You must fully identify all Insight Software Solutions programs in your
advertising, by the program's full name and version, and indicate the
registration fee in the program description. The words Insight Software
Solutions must appear in all program descriptions.
Within 30 days of the receipt of this disk, you must replace all older
versions of all programs contained on this disk. You may not distribute
older versions of Insight Software Solutions programs under any
circumstances after that period. Please check your catalog for previous
versions of these programs and replace them with the current version.
Shareware Disclosure Required
All advertising and packaging information including references to Insight
Software Solutions products must contain a statement explaining the
shareware concept. Specifically, that statement must explain that shareware
software MUST be registered by the user, after a trial period, by paying
a registration fee, and that all monies paid for the shareware version are
duplication and distribution charges only. The declaration specified by
the Association of Shareware Professionals is a good model. All such
statements must be clearly displayed in a position where they are likely
to be read by potential customers.
Retail Rack and CD-ROM Distribution
If you distribute shareware in a retail setting in racks, store displays,
vending machines, at computer fairs, or in any way other than normal BBS
or catalog-based sales, you must contact Insight Software Solutions for
permission to distribute any Insight Software Solutions program. Rack or
retail-like sales require a special distribution license, normally requiring
royalties paid to Insight Software Solutions. If you distribute shareware
on CD-ROM disks, you must also contact Insight Software Solutions before
including any Insight Software Solutions shareware program on a CD-ROM disk.
Normally, permission is granted, but current versions must be included and
all old versions of any Insight Software Solutions program removed from any
CD-ROM disk containing Insight Software Solutions products.
PROGRAM DESCRIPTIONS
You can find descriptions of all programs on this disk in the PRODUCTS.DOC
or README files, and in the brochure enclosed. You may use these
descriptions, editing them to the length required for your marketing
efforts. However, you MUST include the word Insight Software Solutions,
the program name, version number, and system requirements information with
all descriptions to avoid customer confusion.
Contacting Insight Software Solutions
You may contact Insight Software Solutions at any of the following locations:
Insight Software Solutions
P.O. Box 354
Bountiful, UT 84011-0354
Tel: (801) 295-1890
Fax: (801) 299-1781
BBS: (801) 963-8721 1200-38400 baud, 8/N/1
(Rocky Mountain Software BBS - Join Conference #4)
CompuServe ID: 71672,3464
MORT.DOC
The
Mortgage
Analyzer
A Mortgage Software Tool
for
Qualification
Amortization
Refinancing
Mortgage Comparison
Mortgage Acceleration
Copyright 1992-93 Insight Software Solutions
THE MORTGAGE ANALYZER
TABLE OF CONTENTS
Program Overview . . . . . . . . . . . . . . . . . . . . . . 3
General Information . . . . . . . . . . . . . . . . . . . . . 4
Disclaimer . . . . . . . . . . . . . . . . . . . . . . . 4
About Insight Software Solutions . . . . . . . . . . . . 4
Contents of Distribution Disk . . . . . . . . . . . . . 4
Program Support . . . . . . . . . . . . . . . . . . . . 5
Getting Started With the Mortgage Analyzer . . . . . . . . . 6
System Requirements . . . . . . . . . . . . . . . . . . 6
Installation . . . . . . . . . . . . . . . . . . . . . . 6
Running The Mortgage Analyzer . . . . . . . . . . . . . 6
Screen Layout In The Mortgage Analyzer . . . . . . . . . . . 7
Common Screen Lines . . . . . . . . . . . . . . . . . . 7
Menu Screens . . . . . . . . . . . . . . . . . . . . . . 7
Data Input Screens . . . . . . . . . . . . . . . . . . . 7
Data View Screens . . . . . . . . . . . . . . . . . . . 7
Moving Around In The Mortgage Analyzer . . . . . . . . . . . 8
Menu System . . . . . . . . . . . . . . . . . . . . . . 8
Moving Field to Field . . . . . . . . . . . . . . . . . 8
Editing Within a Field . . . . . . . . . . . . . . . . . 9
Special Fixed Fields . . . . . . . . . . . . . . . . . . 9
Special Function Keys . . . . . . . . . . . . . . . . . 9
Loan Qualification . . . . . . . . . . . . . . . . . . . . 11
Qualification Inputs . . . . . . . . . . . . . . . . . 11
Qualification Function Keys . . . . . . . . . . . . . 12
Amortization Schedules . . . . . . . . . . . . . . . . . . 14
Amortization Inputs . . . . . . . . . . . . . . . . . 14
Amortization Function Keys . . . . . . . . . . . . . . 18
Print Schedule/Summary . . . . . . . . . . . . . . . . . . 20
Print Schedule/Summary Inputs . . . . . . . . . . . . 20
Print Schedule/Summary Function Keys . . . . . . . . . 21
Quick Calculator . . . . . . . . . . . . . . . . . . . . . 22
Four Function Calculator . . . . . . . . . . . . . . . 22
Solve For Missing Loan Value Calculator . . . . . . . 22
Points Calculator . . . . . . . . . . . . . . . . . . 22
Daily Interest Calculator . . . . . . . . . . . . . . 23
Loan Refinancing Calculator . . . . . . . . . . . . . 23
Page 1
THE MORTGAGE ANALYZER
On-line User Manual . . . . . . . . . . . . . . . . . . . . 24
Configuration . . . . . . . . . . . . . . . . . . . . . . . 25
Color Attribute Selection . . . . . . . . . . . . . . 25
Printer Selection . . . . . . . . . . . . . . . . . . 26
Schedule Printing Defaults . . . . . . . . . . . . . . 28
Miscellaneous Selection . . . . . . . . . . . . . . . 28
Filing System . . . . . . . . . . . . . . . . . . . . . . . 29
Answers To Common Problems . . . . . . . . . . . . . . . . 29
Page 2
THE MORTGAGE ANALYZER
Program Overview
The Mortgage Analyzer
The Mortgage Analyzer is a financial software program designed
with ease and flexibility in mind. It comes complete with a
variety of mortgage options for calculating and producing
mortgage amortization schedules, loan qualification, payoff time
for refinancing, and a group of mortgage related calculators.
Each area contains a variety of options to allow maximum
flexibility.
A variety of different mortgage types are supported such as Fixed
Rate, Adjustable Rate (ARM), Stepped Rate and Reset Rates. Early
payoffs of mortgages are supported with options like Recurring
Extra Payment, Balloon Payment, Variable Extra Payment, Double
Principal Payment, Growing Equity Payment, 52 Quarter Month
Payments per year, 26 Half Month Payments per Year (Bi-Weekly),
13 Monthly Payments per Year and Variable Payments. Tax Savings
Analysis on the mortgage is also available. Two complete
mortgages can be illustrated side by side with one or all items
of information varied. The Mortgage Analyzer accounts for all
expenses associated with Mortgages such as Points, Down Payment,
Daily Interest and Other Closing Costs. Complete schedules
and/or summaries are produced.
Calculators provided are: a Four Function Calculator, a Solve
For Missing Loan Value Calculator, a Points Calculator, a Daily
Interest Calculator, and a Refinance Payback Calculator.
Schedules and reports can be viewed on the screen or sent to a
printer. The Mortgage Analyzer is a menu driven program that also
contains an on-line manual and individual help for each input to
allow the user to easily navigate and understand the program.
Client names can be entered and included in the schedules; all
information can be saved and retrieved for multiple clients. The
Mortgage Analyzer provides several miscellaneous configuration
options for setting the program up to individual needs.
Page 3
THE MORTGAGE ANALYZER
General Information
Disclaimer
Insight Software Solutions makes no warranties or representations
of any kind, expressed or implied, including any implied
warranties of merchantability and fitness for any particular
purpose. Insight Software Solutions shall not be liable for any
errors contained herein or for any loss of profit or for
incidental or consequential damages or for any other damages.
About Insight Software Solutions
Insight Software Solutions is located in Bountiful, Utah. Please
send any inquiries, questions, suggestions or comments to the
following address:
INSIGHT SOFTWARE SOLUTIONS Tel: (801) 295-1890
P.O. BOX 354 Fax: (801) 299-1781
BOUNTIFUL, UT 84011-0354 BBS: (801) 963-8721
CIS: [71672,3464]
In Canada Contact:
US-CAN COMPUTER SERVICES INC. Tel: (403) 243-2393
BOX 34146, 1200 37TH ST. S.W. Fax: (403) 243-2396
CALGARY, ALBERTA T3C 3W2 Orders Only: 1-800-663-1537
Internet: BARRY.DUFRESNE@T8000.CUC.AB.CA
Contents of Distribution Disk
The Mortgage Analyzer diskette contains several files which are
needed for optimal performance. Their names and functions are
listed below.
MORT.EXE This is the main executable program.
MORT.CFG This contains program configuration information
such as screen color and printer selections. This
file is automatically created if not found.
MORT.PTR This contains printer definitions for a variety of
printers.
MORT.DOC This is the User Manual for The Mortgage Analyzer.
MORT.BAT This is a start up batch file for hard disks.
INSTALL.EXE This copies the program to a hard disk.
MORT.DAT This contains all saved client information.
Page 4
THE MORTGAGE ANALYZER
Program Support
Once registered, you will receive notification of major updates
and new products. Registration includes a 90 day support policy
where free updates will be provided for major problems. If a
problem cannot be resolved, then a refund of money will be made.
Insight Software Solutions offers support through the mail,
phone, fax, BBS and CIS. Please refer to the address and phone
numbers on the previous page. Our official support BBS is the
Rocky Mountain Software BBS (RMS). RMS can be reached 24 hours a
day at (801) 963-8721 where a conference dedicated to us can be
found. Our latest software products and versions, bulletins, news
and message system are located on RMS under conference #4. RMS
accepts modem baud rates of 1200 to 38400.
Insight Software Solutions is a member of
the Association of Shareware Professionals
(ASP). ASP wants to make sure that the
shareware principal works for you. If you
are unable to resolve a shareware related
problem with an ASP member by contacting
the member directly, ASP may be able to
help. The ASP Ombudsman can help you
resolve a dispute or problem with an ASP
member, but does not provide technical
support for members' products. Please write
to the ASP Ombudsman at 545 Grover Road,
Muskegon, MI 49442 or send a CompuServe
message via CompuServe Mail to ASP
Ombudsman 70007.3536.
Page 5
THE MORTGAGE ANALYZER
Getting Started With the Mortgage Analyzer
System Requirements
The Mortgage Analyzer is almost hardware independent. It will run
on most PC systems. The minimum requirements are as follows:
IBM type PC, XT, AT or PS/2 (or compatible)
512K Ram
Dos 2.0 or higher
any monochrome, color, or composite monitor
virtually any printer that supports condensed printing
Installation
The Mortgage Analyzer may be run from either a floppy or hard
disk. There are no special installation procedures to set up the
program. To load the program onto a hard disk, simply copy the
contents of the floppy diskette onto the hard disk. We recommend
that it be placed into its own subdirectory. An installation
program called INSTALL.EXE is provided to assist you in the
installation of the program on a hard drive. From the A> prompt,
simply type "INSTALL". This will prompt you through the
installation process.
Running The Mortgage Analyzer
To run The Mortgage Analyzer, simply type "MORT". This can be
done from the floppy disk or from a hard drive if you used the
provided installation procedure.
Page 6
THE MORTGAGE ANALYZER
Screen Layout In The Mortgage Analyzer
Common Screen Lines
There are several common screen lines found in The Mortgage
Analyzer. This includes the first, second, twenty-third, twenty-
fourth, and twenty-fifth lines. The first line contains the
current date and time as specified by DOS; it also contains the
copyright notice of INSIGHT SOFTWARE SOLUTIONS. The second line
is part of the box surrounding the user work area; it generally
contains a centered title describing the function of the current
screen. The twenty-third line is the status line--it shows the
status of the Help, Caps, Scroll Lock, Num Lock, and Insert keys.
The twenty-fourth line is the prompt line. It indicates what you
are supposed to do for a given input field. The twenty-fifth line
is the Function Keys Status line. It shows what Function Keys
(F1, F2, ...) are available for use and what their particular
functions are.
Menu Screens
Menu Screens appear as a list of numbered items. A movable
highlight bar indicates the current menu selection.
Data Input Screens
Data Input Screens contain fields or areas which can be changed.
These fields are generally preceded by a label indicating what
type of value is needed for the field.
Data View Screens
Data View Screens contain scrollable text for your viewing. Where
applicable, the text can be scrolled up and down and left and
right. Indications of the current location in the text are given
on the left side of the status line.
Page 7
THE MORTGAGE ANALYZER
Moving Around In The Mortgage Analyzer
Menu System
Menus appear as a list of numbered options. To select the option
desired, press the associated number. An alternate method of
selection is to use the arrow keys along with the <Enter> key.
One option is always highlighted and indicates the current
option. To change the current option, press the UP and DOWN arrow
keys to move the highlight bar. Once the desired option is
highlighted, press the <Enter> key to make the selection.
Moving Field to Field
Moving from one field to another field can be accomplished by
many different keystrokes. Listed below is a summary of the
keystrokes available and the functions they perform.
ENTER KEY: Moves the cursor to the next logical field.
RIGHT ARROW KEY: If the cursor is on the last editing character
of the field, this key moves the cursor to the right of the
current field.
LEFT ARROW KEY: If the cursor is on the first character of the
field, this key moves the cursor to the field to the left of the
current field.
DOWN ARROW KEY: Moves the cursor to the field below the current
field.
UP ARROW KEY: Moves the cursor to the field above the current
field.
PAGE DOWN KEY: Moves the cursor to the last field on the screen.
PAGE UP KEY: Moves the cursor to the first field on the screen.
TAB KEY: Moves the cursor to the next logical field.
TAB LEFT KEY: Moves the cursor to the previous logical field.
<CTRL> RIGHT ARROW KEY: Moves the cursor to the field to the
right of the current field.
<CTRL> LEFT ARROW KEY: Moves the cursor to the field to the left
of the current field.
Page 8
THE MORTGAGE ANALYZER
Editing Within a Field
Editing within a field can be accomplished with many different
keystrokes. Listed below is a summary of the keystrokes available
and the functions they perform.
RIGHT ARROW KEY: Moves the cursor one character to the right.
LEFT ARROW KEY: Moves the cursor one character to the left.
HOME KEY: Moves the cursor to the beginning of the field.
END KEY: Moves the cursor to the last character in the field.
BACKSPACE KEY: Moves the cursor to the left one character and
erases that character and shifts all trailing characters to the
left one space.
INSERT KEY: Toggles between insert mode and typeover mode.
DELETE KEY: Erases the character under the cursor and shifts all
trailing characters to the left one space.
ALPHA/NUMERIC KEY: Outputs the character where the cursor is and
moves the cursor over to the right, one space. If insert mode is
on, then all trailing characters are moved to the right, one
space.
Special Fixed Fields
There are certain fields which have fixed values. When the cursor
is moved to these fields, a window of choices appears. Each
choice has either an associated number or letter next to it.
Pressing the associated number or letter automatically makes the
desired selection and moves the choice into the input field.
Special Function Keys
There are a number of special function keys which perform a
variety of tasks. These keys are as follows.
<ESC> KEY: This key always takes you back one level from where
ever you are. For example: if you enter a screen from a menu,
then the <Esc> key will take you back to that menu.
<F1> KEY: This key is the help key. It toggles off and on
whether help messages should be shown with each input.
Page 9
THE MORTGAGE ANALYZER
<F2>..<F10> KEYS: These other function keys may or may not be
active and have different functions in different parts of the
program. Brief explanations of what these keys do are displayed
on the screen in the Function Key line. Detailed information is
given under the documentation of each particular screen as to
which Function Keys are active and what their function is.
Page 10
THE MORTGAGE ANALYZER
Loan Qualification
Qualification Inputs
There are 17 different Qualification input fields. They are as
follows:
TITLE: This field is a title line printed on the top of the
report. This uses a line on the report only if something is
entered; therefore, you can fit more of the report on a page if
the title is left blank.
PRODUCED FOR: This field is for personalizing the report. This
uses a line on the report only if something is entered;
therefore, you can fit more of the report on a page if this is
left blank. Please note that if you are saving and restoring
client information, that the filer system distinguishes
information by this name; therefore, you should specify a name
when saving clients.
PRODUCED BY: This is for personalizing the report. This uses a
line on the report only if something is entered; therefore, you
can fit more of the report on a page if this is left blank.
MORTGAGE TYPE: This is the type of loan you want to qualify for.
This can be a Conventional Loan with a fixed interest rate, a
Conventional ARM Loan whith an adjustible interest rate, an FHA
Loan (Federal Housing Administration) or a VA Loan (Veterans
Administration). It is more difficult to qualify for a
conventional loan. Lenders usually prefer ARMs making it easier
to qualify for them. FHA and VA loans have less stringent
qualification ratios.
PURCHASE PRICE: The price of the home you want to buy. If you
are refinancing, then enter the approximate value.
DESIRED MORTGAGE: The amount you want to finance--it is the
purchase price minus any down payment.
YEARS IN MORTGAGE: The number of years in the mortgage
(typically 15 or 30 years).
INTEREST RATE: The interest rate on the mortgage. If you plan on
using an ARM (Adjustable Rate Mortgage) or a Stepped Rate
Mortgage or Buydowns, then enter the initial interest rate.
PROPERTY TAXES: Your estimated annual real estate taxes. Be sure
to enter the annual amount--the computer will automatically
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figure out the monthly amount.
HOME INSURANCE: Your estimated annual homeowners insurance
amount. Be sure to enter the annual amount--the computer will
automatically figure out the monthly amount.
MORTGAGE INSURANCE: This is your estimated Mortgage Insurance.
You may press the F2 Estimate Mortgage Ins Key to have it
estimated for you. Typically, the Mortgage Insurance is based on
your Loan-to-Value Ratio. The Loan-to-Value Ratio is the amount
of the loan divided by the value of the house. For example:
Mortgage = 90,000 and Purchase Price = 100,000 then Loan-to-Value
= 90% or 90,000 / 100,000. Typically, if the Loan-to-Value ratio
is 80% or less, then no Mortgage Insurance is needed. At 90%, the
Mortgage Insurance is usually around 0.30% of the loan amount.
Above 90%, it is usually around 0.44%.
ASSOCIATION DUES: This is any condominium or homeowner
association dues you may have. This amount only applies to
condominiums or homes which have shared common areas.
GROSS MONTHLY INCOME: This is the total of all your income. This
amount should include salaries, bonuses, commissions, interest,
dividends, etc. This is your monthly income. If you know your
gross annual income, then divide it by twelve. Last year's income
tax return may be helpful.
CAR PAYMENTS: This is your monthly car payment if you have one.
If you have less than ten car payments left, then this is usually
not required.
ALIMONY/CHILD SUPPORT: This is any alimony or child support
payments you make each month.
CREDIT CARD PAYMENTS: This amount is the total of all the
minimum payments for your credit card accounts.
OTHER LOAN PAYMENTS: This is the total monthly payment of all
other loans you may have. This may include other mortgages,
student loans, personal loans, etc.
Qualification Function Keys
F4 KEY (VIEW/PRINT): This function produces a Qualification
Analysis Report and displays it in a window on the screen. Once
in the window, the report can be scrolled within the window
vertically and horizontally by use of the arrow, PgUp, PgDn, Home
and End keys; it can also be sent to the printer by use of the F2
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Key (Print). The viewed report is identical to what the printed
report will look like with the exception that the printed report
may use condensed and bold print.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
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Amortization Schedules
Amortization Inputs
There are up to 16 different Amortization Inputs depending on the
Amortization Illustration chosen. They are as follows:
TITLE: See "title" under Qualification Inputs.
PRODUCED FOR: See "produced for" name under Qualification
Inputs.
PRODUCED BY: See "produced by" under Qualification Inputs.
SPECIAL OPTIONS: This feature consists of eleven choices which
are as follows: None, Recurring Extra Payment, Variable Extra
Payment, Double Principal Payment, Variable Payment, 13 Monthly
Payments Per Year, 26 Half Month Payments Per Year, 52 Quarter
Month Payments Per Year, Growing Equity Payments, Balloon Payment
and Mortgage Comparison.
None is for producing a basic amortization schedule.
Recurring Extra Payment option adds the ability to specify a
constant extra amount payable towards the principal each month.
Variable Extra Payment option adds the ability to specify a
different amount each month of extra money to be paid towards
principal.
Double Principal Payment option displays what doubling the
principal payment each month does to the loan (it cuts the loan
period almost in half).
Variable Payment option adds the flexibility to specify whatever
payments you would like for every month of the mortgage.
13 Monthly Payments Per Year option allows you to specify a month
where two normal payments will be made (typically reduces a 30
year mortgage to 21 years).
26 Half Month Payments Per Year option allows you to specify two
months where three half payments will be made (typically
reduces a 30 year mortgage to 21 years).
52 Quarter Payments Per Year option allows you to specify four
months where five quarter payments will be made (typically
reduces a 30 year mortgage to 21 years)
Growing Equity Payments Option allows you to specify a percentage
that the mortgage payment is to go up each year. The extra
money goes towards the principal and accelerates the loan.
Balloon Payment option adds the ability to show the loan for a
short period of time and then what one final payment would be
to pay off the loan.
Mortgage Comparison Option allows two complete and separate
mortgages to be compared side by side. Typically, this would be
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used to compare two similar loans to see how a slight change
impacts the loan.
COMPARISON: A comparison will produce a pair of schedules side
by side. The first schedule will be the standard mortgage
schedule. The second schedule will illustrate the results of the
special option. For example: if using the Recurring Extra Payment
option, the second schedule would illustrate the effect of paying
a constant extra payment towards the loan.
TAX ANALYSIS: This allows you to have a tax savings analysis
done on your mortgage. This is based on using Itemized Deductions
in the current U.S. tax code. Additional columns appear on the
schedule indicating the potential tax savings. If a special
option comparison is selected, then the tax savings will be based
on the special option side of the comparison. Due to column
limitations, the tax analysis is unavailable for the special
option of Mortgage Comparison.
TAX BRACKET: This field only appears if Tax Analysis has been
selected. This is the tax bracket of the person who is obtaining
the mortgage. This will illustrate the portion of the payments
that can be returned or saved through declaring the mortgage as a
deduction on the individual's taxes.
PURCHASE PRICE: The price of the home you want to buy.
DOWN PAYMENT: The down payment you plan to make on the loan.
This does not include any points, closing costs, etc.
MONTHS IN MORTGAGE: The number of months that payments will be
made. This is typically 360 (30 years) or 180 (15 years).
INTEREST TYPE: This provides for four common mortgage interest
rate methods. They are FIXED, STEPPED, ADJUSTABLE and RESET. A
fixed rate uses the same interest rate throughout the entire
length of the mortgage. A stepped rate mortgage typically starts
the interest rate out below the prevailing rates and over a
period of a few years, rises each year until it peaks and levels
off. An adjustable rate mortgage (ARM) allows the interest rate
to be adjusted each and every month. The rate typically goes up
or down, depending on the prevailing mortgage rates during a
given month. A reset rate allows two different interest rates on
the mortgage; the first is a lower rate and lasts for usually 5
or 7 years, then the second rate takes over and remains until the
completion of the loan.
INTEREST RATE: This is the interest of the loan. For STEPPED,
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ADJUSTABLE and RESET types of rates, you may press the F2
INTEREST key to enter additional rates.
CLOSING DATE: This is the date that you close on the house.
Closing is the process of "signing the papers". Daily interest is
calculated and applied to the closing costs based on the
difference in days between the closing date and the origination
date of the loan. The closing date is the date that the papers
are signed and the origination date is the date that the loan
actually starts.
FIRST PAYMENT DATE: This is the date that the first payment is
due. It is the date upon which the loan schedule is created. All
payments are based upon this date--it should not be less than a
month after the closing date or more than 2 months after the
closing date.
POINTS: The points should include those for the Loan Origination
Fee and any Discount Points. 1 POINT is equal to 1 percent of
your loan. For example: 2 points on a $100,000 loan would be
$2,000. Most lenders charge a Loan Origination Fee in points. To
receive a lower interest rate on your mortgage, you can pay
points to the lender. It is the concept of buying down your
interest rate. You pay more money up front so you pay less all
the way along. If you do not plan to stay in your house for a
long period of time, then it is generally not wise to buy down
your interest rate very far.
PROPERTY TAX: This is your annual real estate tax assessment.
Assessments are usually between 0.75% to 2.0% of a home's value.
HOMEOWNERS INS: This is your yearly homeowners insurance
premium.
CLOSING COSTS: This is the amount of money to be paid to close
on your house. This amount should include such items as:
Appraisal, Credit Report, Inspection Fee, Documentation Fee,
Attorney's Fees, Title Insurance, Transfer Tax, Recording Tax,
Survey and Termite Inspection. DO NOT include the following: Loan
Origination Fee, Discount Points, Odd Days' Interest, Mortgage
Insurance, Homeowner's Insurance and Real Estate Taxes. These are
all accounted for elsewhere.
MRTGE DEFAULT INS: This is the Mortgage Default Insurance. It
insures the lender against default and foreclosure. This is
typically charged on FHA loans as a front end premium. Most
conventional loans require this insurance if the loan-to-value
ratio is greater than 80%. Annual renewal insurance is a premium
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which is added each year based on a percentage of the outstanding
loan; this is typically between 0.4% and 0.8%. Many times this
premium will be dropped once the loan value ratio drops to around
70 to 80 percent.
PREMIUM/PERCENT: This field appears if a Mortgage Default
Insurance is selected. If the "Front End Premium" is chosen, then
this is the premium which is paid up front to cover the Mortgage
Default Insurance. If the "Annual Renewal Insurance" is chosen,
then this is a yearly premium based on a percentage of the
remaining balance of the loan; this is usually between 0.4% and
0.8%.
PERCENT STOP: This field appears only if the "Annual Renewal
Insurance" has been selected as the type of Mortgage Default
Insurance--it is the loan value ratio when the mortgage default
insurance is to drop off. This is usually around 70% to 80%.
POINTS TAX DEDUCT: This determines when and if any tax deduction
is allowed on the points paid. The points are typically fully
deductible the first year on a first home. The points are
typically deductible over the life of the loan on a second home.
It is unusual for points not to be deductible.
EXTRA PAYMENT: This field appears only with the special option
of Recurring Extra Payment or Variable Extra Payment. This is an
additional amount of money which is to be applied to the
principal of the loan each month--it accelerates the mortgage and
pays it off early. For Variable Extra Payments, the F2 PAYMENTS
Key is available to add different payments.
VARIABLE AMOUNT: This field appears only with the special option
of Variable Payment. The monthly payment is normally determined
by amortizing the original principal at the given interest rate
for a given duration. The Variable Payment field, however, lets
you override the monthly payment amount. You can specify whatever
amount you want to pay towards the loan. This option allows total
flexibility in the amounts you wish to pay towards your loan. A
notation to the right of the periodic payment will indicate
either flat payments or variable payments. "Flat Payments" means
that the monthly payment shown is for every single month during
the term of the mortgage. "Variable Payments" means that it has
been specified at some point to use a different monthly payment.
Variable payments are made possible through the F2 PAYMENTS
function key.
MNTH UNTIL BALLOON: This field appears only with the special
option of Balloon Payment. It allows the number of months to be
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specified before the balloon payment is to be made.
EXTRA PAYMENT MNTH: This field appears only with the special
option of 13 Payments per year. When this option is selected,
there are 13 payments made a year. One month of the year will
have an extra payment made. This field is to specify the month
that will have the extra payment.
3 PAYMENT MONTH: This field appears only with the special option
of 26 Bi-Weekly Payments. When this option is selected, there are
26 half-payments made a year. Two months of the year will have 3
payments made and the rest will have 2 payments made. This field
is to specify one of the months that will have an extra payment
(3 payments). The other month to have 3 payments is computed
automatically at 6 months from the month chosen here.
5 PAYMENT MONTH: This field appears only with the special option
of 52 Weekly Payments. When this option is selected, there are 52
quarter-month payments made in a year. Four months of the year
will have 5 payments made and the rest will have 4 payments made.
This field is to specify one of the months that will have an
extra payment (5 payments). The other months to have 5 payments
are computed automatically at 3 month intervals from the month
chosen here.
PAYMT GROWTH RATE: This field appears only with the special
option of Growing Equity Payments. The Payment Growth Rate is the
percentage at which to increase the monthly payment each year. By
increasing the payments each year, your payment can go up with
increases in salary, etc; the extra money goes towards principal
and pays off the loan early. A 4% yearly increase will pay a
typical 30 year loan off in 15 years.
Amortization Function Keys
F2 KEY (PAYMENTS): This function key is available only if the
special option of Variable Extra Payment or Variable Payments has
been selected and the cursor is on the Extra Payment or Variable
Payment field. This pops up another screen which allows up to 100
payment inputs. Each payment is numbered. New function keys
appear, indicating how to change payments above 100. There will
be enough inputs and function keys to cover the duration
specified for the mortgage. By this method, you may enter in
different payments for the entire span of the mortgage. The new
F2 key (DUP) will duplicate the previous value and advance the
cursor--this allows easy duplication of payments without having
to rekey them.
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F2 KEY (INTEREST): This function key is available only if the
Interest Type selected is Stepped, Adjustable or Reset and the
cursor is in the Interest Rate field. For the Stepped Rate, this
pops up another screen which allows you to enter an interest rate
for each year in the mortgage. For the Adjustable Rate, this pops
up another screen which allows up to 120 interest rate inputs.
Each interest rate is numbered. By this method, you may enter
different interest rates for each month of the mortgage. The new
F2 key (DUP) will duplicate the previous value and advance the
cursor--this allows easy duplication of interest rates without
having to rekey them. For the Reset Rate, this pops up another
screen which allows you to enter two interest rates and the year
when the second rate takes over.
F4 KEY (VIEW/PRINT): This brings up the Print Schedule/Summary
Menu. This menu allows for several options on how your schedule
is to appear. Please refer to the section on this menu for more
information.
F5 KEY (SUMMARY): This function calculates the mortgage and
produces a summary page of all mortgage information selected.
F9 KEY (QUICK CALC): This simply pops up the quick calculator.
See the documentation about the quick calculator for usage.
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Print Schedule/Summary
Print Schedule/Summary Inputs
The Print Schedule/Summary screen allows for a variety of options
which affect the way the schedule and summary are to be printed.
The fields are listed below with their respective functions.
PRINT DESTINATION: This function allows you to specify where the
schedule is to be sent--it can be sent to the screen or the
printer. The schedule appears on the screen as it will appear
when it is printed. When viewing the schedule or summary on the
screen, function keys are available to send the schedule or
summary directly to the printer without having to come back and
change the print destination to the printer.
SCHEDULE DETAIL: This specifies the schedule detail--it allows
you to show each and every month or to view yearly results.
YEARLY BASIS: This function allows you to select how the
cumulative totals of the schedule are to be displayed. They can
be displayed on either a calendar or fiscal year basis. A fiscal
year basis displays the totals at exact yearly intervals. For
example, a loan paid monthly which starts in March would show
totals each March. If a calendar basis is chosen, totals would be
shown at the end of each calendar year. For example, a loan which
starts in April would show totals each December or end of the
year.
CUMULATIVE VALUES: This allows you to show each line of values
as cumulative totals from all previous years or months in the
schedule.
CUMULATIVE TOTALS: This field only applies if you are using a
monthly schedule and you are not using cumulative values.
Selecting "Yes" here will show the totals after each year as a
cumulative total. Selecting "No" will show the totals for each
individual year.
DOLLAR VALUES: This function specifies the use of dollar values
in the schedule. If "no" is selected, cents appear in the
figures. You would normally use dollar values if you prefer
working with whole numbers or if you are working with a very
large mortgage where the numbers start to merge when showing the
cents.
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DATE FORMAT: This specifies the format in which the dates will
appear in a report. For example, a date of October 23, 1992 would
appear as follows:
MM/DD/YY = 10/23/92 DD/MM/YYYY = 23/10/1992
MM-DD-YY = 10-23-92 DD-MM-YYYY = 23-10-1992
MM.DD.YY = 10.23.92 DD.MM.YYYY = 23.10.1992
MM/DD/YYYY = 10/23/1992 YY-MM-DD = 92-10-23
MM-DD-YYYY = 10-23-1992 YY.MM.DD = 92.10.23
MM.DD.YYYY = 10.23.1992 YYYY-MM-DD = 1992-10-23
DD/MM/YY = 23/10/92 YYYY.MM.DD = 1992.10.23
DD-MM-YY = 23-10-92 MMM YYYY = Oct 1992
DD.MM.YY = 23.10.92 DD MMM YY = 23 Oct 92
PAGES TO PRINT: This function allows you to specify what part of
the report you would like to view or print. You may choose either
the schedule, summary or both. The summary can be viewed directly
form the main Amortization Input screen by use of the F5 KEY.
Print Schedule/Summary Function Keys
F4 KEY (START PRINT): This function starts the actual printing
of the schedule or summary. Based on the print destination, it
either sends the schedule to the screen or the printer.
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Quick Calculator
The Quick Calculator can be selected as option three from the
main menu or by the F9 (QCALC) Key from one of the input screens.
This option is used to calculate a variety of mortgage
calculations and for simple math functions. The Quick Calculator
contains its own menu. You can select a loan value to solve for,
a four function calculator or a specific mortgage related
calculator.
Four Function Calculator
The four function calculator simply allows you to type in numbers
and add, subtract, multiply, and divide them. The result is
displayed and can then be used as one of the next numbers in a
calculation.
Solve For Missing Loan Value Calculator
This feature consists of four "solve for values". By selecting
one of these values to solve for, inputs appear which you must
enter to solve for the selected value. These values and inputs
are listed below.
PRINCIPAL: Allows you to solve for the principal amount of a
loan when given the monthly payment, duration and interest rate.
PAYMENT: Allows you to solve for the monthly payment of a loan
when given the principal amount, duration and interest rate.
DURATION: Allows you to solve for the duration of a loan when
given the principal amount, monthly payment and interest rate.
INTEREST RATE: Allows you to solve for the interest rate of a
loan when given the principal amount, monthly payment and
duration.
Points Calculator
The points calculator simply calculates the amount of money that
the points will cost based on the loan amount. The fields are
listed below. Pressing the F2 KEY will calculate the value of the
points.
PRINCIPAL: The loan amount.
POINTS: The number of points that are to be applied to the loan
amount.
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Daily Interest Calculator
The daily interest calculator simply calculates the amount of
daily interest to be paid on a given loan. The fields are listed
below. Pressing the F2 KEY will calculate the amount of daily
interest.
LOAN AMOUNT: The amount of the loan.
INTEREST RATE: The interest rate of the loan.
DAYS: The number of days for which to calculate interest on the
loan.
Loan Refinancing Calculator
The loan refinancing calculator estimates the amount of money to
be saved in the first year of the refinanced mortgage; it also
determines the number of months that it will take before the
money saved pays back the cost to refinance the mortgage. The
fields are listed below. Pressing the F2 KEY will calculate the
described values.
INITIAL MORTGAGE: The loan amount of your current mortgage.
TERM OF MORTGAGE: The original number of years scheduled to pay
off your current mortgage.
AGE OF MORTGAGE: The number of months that you have already paid
on your current mortgage.
OLD INTEREST RATE: The interest rate on your current mortgage.
REFINANCE COSTS: The cost to refinance your mortgage.
NEW INTEREST RATE: The new interest rate that you will obtain on
your refinanced mortgage.
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On-line User Manual
The Mortgage Analyzer provides the capability to review this
manual on-line. The manual review is accessed from option number
six from the main menu. Once option six is selected, the user
manual is loaded into memory and displayed on the screen; you can
scroll through at will by use of the arrow keys and PgUp and PgDn
keys. The manual can be printed by your printer by pressing the
F2 key. The file "MORT.DOC" contains the user manual--it is in
standard ASCII format and can be read in by virtually any editor
or word processor. It can be printed by simply using the Dos
Print command. (PRINT MORT.DOC)
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Configuration
The configuration section allows you to configure the program to
work with the printer of your choice, to work with the colors of
your choice, to select default schedule printing options and to
set miscellaneous options. Option number six from the main menu
brings up this menu. The menu contains four options. The first is
to allow you to change the colors used in the program. The second
is to select a printer and set up specific printer options. The
third is for selecting Schedule Printing Defaults options. The
fourth is for setting up miscellaneous functions and data in the
program.
Color Attribute Selection
Selecting the color attribute option brings up a screen with a
list of all the different areas where different colors are used
and a displayed list of color to choose from. These are listed
below with a brief description of what areas are effected by the
specified color attribute names. Listed below the attribute names
is a list of active Function Keys which can help in setting up
your colors.
SCREEN ATTRIBUTE: The color that the screen uses everywhere
except for the following special areas. This is the most common
color.
FIELD ATTRIBUTE: The color that input fields appear in while
they are not being edited. This distinguishes them from normal
text on the screen.
EDIT ATTRIBUTE: The color of an input field while it is being
edited. This helps identify where you are at on the screen.
FKEY ATTRIBUTE: The color that the FKey line appears in at the
bottom of the screen.
ERROR ATTRIBUTE: The color that error messages pop up in.
MENU NORMAL ATTRIBUTE: The color that pop up scrollable
selection windows appear in.
MENU HIGHLIGHT ATTRIBUTE: The color that the highlighted
selection of menus and pop up scrollable selections appear in.
STATUS ATTRIBUTE: The color that the screen title appears in.
Also the color of the Caps Lock, Num Lock, Insert, Scroll, and
Help status.
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F2 KEY (SHOW COLOR): Displays the current color specified in the
field where the cursor is located. The color is displayed in a
window in the bottom right corner.
F3 KEY (OTHER COLORS): There are 256 colors available, but only
128 of them are displayed on the screen at one time. The F3 Key
toggles between displaying the different sets of 128 colors.
F4 KEY (DEFAULT MONO): Automatically sets all the fields to the
default colors selected by Insight Software Solutions for a
monochrome monitor.
F5 KEY (DEFAULT COLOR): Automatically sets all the fields to the
default colors selected by Insight Software Solutions for a color
monitor.
Printer Selection
The printer selection brings up a menu which has several options.
The options are to Select A Printer, Delete A Printer, Add A
Printer, Modify A Printer, and to Alter Line Spacing and Margins.
Below the menu items is a list of the current printer
specifications.
Selecting a printer brings up a list of printers. Simply use the
arrow keys to highlight your printer type and press the <Enter>
key. If your printer is not listed, you may try several of the
printers listed to see if your printer is compatible with one of
those listed. If it is not, then you may enter your own printer
definition for your exact printer.
Deleting a printer definition should not be used very often.
Simply use the arrow keys to select the printer definition to be
deleted and press the <Enter> Key. You will be prompted to verify
that you really want to delete the printer definition.
Adding a printer definition can be difficult if you are not
familiar with printer control sequences. Selecting this option
brings up a printer input screen; it asks for a printer name
along with many different printer control sequences. The printer
control sequences need to be entered in hexadecimal notation. If
you are unable of performing this task, Insight Software
Solutions is willing to set up your printer definition for free
if you are a registered user and you send Insight Software
Solutions a copy of the control codes out of your printer manual.
Modifying a printer definition brings up the same screen as
Adding A Printer definition, you may then change any of the
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fields desired. If the printer name is changed, the changed
definition will not be overwritten but will appear as a new
printer definition--this allows you to create a similar printer
definition without rekeying all the control sequences back in.
The altering line spacing and margins allows you to specify seven
different items. These items are: the top margin, left margin,
line spacing, page pausing, IBM graphics characters, Printer Port
and printer error bypass. The illustration is automatically
centered on the page left to right starting at line one. If you
desire a top margin it can be specified. (Note: Laser printers
should not normally specify a top margin.) If a larger left
margin is desired (for punched holes, etc) then a larger left
margin can be specified. The line spacing can be sent to either 6
lines per inch or 8 lines per page if more information per page
is desired. "Pause After Each Page" allows you to insert new
pieces of paper if your printer does not have continuous form
paper. Selecting the IBM graphics characters, tells the program
to build the illustration using graphic characters for dashes and
double dashes. Using the graphic characters produces a solid
line. These characters are used under headings, etc. Some
printers do not support these characters. If you select this
option and you get strange results on your printout, then you
will need to turn this option off. You may select to have your
printed output go to either LPT1, LPT2 or LPT3; this is helpful
if you have more than one printer connected to your computer. You
may select to have the program bypass all printer error checking.
There are rare cases where the printer error checking can cause
an error message to display even though there really is not an
error. Certain hardware like an automatic printer switching box
or some software spoolers may cause this. You may turn the error
checking off by selecting "Y" here to avoid this rare problem.
CAUTION: If your system works with the error checking on, then DO
NOT turn it off. If there is a real printer problem, the computer
could get hung and require a reboot.
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Schedule Printing Defaults
The Schedule Printing Defaults section brings up a screen
identical to the Print Schedule/Summary screen. In this section,
you choose the values you want to use most frequently in the
Print Schedule/Summary screen. The values chosen here in the
Schedule Printing Defaults will be those which appear
automatically in the Print Schedule/Summary screen when the
program is initially run. Please refer to the section on Print
Schedule/Summary for more specific detail on the fields.
Miscellaneous Selection
The Miscellaneous Configuration section allows you to adjust the
program and the reports and schedules to your preference. There
are seven inputs--the first three are for permanent illustration
header lines. Typically these lines would be set to your company
name and address, but can be set to anything. These lines appear
at the top of every illustration before anything else and do not
need to be retyped each time the program is run--they are saved
and retrieved each time it is used. By selecting the "Turn Sound
Off" selection, most sound effects will not occur. If you do not
wish to see the startup logo each time you run The Mortgage
Analyzer, then you may select "Bypass Logo at Start". By
selecting "Erase Numeric Fields", the program will clear a
numeric field of its current value when you type a digit as the
first thing you do when editing the field. "Erase Alpha Fields"
is identical to the "Erase Numeric Field", but applies to fields
that allow normal alphabetic text.
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Filing System
The Mortgage Analyzer provides the capability to save and
retrieve all information that has been entered in the
Qualification and Mortgage Schedule Input Screens. To invoke this
option, select option 4 from the main menu--this will bring up
another menu. The menu allows you to load saved client
information or save out the existing client information you are
working on. Multiple clients are distinguished by the name
specified as the client. When saving client information, if a
client by that name already exists, you will be prompted to
either not save or to overwrite the existing client information.
Retrieving client information is simple. A list of all saved
client names will appear. You can scroll through the client names
and by pressing the <Enter> Key, load in the highlighted case.
Saved client information can be marked for deletion by pressing
the F2 (MARK A CASE) Key. This simply puts a little box to the
left of the client name. You can mark as many as desired for
deletion. No client information is deleted until the F3 (DELETE
MARKED CASES) key is pressed. Pressing the F3 (DELETE MARKED
CASES) Key still gives you one more chance to back out before
deletion begins.
Answers To Common Problems
Problem: The reports do not print out correctly on my printer.
Solution: Make sure that the correct printer driver has been
selected. To select a printer driver, you enter the
configuration menu. Select "Printer Selection", then select
"Select A New Printer Default". Choose the appropriate printer.
If your printer is not listed, then it is more than likely
compatible with another printer listed. Almost all printers fall
under one of the following printers: Epson, IBM Graphics Printer
or HP LaserJet II.
Problem: Every time I try to print, the program tells me that my
printer is either off-line or out of paper.
Solution: The program attempts to make sure the printer is okay.
Some networks, spoolers and hardware fool the program into
thinking that the printer is not okay. There is an option in the
program to bypass this printer error checking. You must turn it
on. To turn it on, do the following: Enter the configuration
menu, Select "Printer Selection", then select "Alter Line
Spacing, Margins & Misc". This brings up an entry screen.
Change the "Bypass Printer Check" to a "Y".
Page 29
ORDER.DOC
INSIGHT SOFTWARE SOLUTIONS Software Order Form
Name: ___________________________________________________________
Address: ___________________________________________________________
Address: ___________________________________________________________
City: ___________________ State/Prov: ____________ Zip: __________
Country: ________________________
Day Phone: ________________ Evening Phone: _________________
Payment Method: [ ] Check [ ] Money Order [ ] Visa [ ] MasterCard
Card Number: _____________________________________ Exp. Date: ___/___
Signature: _______________________________________________________
Diskette Size: 5.25" 3.5" (Circle One)
The Debt The Mortgage The Interest
Product Name: Analyzer Analyzer Analyzer
Product Cost: $20.00 U.S. $25.00 U.S. $25.00 U.S.
$25.00 Canadian $32.00 Canadian $32.00 Canadian
Quantity x ________ ________ ________
Subtotal $ ________ ________ ________
Total $ ________ ________ ________
Subtotal of all products $ ________
Sales Tax ________ (Utah Residents Only [6.25%])
Shipping & Handling ________ ** See charges below
Goods and Service Tax ________ (Canadian Orders Only [7.00%])
Total Amount Enclosed $ ________
Please send check, money order, Visa or MasterCard order to:
** IN CANADA **
INSIGHT SOFTWARE SOLUTIONS US-CAN Computer Services Inc.
P.O. Box 354 Box 34146, 1200 37th St. S.W.
Bountiful, Utah 84011-0354 Calgary, Alberta, T3C 3W2
OR Phone or Fax your Visa or MasterCard order to:
** IN CANADA **
Tel: 801 295-1890 Tel: 403-243-2393
Fax: 801 299-1781 Fax: 403-243-2396
Orders Only: 800-663-1537
** Shipping & Handling ** IN CANADA **
U.S. First Class Mail -- $3.00 Canada Post Commercial -- $4.00
U.S. Priority Mail -- $5.00 Priority Post Next Day -- $9.00
U.S. Air Mail (over seas) -- $5.00
*** Site Licenses with quantity discounts available. Please Call. ***
PRODUCTS.DOC
Insight Software Solutions Product Briefs
THE DEBT ANALYZER
The Debt Analyzer, a financial software package for the IBM PC, is the
perfect tool to help reduce and eliminate debt. Debt reduction can be
illustrated through a loan payment schedule or through loan consolidation.
Up to 20 debts can be handled at one time. The loan payment schedule
displays the payments to be applied to each debt and the balance of each
debt until the balance reaches zero. Minimum payments or current payments
may be used. Additional accelerated payments can be applied. One of nine
debt payoff priority methods can be specified or priorities can be user
specified. For consolidated loans, the term or payment of the loan can be
specified or the sum of all debt payments may be used as the consolidated
loan payment. Professional reports, schedules and summaries can be viewed
on screen, printed or saved to file. Interest savings as well as the number
of months paid off early are shown. All information can be saved and
retrieved for multiple clients.
THE INTEREST ANALYZER
The Interest Analyzer, a financial software package for the IBM PC, comes
complete with a variety of financial tools for calculating Annuities (Sav-
ings, Interest Accumulation), Amortization (Loans, Mortgages), Depreciation,
Immediate Annuities and Calculators for solving for missing values. Each
financial tool contains a variety of options to allow maximum flexibility.
The Interest (Savings) tool allows variable deposit modes, deposits, with-
drawals and interest rates. Professional reports can be generated with
varying detail. Special options are available to illustrate the time value
of compounding and the impact of taxes on savings. The amortization (Loan)
tool allows variable payments, interest rates and compounding methods.
Professional schedules can be generated with varying detail. Special
options are available to illustrate the savings incurred with an early
payoff of a loan and to show tax savings with mortgages. The depreciation
tool allows for a variety of depreciation methods to be illustrated using
different time conventions. The Immediate Annuity tool allows variable
payout modes and compounding methods. Professional schedules are produced.
Professional illustrations and schedules can be viewed on the screen or
sent to a printer. Each financial tool has the ability to save and
retrieve all information entered for multiple clients.
THE MORTGAGE ANALYZER
This is NOT an ORDINARY mortgage program. It includes seven predefined
loan acceleration methods such as bi-weekly, double principal and growing
equity payments plus the ability to set up *ANY* acceleration method con-
ceivable through variable extra payments. Accelerated schedules and/or
summaries can be produced side by side with the original mortgage or by
themselves. Features mortgage comparisons--enter all values for two
complete mortgages. Print, view or save to file complete schedules
and/or summaries for both side by side. The input screen contains Purchase
Price, Down Payment, Duration, Interest Rate, Interest Type (Fixed,
Stepped, Adjustable, Reset), Closing Date, First Payment Date, Points,
Property Tax, Homeowners Insurance, Mortgage Insurance and closing costs.
It calculates payments, points, tax savings, daily interest, interest paid,
interest saved (for acceleration) and complete schedules. Other features
include Qualification Analysis reports for conventional, FHA and VA loans.
Includes solve for missing loan value calculator, loan refinancing,
daily interest and points calculators. Save and restore multiple clients.
THE DEBT ANALYZER - PROGRAM FEATURES
Loan Payment Matrix Consolidated Loan
Up to 20 debts Up to 20 debts
Payments Select Term of Loan
Minimum Payments Select Payment To Make
Current Payments Use Sum of Debt Payments
Accelerated Payments Current Debt Summary
Prioritize Debts Name of Debt
Highest Interest Rate First Loan Balance
Smallest Balance First Number of Months To Pay
Largest Balance First Interst Rate
Smallest Minimum Payment First Interest Paid
Largest Minimum Payment First Total Interest Paid for all
Smallest Current Payment First Debts
Largest Current Payment First Total Interest Saved with
Shortest Term Debt First Consolidation
Largest Term Debt First Consolidated Loan Schedule
User Defined
Debt Payoff Schedule Other Features
Name of Debt Save and Retrieve Multiple
Date To Pay Client Information
Amount To Pay On-line Manual
Remaining Balance On-line Help for each field
Debt Payment Summary Effective Rate Calculator
Name of Debt
Loan Balance Configuration
Payment Schedule Select Own Colors
Number of Months To Pay Select/Modify Printer Driver
Number of Months Saved Up to 3 Permanent Header Lines
Interst Rate Turn off/on Sound Effects
Interest Paid Bypass Logo Screen
Interest Saved Default Report Options
Total Interest Paid for all Debts
Total Interest Saved for all Debts
Reports
Calendar or Fiscal Year
Cumulative or Non Cumulative
Whole Dollars or Exact Cents
18 Date Formats--International Included
View on screen before printing
6 or 8 Lines Per Inch
Top and Left Margin Adjustment
Automatic Bolding of Headers and Totals
Automatic Condensed Print when Needed
IBM Graphic Characters
THE INTEREST ANALYZER - PROGRAM FEATURES
Interest (Savings, Deferred Annuities, CDs, IRAs)
-------------------------------------------------
Deposit Modes: Weekly, Bi-Weekly, Semi-Monthly, Monthly, Quarterly,
Semi-Annual and Annual
Variable Deposits,
Withdrawals &
Interest Rates: Monthly, Quarterly, Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
Report Detail: Monthly, Quarterly, Semi-Annual and Annual on either a
calendar or fiscal year basis
Special Options: Automatic Cost of Living Adjustments to deposits, Side by
side comparisons of: tax and non tax sheltered savings,
different rates and waiting before starting to save.
Depreciation
------------
Methods: Straight Line, Life Periods, Annuity, Sinking Fund,
MACRS (200%), MACRS (150%)
Conventions: Annual, Half-Year and 1st Mid Quarter - 4th Mid Quarter
Amortization (Loans, Mortgages)
-------------------------------
Payments Modes: Monthly, Quarterly, Semi-Annual and Annual
Interest Rates: Monthly, Quarterly, Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
Report Detail: Monthly, Quarterly, Semi-Annual and Annual on either a
calendar or fiscal year basis
Special Options: Side by side comparisons of Recurring Extra Payment,
Variable Payments, Variable Extra Payments, Double
Principal Payments and 13 Payments per year. Balloon
Payments and Tax Savings Analysis for Mortgages.
Immediate Annuities
-------------------
Payout Methods: Weekly, Bi-Weekly, Semi-Monthly, Monthly, Quarterly,
Semi-Annual and Annual
Compound Methods: Daily (360 or 365), Monthly, Quarterly, Semi-Annual, Annual
General Features
----------------
Help: On-line manual, easy menu driven, help for each field
View: Complete Illustration on screen
Print: 6 or 8 lines per inch, top and left margin adjustment,
automatic bolding of titles and totals, automatic
condensed print when necessary, use of IBM graphic
characters, and support of virtually any printer via
printer definition tables
Save & Retrieve: Save and retrieve files (cases)
Header Lines: Up to 3 saved header lines plus one Title Line for each
report
Dates: International Date Formats in Reports
Sound effects: Choose off or on
Colors: Choose own
Logo Screen: Choose to see or bypass
Calculators: 4 function calculator, Interest Calculator: Future
Value, Present Value, Solve for Value, Amortization
Calculator: Solve for Missing Loan Value
THE MORTGAGE ANALYZER - PROGRAM FEATURES
Amortization Features Reports & Schedules
Interest Rates Qualification Analysis
Fixed, Stepped Amortization Summaries
Adjustable, Reset Amortization Schedules
Early Payoffs Yearly or Monthly
Recurring Extra Payment Calendar or Fiscal Year
Variable Extra Payment Cumulative or Non Cumulative
Variable Payment Whole Dollars or Exact Cents
Double Principal Payment Two Loans Side by Side Comparison
13 Monthly Payments Standalone Early Payoff
26 Half Month Payments Side by Side Early Payoff Comparison
52 Quarter Month Payments International Date Formats
Growing Equity Payments View on screen before printing
Tax Savings Analysis 6 or 8 Lines Per Inch
Comparison of Two Separate Loans Top and Left Margin Adjustment
Balloon Mortgages Automatic Bolding of Headers and Totals
Points Automatic Condensed Print when Necessary
Daily Interest IBM Graphic Characters
Closing Costs
Mortgage Insurance Other Features
Homeowners Insurance Qualification Analysis
Property Tax Calculators
4 Function
Configuration Solve for Mortgage Value
Select Own Colors Loan Refinance
Select/Modify Printer Driver Points
Up to 3 Permanent Header Lines Daily Interest
Turn off/on Sound Effects Save and Retrieve Client Information
Bypass Logo Screen On-line Manual
Default Report Options On-line Help for each field
FOR MORE INFORMATION CONTACT:
Insight Software Solutions
P.O. Box 354
Bountiful, UT 84011-0354
Phone: 801 295-1890
Fax: 801 299-1781
BBS: 801 963-8721 (Join Conference #4)
CIS: [71672,3464]
In Canada Contact:
US-CAN Computer Services Inc.
Box 34146, 1200 - 37th STREET S.W.
Calgary, Alberta, T3C 3W2
Phone: 403 243-2393
Fax: 403 243-2396
Orders Only: 1-800-663-1537
Internet: Barry.Dufresne@T8000.CUC.AB.CA
VENDOR.DOC
Insight Software Solutions Shareware Programs -- VENDOR INFORMATION
Introduction
The files on this diskette are the latest versions of several DOS programs
from Insight Software Solutions. These files replace all previous versions
of the same programs.
Copyright Information
All Insight Software Solutions programs, shareware and commercial, are
protected under the copyright laws of the United States and foreign
countries. All rights are reserved to Insight Software Solutions. Violations
of copyright laws are investigated by the FBI. Distribution of Insight
Software Solutions products implies that you have read and agreed to the
distribution terms described below. Insight Software Solutions makes test
orders from time to time to verify compliance with its distribution terms.
Distributor Information and License Information
The license information and distribution requirements in this document
supersede all previous license statements. To continue to distribute
Insight Software Solutions products, you must adhere to the licensing
and distribution requirements below.
If you are a mail order or BBS-type distributor of shareware software, you
may distribute these programs as they are, without any changes other than
expanding files contained in the ZIP archives. However, you have a
responsibility to check from time to time, at a minimum interval of 6
months, for new versions of these programs, and to update your copies in a
timely manner. Insight Software Solutions will gladly send you a diskette
containing the current versions on request, or you may download current
versions from the Insight Software Solutions Support BBS at the number
listed below.
You may not distribute any Insight Software Solutions programs as part of
any commercial program or in conjunction with any collection of software
of any kind without express written permission from Insight Software
Solutions. Special licenses are required for any bundling of Insight
Software Solutions products, whether shareware or commercial, with any other
software or hardware. This does not prohibit including Insight Software
Solutions programs on individual disks containing other, clearly identified,
shareware programs.
You must fully identify all Insight Software Solutions programs in your
advertising, by the program's full name and version, and indicate the
registration fee in the program description. The word Insight Software
Solutions must appear in all program descriptions.
Within 30 days of the receipt of this disk, you must replace all older
versions of all programs contained on this disk. You may not distribute
older versions of Insight Software Solutions programs under any
circumstances after that period. Please check your catalog for previous
versions of these programs and replace them with the current version.
Shareware Disclosure Required
All advertising and packaging information including references to Insight
Software Solutions products must contain a statement explaining the
shareware concept. Specifically, that statement must explain that shareware
software MUST be registered by the user, after a trial period, by paying
a registration fee, and that all monies paid for the shareware version are
duplication and distribution charges only. The declaration specified by
the Association of Shareware Professionals is a good model. All such
statements must be clearly displayed in a position where they are likely
to be read by potential customers.
Retail Rack and CD-ROM Distribution
If you distribute shareware in a retail setting in racks, store displays,
vending machines, at computer fairs, or in any way other than normal BBS
or catalog-based sales, you must contact Insight Software Solutions for
permission to distribute any Insight Software Solutions program. Rack or
retail-like sales require a special distribution license, normally requiring
royalties paid to Insight Software Solutions. If you distribute shareware
on CD-ROM disks, you must also contact Insight Software Solutions before
including any Insight Software Solutions shareware program on a CD-ROM disk.
Normally, permission is granted, but current versions must be included and
all old versions of any Insight Software Solutions program removed from any
CD-ROM disk containing Insight Software Solutions products.
PROGRAM DESCRIPTIONS
You can find descriptions of all programs on this disk in the PRODUCTS.DOC
or README files, and in the brochure enclosed. You may use these
descriptions, editing them to the length required for your marketing
efforts. However, you MUST include the word Insight Software Solutions,
the program name, version number, and system requirements information with
all descriptions to avoid customer confusion.
Contacting Insight Software Solutions
You may contact Insight Software Solutions at any of the following locations:
Insight Software Solutions
P.O. Box 354
Bountiful, UT 84011-0354
Tel: (801) 295-1890
Fax: (801) 299-1781
BBS: (801) 963-8721 1200-38400 baud, 8/N/1
(Rocky Mountain Software BBS - Join Conference #4)
CompuServe ID: 71672,3464
Directory of PC-SIG Library Disk #3420
Volume in drive A has no label
Directory of A:\
MORT ZIP 143500 8-23-93
INT ZIP 144895 8-23-93
FINCALC ZIP 51415 10-12-92
GO BAT 32 9-20-93 12:34p
GO TXT 1232 9-20-93 12:40p
5 file(s) 341074 bytes
17408 bytes free